Romania: Frozen Pork Cut Market 2024

Frozen Pork Cut Market Size in Romania

The Romanian frozen pork cut market skyrocketed to $X in 2022, with an increase of 38% against the previous year. Overall, consumption posted a remarkable increase. Frozen pork cut consumption peaked in 2022 and is expected to retain growth in the immediate term.

Frozen Pork Cut Production in Romania

In value terms, frozen pork cut production rose to $X in 2022 estimated in export price. Overall, production showed slight growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 600% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Frozen Pork Cut Exports

Exports from Romania

Frozen pork cut exports from Romania contracted notably to X tons in 2022, falling by -76.4% against the previous year's figure. In general, exports saw a precipitous descent. The growth pace was the most rapid in 2014 when exports increased by 304% 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 stood at a somewhat lower figure.

In value terms, frozen pork cut exports declined significantly to $X in 2022. Overall, exports faced a sharp decline. The pace of growth appeared the most rapid in 2014 with an increase of 324% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for frozen pork cut exports from Romania, accounting for a 80% share of total exports. Moreover, frozen pork cut exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold. The UK (X kg) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-62.7% per year) and the UK (-37.7% per year).

In value terms, Germany ($X) remains the key foreign market for frozen hams, shoulders and cuts of pig meat exports from Romania, comprising 68% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 8.8% share of total exports. It was followed by Austria, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-46.1% per year) and Austria (-26.5% per year).

Export Prices by Country

In 2022, the average frozen pork cut export price amounted to $X per ton, reducing by -34.6% against the previous year. Overall, the export price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 108% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 China (+62.8%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Pork Cut Imports

Imports into Romania

Frozen pork cut imports into Romania skyrocketed to X tons in 2022, increasing by 45% compared with the previous year. In general, imports showed tangible growth. The pace of growth was the most pronounced in 2018 with an increase of 57%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, frozen pork cut imports soared to $X in 2022. Overall, imports showed a perceptible expansion. The most prominent rate of growth was recorded in 2016 with an increase of 64%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Poland (X tons) and Hungary (X tons) were the main suppliers of frozen pork cut imports to Romania, with a combined 68% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +37.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Hungary ($X) were the largest frozen pork cut suppliers to Romania, with a combined 67% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +35.9%, saw the highest rates of growth with regard to 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 frozen pork cut import price stood at $X per ton in 2022, reducing by -5.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Austria ($X per ton) and Denmark ($X per ton), while the price for Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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