Romania: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Romania

The Romanian market for frozen pig meat other than cuts or carcases expanded rapidly to $X in 2022, picking up by 14% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.9% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Romania

In value terms, production of frozen pig meat other than cuts or carcases soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 64%. As a result, production reached the peak level of $X. From 2017 to 2022, production of growth remained at a somewhat lower figure.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Romania

After four years of decline, overseas shipments of frozen pig meat other than cuts or carcases increased by 5.4% to X tons in 2022. In general, exports, however, saw a deep reduction. The growth pace was the most rapid in 2016 when exports increased by 250%. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of frozen pig meat other than cuts or carcases soared to $X in 2022. Over the period under review, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2016 when exports increased by 182%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for exports of frozen pig meat other than cuts or carcases from Romania, with a 34% share of total exports. Moreover, exports of frozen pig meat other than cuts or carcases to Poland exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland amounted to +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+20.3% per year) and Italy (+26.6% per year).

In value terms, the largest markets for frozen pig meat other than cuts or carcases exported from Romania were the Netherlands ($X), Poland ($X) and Italy ($X), together comprising 46% of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +18.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for frozen pig meat other than cuts or carcases amounted to $X per ton, rising by 54% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Cyprus ($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 Germany (+11.3%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Romania

Imports of frozen pig meat other than cuts or carcases into Romania reached X tons in 2022, surging by 8.5% against 2021. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 +23.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of frozen pig meat other than cuts or carcases surged to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest frozen pig meat other than cuts or carcases supplier to Romania, with a 35% share of total imports. Moreover, imports of frozen pig meat other than cuts or carcases from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+13.6% per year) and Poland (+21.4% per year).

In value terms, Germany ($X), Spain ($X) and Hungary ($X) constituted the largest frozen pig meat other than cuts or carcases suppliers to Romania, together accounting for 64% of total imports. Poland, the Netherlands, Italy, Denmark, Austria, France and Belgium lagged somewhat behind, together accounting for a further 34%.

Among the main suppliers, Poland, with a CAGR of +22.6%, 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

In 2022, the average import price for frozen pig meat other than cuts or carcases amounted to $X per ton, surging by 6.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 22%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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