Romania: Market for Frozen Vegetables other than Potato and Corn 2024

Market Size for Frozen Vegetables other than Potato and Corn in Romania

The Romanian market for frozen vegetables other than potato and corn totaled $X in 2022, remaining constant against the previous year. Overall, consumption recorded a strong expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in years to come.

Production of Frozen Vegetables other than Potato and Corn in Romania

In value terms, production of frozen vegetables other than potato and corn surged to $X in 2022 estimated in export price. In general, production recorded a significant increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 437%. Production of peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Frozen Vegetables other than Potato and Corn

Exports from Romania

In 2022, overseas shipments of frozen vegetables other than potato and corn increased by 7.5% to X tons, rising for the second year in a row after two years of decline. In general, total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +14.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 81% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of frozen vegetables other than potato and corn fell slightly to $X in 2022. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +15.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 116% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for exports of frozen vegetables other than potato and corn from Romania, accounting for a 50% share of total exports. Moreover, exports of frozen vegetables other than potato and corn to Italy exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was held by Hungary (X tons), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+24.9% per year) and Hungary (+24.5% per year).

In value terms, Italy ($X) remains the key foreign market for frozen vegetables other than potato and corn exports from Romania, comprising 62% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by France, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.3% per year) and France (-5.5% per year).

Export Prices by Country

The average export price for frozen vegetables other than potato and corn stood at $X per ton in 2022, declining by -7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 an increase of 19% against the previous year. The export price peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Lebanon ($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 Italy (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Vegetables other than Potato and Corn

Imports into Romania

In 2022, purchases abroad of frozen vegetables other than potato and corn increased by 5.8% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 32% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of frozen vegetables other than potato and corn declined to $X in 2022. In general, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 25% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Poland (X tons), Belgium (X tons) and Hungary (X tons) were the main suppliers of imports of frozen vegetables other than potato and corn to Romania, together accounting for 68% of total imports. Egypt, Serbia, Italy, Germany, Greece, the Netherlands, Spain, the Czech Republic, Bulgaria and Austria lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +51.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Belgium ($X) and Hungary ($X) appeared to be the largest frozen vegetables other than potato and corn suppliers to Romania, with a combined 61% share of total imports. Italy, Greece, the Netherlands, Germany, Egypt, Serbia, the Czech Republic, Bulgaria, Spain and Austria lagged somewhat behind, together accounting for a further 33%.

Among the main suppliers, Egypt, with a CAGR of +44.1%, 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 2022, the average import price for frozen vegetables other than potato and corn amounted to $X per ton, reducing by -5.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 12%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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 Italy ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :