Romania: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2025

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Romania

After two years of growth, the Romanian meat and fish extracts market decreased by -5.8% to $X in 2021. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Meat and fish extracts consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Romania

In value terms, meat and fish extracts production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 20%. As a result, production reached the peak level of $X, and then contracted in the following year.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports from Romania

In 2021, overseas shipments of extracts and juices of meat, fish, crustaceans and molluscs decreased by -50.6% to X kg, falling for the third year in a row after two years of growth. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 484%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, meat and fish extracts exports reduced rapidly to $X in 2021. In general, exports recorded a slight decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 443%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Cyprus (X kg) was the main destination for meat and fish extracts exports from Romania, accounting for a 88% share of total exports. Moreover, meat and fish extracts exports to Cyprus exceeded the volume sent to the second major destination, Italy (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Cyprus totaled -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+16.0% per year) and the Netherlands (-19.9% per year).

In value terms, Cyprus ($X) emerged as the key foreign market for extracts and juices of meat, fish, crustaceans and molluscs exports from Romania, comprising 91% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 6.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Cyprus amounted to -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-20.5% per year) and Italy (+13.7% per year).

Export Prices by Country

The average meat and fish extracts export price stood at $X per ton in 2021, surging by 5.5% against the previous year. In general, the export price recorded a prominent increase. The growth pace was the most rapid in 2020 an increase of 63% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Italy ($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 the UK (+38.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports into Romania

Meat and fish extracts imports into Romania surged to X tons in 2021, jumping by 56% against the previous year. Overall, imports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 140% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, meat and fish extracts imports soared to $X in 2021. In general, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2020 when imports increased by 159% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of meat and fish extracts to Romania, accounting for a 56% share of total imports. Moreover, meat and fish extracts imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +32.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+83.6% per year) and Italy (-35.7% per year).

In value terms, Germany ($X) constituted the largest supplier of extracts and juices of meat, fish, crustaceans and molluscs to Romania, comprising 54% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 25% share of total imports. It was followed by France, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +77.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+32.8% per year) and France (+48.1% per year).

Import Prices by Country

The average meat and fish extracts import price stood at $X per ton in 2021, rising by 18% against the previous year. In general, the import price saw a prominent increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 118% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

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 Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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