Romania: Concentrated Grapefruit Juice Market 2022

Concentrated Grapefruit Juice Market Size in Romania

In 2021, after three years of growth, there was significant decline in the Romanian concentrated grapefruit juice market, when its value decreased by -5.5% to $X. Over the period under review, consumption faced a abrupt descent. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Concentrated Grapefruit Juice Production in Romania

In value terms, concentrated grapefruit juice production amounted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Concentrated Grapefruit Juice Exports

Exports from Romania

In 2021, after three years of decline, there was significant growth in shipments abroad of concentrated grapefruit juice, when their volume increased by 13% to X tons. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 37,829%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, concentrated grapefruit juice exports surged to $X in 2021. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 10,662%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for concentrated grapefruit juice exports from Romania, accounting for a 59% share of total exports. Moreover, concentrated grapefruit juice exports to Bulgaria exceeded the volume sent to the second major destination, Hungary (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bulgaria totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-7.2% per year) and the Czech Republic (+25.1% per year).

In value terms, Bulgaria ($X) remains the key foreign market for concentrated grapefruit juice exports from Romania, comprising 59% of total exports. The second position in the ranking was taken by Hungary ($X), with a 17% share of total exports. It was followed by the Czech Republic, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bulgaria totaled +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-9.7% per year) and the Czech Republic (+22.8% per year).

Export Prices by Country

In 2021, the average concentrated grapefruit juice export price amounted to $X per ton, picking up by 3.4% against the previous year. Over the period under review, the export price, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2013 an increase of 13%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the countries with the highest prices were Bulgaria ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Slovakia ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-1.9%), while the prices for the other major destinations experienced a decline.

Concentrated Grapefruit Juice Imports

Imports into Romania

In 2021, supplies from abroad of concentrated grapefruit juice increased by 46% to X tons, rising for the fourth year in a row after three years of decline. In general, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, concentrated grapefruit juice imports skyrocketed to $X in 2021. Over the period under review, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Ireland (X tons) constituted the largest concentrated grapefruit juice supplier to Romania, with a 65% share of total imports. Moreover, concentrated grapefruit juice imports from Ireland exceeded the figures recorded by the second-largest supplier, Israel (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ireland stood at +46.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+2.4% per year) and Germany (+114.9% per year).

In value terms, the largest concentrated grapefruit juice suppliers to Romania were Ireland ($X), Germany ($X) and Israel ($X), together accounting for 89% of total imports.

Germany, with a CAGR of +132.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concentrated grapefruit juice import price stood at $X per ton in 2021, growing by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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