Romania: Frozen Fish Market 2024

Frozen Fish Market Size in Romania

In 2022, the Romanian frozen fish market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Frozen fish consumption peaked in 2022 and is likely to continue growth in years to come.

Frozen Fish Production in Romania

In value terms, frozen fish production rose notably to $X in 2022 estimated in export price. In general, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Frozen Fish Exports

Exports from Romania

For the fourth consecutive year, Romania recorded growth in overseas shipments of frozen fish, which increased by X% to X tons in 2022. Over the period under review, exports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, frozen fish exports expanded remarkably to $X in 2022. In general, exports recorded a modest expansion. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Moldova (X tons) was the main destination for frozen fish exports from Romania, accounting for a X% share of total exports. Moreover, frozen fish exports to Moldova exceeded the volume sent to the second major destination, the UK (X tons), sixfold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Moldova amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

In value terms, Moldova ($X) remains the key foreign market for frozen fish exports from Romania, comprising X% of total exports. The second position in the ranking was held by Austria ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Moldova stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Sweden (X% per year).

Export Prices by Country

The average frozen fish export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price showed a resilient increase. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Romania

In 2022, supplies from abroad of frozen fish increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, frozen fish imports skyrocketed to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest frozen fish supplier to Romania, accounting for a X% share of total imports. Moreover, frozen fish imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Poland (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of frozen fish to Romania, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average frozen fish import price amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish import price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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