Romania: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Romania

In 2021, the Romanian fish meals and pellet market increased by 155% to $X, rising for the fourth consecutive year after four years of decline. Overall, consumption recorded significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Flours, Meals And Pellets Of Fish in Romania

In value terms, fish meals and pellet production stood at $X in 2021 estimated in export price. Overall, production recorded a sharp curtailment. The most prominent rate of growth was recorded in 2020 with a decrease of 99.9% against the previous year. Fish meals and pellet production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports from Romania

Fish meals and pellet exports from Romania fell markedly to X tons in 2021, with a decrease of -44.5% on 2020 figures. In general, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 91,716% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, fish meals and pellet exports shrank dramatically to $X in 2021. Over the period under review, exports, however, recorded a strong increase. The growth pace was the most rapid in 2019 when exports increased by 165,358% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for fish meals and pellet exports from Romania, accounting for a 76% share of total exports. Moreover, fish meals and pellet exports to the UK exceeded the volume sent to the second major destination, North Macedonia (X tons), fivefold. Estonia (X kg) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +76.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (0.0% per year) and Estonia (-96.5% per year).

In value terms, the UK ($X) emerged as the key foreign market for flours, meals and pellets of fish exports from Romania, comprising 71% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a 22% share of total exports. It was followed by Estonia, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +110.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (0.0% per year) and Estonia (-98.4% per year).

Export Prices by Country

In 2021, the average fish meals and pellet export price amounted to $X per ton, declining by -48.3% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 83%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Italy ($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 (+19.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flours, Meals And Pellets Of Fish

Imports into Romania

In 2021, approx. X tons of flours, meals and pellets of fish were imported into Romania; jumping by 21% on the previous year. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 175% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, fish meals and pellet imports rose significantly to $X in 2021. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 250% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of fish meals and pellet to Romania, accounting for a 62% share of total imports. Moreover, fish meals and pellet imports from China exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), threefold. Sweden (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +57.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+0.5% per year) and Sweden (0.0% per year).

In value terms, the largest fish meals and pellet suppliers to Romania were China ($X), Bulgaria ($X) and Sweden ($X), with a combined 82% share of total imports.

In terms of the main suppliers, China, with a CAGR of +59.9%, recorded the highest growth rate of 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 fish meals and pellet import price stood at $X per ton in 2021, dropping by -9.3% against the previous year. Overall, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 156%. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Bulgaria ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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