Romania: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Romania

The Romanian fresh fish fillet market surged to $X in 2021, picking up by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw strong growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Fresh Fish Fillet Exports

Exports from Romania

Fresh fish fillet exports from Romania skyrocketed to X tons in 2021, picking up by 75% compared with the previous year's figure. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 252% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, fresh fish fillet exports surged to $X in 2021. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 215% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

Moldova (X tons) was the main destination for fresh fish fillet exports from Romania, accounting for a 91% share of total exports. Moreover, fresh fish fillet exports to Moldova exceeded the volume sent to the second major destination, Hungary (X tons), more than tenfold. The UK (X tons) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume to Moldova amounted to +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+18.8% per year) and the UK (+20.3% per year).

In value terms, Moldova ($X) remains the key foreign market for fresh or chilled fish fillets exports from Romania, comprising 95% of total exports. The second position in the ranking was held by Hungary ($X), with a 3.6% share of total exports. It was followed by the UK, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value to Moldova totaled +30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+20.7% per year) and the UK (+6.8% per year).

Export Prices by Country

The average fresh fish fillet export price stood at $X per ton in 2021, rising by 13% against the previous year. In general, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 an increase of 39% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the 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 Moldova ($X per ton), while the average price for exports to the UK ($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 (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Fish Fillet Imports

Imports into Romania

In 2021, the amount of fresh or chilled fish fillets imported into Romania surged to X tons, rising by 37% compared with the previous year's figure. In general, imports showed buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 60%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, fresh fish fillet imports soared to $X in 2021. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 95% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest fresh fish fillet supplier to Romania, with a 60% share of total imports. Moreover, fresh fish fillet imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Italy (X tons), ninefold. Denmark (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic stood at +75.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-15.7% per year) and Denmark (+72.8% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of fresh or chilled fish fillets to Romania, comprising 70% of total imports. The second position in the ranking was taken by Denmark ($X), with a 7.4% share of total imports. It was followed by Italy, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic totaled +94.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+78.1% per year) and Italy (-11.4% per year).

Import Prices by Country

In 2021, the average fresh fish fillet import price amounted to $X per ton, increasing by 4.2% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fresh fish fillet import price increased by +4.1% against 2018 indices. The growth pace was the most rapid in 2016 when the average import price increased by 22% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Bulgaria ($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 (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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