Romania: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Romania

For the sixth consecutive year, the Romanian prepared dish and meal market recorded growth in sales value, which increased by 45% to $X in 2021. In general, consumption showed a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Prepared Dishes And Meals in Romania

In value terms, prepared dish and meal production stood at $X in 2021 estimated in export price. In general, production, however, saw a pronounced decrease. The growth pace was the most rapid in 2015 with an increase of 23%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Prepared Dishes And Meals

Exports from Romania

In 2021, shipments abroad of prepared dishes and meals decreased by -23.6% to X tons, falling for the third consecutive year after seven years of growth. Overall, total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -33.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 24%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, prepared dish and meal exports rose rapidly to $X in 2021. In general, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +14.6% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 30%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Bulgaria (X tons), Germany (X tons) and Poland (X tons) were the main destinations of prepared dish and meal exports from Romania, together comprising 33% of total exports. These countries were followed by Moldova, the UK, Greece, Denmark, Hungary, Ukraine, the Netherlands, France, Croatia and Serbia, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +23.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for prepared dishes and meals exports from Romania, comprising 23% of total exports. The second position in the ranking was taken by the UK ($X), with an 8.9% share of total exports. It was followed by Denmark, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+4.4% per year) and Denmark (+0.1% per year).

Export Prices by Country

In 2021, the average prepared dish and meal export price amounted to $X per ton, increasing by 41% against the previous year. Overall, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared dish and meal export price increased by +67.1% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Bulgaria ($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 Greece (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Romania

In 2021, approx. X tons of prepared dishes and meals were imported into Romania; with an increase of 21% compared with 2020 figures. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal imports skyrocketed to $X in 2021. Overall, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of prepared dish and meal imports to Romania, with a combined 51% share of total imports. Bulgaria, Hungary, Denmark, the Netherlands, the Czech Republic, Israel, Austria, Slovakia, Belgium and Croatia lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +22.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared dish and meal suppliers to Romania were Poland ($X), Germany ($X) and the Netherlands ($X), with a combined 34% share of total imports. Hungary, Italy, the Czech Republic, Bulgaria, Denmark, Austria, Belgium, Israel, Slovakia and Croatia lagged somewhat behind, together comprising a further 40%.

Among the main suppliers, Bulgaria, with a CAGR of +28.8%, saw 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 2021, the average prepared dish and meal import price amounted to $X per ton, rising by 5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2020 an increase of 10% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Slovakia ($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 (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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