Romania: Chocolate Market 2024

Chocolate Market Size in Romania

The Romanian chocolate market expanded modestly to $X in 2022, increasing by 4.4% against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.4% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Chocolate Production in Romania

In value terms, chocolate production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a slight shrinkage. The growth pace was the most rapid in 2016 with an increase of 10%. Chocolate production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Chocolate Exports

Exports from Romania

For the fourth consecutive year, Romania recorded growth in shipments abroad of chocolate and cocoa products, which increased by 2.3% to X tons in 2022. In general, exports showed a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by 39%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, chocolate exports stood at $X in 2022. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 34% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Bulgaria (X tons), Poland (X tons) and Belgium (X tons) were the main destinations of chocolate exports from Romania, together comprising 58% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +32.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate exported from Romania were Bulgaria ($X), Poland ($X) and Germany ($X), with a combined 55% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +38.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chocolate export price stood at $X per ton in 2022, rising by 2.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2018 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into Romania

In 2022, imports of chocolate and cocoa products into Romania stood at X tons, growing by 6.3% compared with the previous year. Over the period under review, imports saw a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 17% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, chocolate imports rose to $X in 2022. Overall, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 22%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of chocolate to Romania, accounting for a 36% share of total imports. Moreover, chocolate imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+7.2% per year) and Italy (+14.4% per year).

In value terms, Germany ($X) constituted the largest supplier of chocolate and cocoa products to Romania, comprising 38% of total imports. The second position in the ranking was held by Poland ($X), with a 16% share of total imports. It was followed by Italy, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+10.1% per year) and Italy (+16.8% per year).

Import Prices by Country

In 2022, the average chocolate import price amounted to $X per ton, reducing by -4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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