Romania: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Romania

The Romanian market for powdered, evaporated and condensed milk stood at $X in 2022, with an increase of X% against the previous year. In general, consumption enjoyed a resilient increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Production of Powdered, Evaporated And Condensed Milk in Romania

In value terms, powdered, evaporated and condensed milk production fell to $X in 2022 estimated in export price. In general, production saw a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Powdered, evaporated and condensed milk production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Romania

In 2022, overseas shipments of powdered, evaporated and condensed milk were finally on the rise to reach X tons for the first time since 2014, thus ending a seven-year declining trend. In general, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, powdered, evaporated and condensed milk exports soared to $X in 2022. Overall, exports, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Greece (X tons), Bulgaria (X tons) and Poland (X tons) were the main destinations of powdered, evaporated and condensed milk exports from Romania, together accounting for X% 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 X%), while the other leaders experienced mixed trend patterns.

In value terms, Greece ($X), Bulgaria ($X) and Hungary ($X) were the largest markets for powdered, evaporated and condensed milk exported from Romania worldwide, with a combined X% share of total exports.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for powdered, evaporated and condensed milk stood at $X per ton in 2022, declining by X% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, evaporated and condensed milk export price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to the Netherlands ($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 Bulgaria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Romania

In 2022, powdered, evaporated and condensed milk imports into Romania skyrocketed to X tons, jumping by X% on 2021. In general, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, powdered, evaporated and condensed milk imports surged to $X in 2022. Overall, imports saw a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of powdered, evaporated and condensed milk to Romania, with a X% share of total imports. Moreover, powdered, evaporated and condensed milk imports from Hungary exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Poland (X% per year).

In value terms, Poland ($X), the Netherlands ($X) and Ireland ($X) were the largest powdered, evaporated and condensed milk suppliers to Romania, with a combined X% share of total imports.

Among the main suppliers, Ireland, with a CAGR of X%, 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 powdered, evaporated and condensed milk stood at $X per ton in 2022, waning by X% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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