Romania: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Romania

The Romanian battered fish fillet market declined to $X in 2021, dropping by -11.6% against the previous year. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +16.0% against 2019 indices. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Battered Fish Fillet Production in Romania

In value terms, battered fish fillet production dropped to $X in 2021 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +20.2% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of 62% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Battered Fish Fillet Exports

Exports from Romania

In 2021, exports of fish fillets in batter or breadcrumbs from Romania dropped rapidly to X tons, declining by -28.9% compared with the previous year's figure. Over the period under review, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 230% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, battered fish fillet exports expanded to $X in 2021. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 210%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Moldova (X tons) was the main destination for battered fish fillet exports from Romania, accounting for a 64% share of total exports. Moreover, battered fish fillet exports to Moldova exceeded the volume sent to the second major destination, France (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Moldova totaled +30.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+307.7% per year) and Italy (+34.3% per year).

In value terms, Moldova ($X) emerged as the key foreign market for fish fillets in batter or breadcrumbs exports from Romania, comprising 59% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 20% share of total exports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Moldova totaled +43.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+6.2% per year) and France (+218.6% per year).

Export Prices by Country

In 2021, the average battered fish fillet export price amounted to $X per ton, surging by 43% against the previous year. Over the period under review, the export price posted a resilient increase. The growth pace was the most rapid in 2015 an increase of 98% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to France ($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 Bulgaria (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into Romania

In 2021, imports of fish fillets in batter or breadcrumbs into Romania rose notably to X tons, picking up by 9.6% compared with the previous year's figure. Overall, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 87%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, battered fish fillet imports expanded modestly to $X in 2021. Over the period under review, imports posted buoyant growth. The growth pace was the most rapid in 2014 when imports increased by 70% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Poland (X tons) and the Netherlands (X tons) were the main suppliers of battered fish fillet imports to Romania, together accounting for 89% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +25.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Austria ($X) were the largest battered fish fillet suppliers to Romania, together accounting for 88% of total imports. These countries were followed by the Netherlands and Chile, which together accounted for a further 4.5%.

The Netherlands, with a CAGR of +31.8%, recorded the highest growth rate of 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

In 2021, the average battered fish fillet import price amounted to $X per ton, dropping by -4.4% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2013 an increase of 17% against the previous year. The import price peaked at $X per ton in 2020, and then dropped slightly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Austria ($X per ton) and Poland ($X per ton), while the price for Chile ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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