Romania: Cream Market 2021

Cream Market Size in Romania

The Romanian cream market amounted to $X in 2020, with an increase of X% against the previous year. In general, the total consumption indicated notable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2012 indices. The growth pace was the most rapid in 2014 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level in 2020 and is expected to retain growth in the near future.

Cream Production in Romania

In value terms, cream production rose to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, production reached the maximum level in 2020 and is expected to retain growth in the immediate term.

Cream Exports

Exports from Romania

In 2020, the amount of cream exported from Romania amounted to X kg, standing approx. at the previous year. Over the period under review, exports saw a deep reduction. Over the period under review, exports reached the maximum at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, cream exports amounted to $X in 2020. Overall, exports recorded a abrupt downturn. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Moldova (X tons) was the main destination for cream exports from Romania, with a approx. X% share of total exports.

From 2007 to 2014, the average annual rate of growth in terms of volume to Moldova was relatively modest.

From 2007 to 2014, the average annual growth rate of value to Moldova was relatively modest.

Export Prices by Country

In 2014, the average cream export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price continues to indicate a pronounced curtailment. Over the period under review, average export prices hit record highs at $X per ton in 2007; however, from 2008 to 2014, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Moldova.

From 2007 to 2014, the rate of growth in terms of prices for Moldova amounted to X% per year.

Cream Imports

Imports into Romania

For the fourteenth year in a row, Romania recorded growth in overseas purchases of cream, which increased by X% to X tons in 2020. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, cream imports rose rapidly to $X in 2020. In general, imports saw a prominent expansion. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, Hungary (X tons) constituted the largest cream supplier to Romania, accounting for a X% share of total imports. Moreover, cream imports from Hungary exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), twofold. The third position in this ranking was occupied by France (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Hungary amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+X% per year) and France (+X% per year).

In value terms, Hungary ($X), Germany ($X) and Slovakia ($X) were the largest cream suppliers to Romania, with a combined X% share of total imports.

Hungary saw 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

In 2020, the average cream import price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the import price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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