Romania: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Romania

For the third consecutive year, the Romanian market for condensed or evaporated milk (unsweetened) recorded growth in sales value, which increased by 8.3% to $X in 2021. Overall, consumption showed a significant increase. Over the period under review, the market hit record highs at $X in 2017; afterwards, it flattened through to 2021.

Production of Condensed Or Evaporated Milk (Unsweetened) in Romania

In value terms, unsweetened condensed and evaporated milk production soared to $X in 2021 estimated in export price. Over the period under review, production faced a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of 62% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Romania

For the seventh consecutive year, Romania recorded decline in shipments abroad of condensed or evaporated milk (unsweetened), which decreased by -41.5% to X tons in 2021. Overall, exports saw a sharp downturn. The growth pace was the most rapid in 2014 with an increase of 201%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, unsweetened condensed and evaporated milk exports contracted remarkably to $X in 2021. Over the period under review, exports recorded a dramatic downturn. The pace of growth was the most pronounced in 2014 when exports increased by 202% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Greece (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Romania, with a 80% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to Greece exceeded the volume sent to the second major destination, Bulgaria (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece amounted to -13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-35.8% per year) and Italy (+17.4% per year).

In value terms, Greece ($X) remains the key foreign market for condensed or evaporated milk (unsweetened) exports from Romania, comprising 81% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Greece stood at -11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-34.6% per year) and Italy (+6.9% per year).

Export Prices by Country

In 2021, the average export price for condensed or evaporated milk (unsweetened) amounted to $X per ton, with an increase of 12% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 14% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Romania

In 2021, overseas purchases of condensed or evaporated milk (unsweetened) increased by 32% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a strong increase. The growth pace was the most rapid in 2015 when imports increased by 252%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, unsweetened condensed and evaporated milk imports surged to $X in 2021. In general, imports recorded a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 134%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Hungary (X tons) constituted the largest unsweetened condensed and evaporated milk supplier to Romania, with a 47% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from Hungary exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Denmark (X tons), with a 21% share.

From 2012 to 2021, the average annual growth rate of volume from Hungary totaled +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.2% per year) and Denmark (+14.4% per year).

In value terms, the largest unsweetened condensed and evaporated milk suppliers to Romania were Germany ($X), Hungary ($X) and Denmark ($X), together accounting for 82% of total imports. Bulgaria, Poland and Belgium lagged somewhat behind, together accounting for a further 11%.

Among the main suppliers, Bulgaria, with a CAGR of +34.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2021, surging by 28% against the previous year. Over the period under review, the import price, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2013 when the average import price increased by 38% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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