Romania: Market for Dried Or Smoked Fish 2025

Market Size for Dried Or Smoked Fish in Romania

In 2021, after two years of decline, there was significant growth in the Romanian dried or smoked fish market, when its value increased by 87% to $X. Overall, consumption saw a measured increase. Dried or smoked fish consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Dried Or Smoked Fish in Romania

In value terms, dried or smoked fish production totaled $X in 2021 estimated in export price. Over the period under review, production recorded a sharp descent. The pace of growth appeared the most rapid in 2017 with an increase of 34%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Dried Or Smoked Fish

Exports from Romania

In 2021, shipments abroad of dried or smoked fish increased by 0.4% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports posted a strong increase. The growth pace was the most rapid in 2013 with an increase of 101% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, dried or smoked fish exports soared to $X in 2021. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 48%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Bulgaria (X tons) was the main destination for dried or smoked fish exports from Romania, with a 47% share of total exports. Moreover, dried or smoked fish exports to Bulgaria exceeded the volume sent to the second major destination, Italy (X tons), threefold. Hungary (X tons) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria amounted to +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+18.6% per year) and Hungary (+8.9% per year).

In value terms, Bulgaria ($X) remains the key foreign market for dried or smoked fish exports from Romania, comprising 64% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by Moldova, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bulgaria totaled +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+22.2% per year) and Moldova (+10.6% per year).

Export Prices by Country

The average dried or smoked fish export price stood at $X per ton in 2021, picking up by 29% against the previous year. In general, the export price recorded a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Spain ($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 Moldova (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports into Romania

In 2021, imports of dried or smoked fish into Romania skyrocketed to X tons, rising by 43% on the previous year. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, dried or smoked fish imports soared to $X in 2021. Overall, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of dried or smoked fish to Romania, with a 38% share of total imports. Moreover, dried or smoked fish imports from Poland exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+16.9% per year) and Germany (+8.1% per year).

In value terms, Germany ($X), Poland ($X) and Denmark ($X) were the largest dried or smoked fish suppliers to Romania, with a combined 63% share of total imports. These countries were followed by the Czech Republic, Bulgaria, the Netherlands, Spain, Estonia and Latvia, which together accounted for a further 24%.

The Czech Republic, with a CAGR of +47.2%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 dried or smoked fish import price stood at $X per ton in 2021, increasing by 22% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dried or smoked fish import price increased by +45.7% against 2014 indices. As a result, import price reached 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 ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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