Romania: Gingerbread Market 2024

Gingerbread Market Size in Romania

The Romanian gingerbread market stood at $X in 2022, rising by 3% against the previous year. Over the period under review, consumption posted a strong expansion. Gingerbread consumption peaked in 2022 and is expected to retain growth in years to come.

Gingerbread Production in Romania

In value terms, gingerbread production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 366%. Gingerbread production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Gingerbread Exports

Exports from Romania

For the seventh consecutive year, Romania recorded growth in overseas shipments of gingerbread, which increased by 7.9% to X tons in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2016 when exports increased by 97%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, gingerbread exports rose markedly to $X in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 75% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The UK (X tons), Poland (X tons) and Spain (X tons) were the main destinations of gingerbread exports from Romania, together accounting for 63% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +356.3%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the UK ($X) and Italy ($X) were the largest markets for gingerbread exported from Romania worldwide, together comprising 68% of total exports.

Poland, with a CAGR of +402.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gingerbread export price stood at $X per ton in 2022, picking up by 4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 18% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Spain ($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 Poland (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

Gingerbread Imports

Imports into Romania

Gingerbread imports into Romania expanded significantly to X tons in 2022, increasing by 10% compared with 2021 figures. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 32%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, gingerbread imports expanded remarkably to $X in 2022. In general, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by 33% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of gingerbread to Romania, with a 50% share of total imports. Moreover, gingerbread imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Greece (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.7% per year) and Greece (+80.2% per year).

In value terms, the largest gingerbread suppliers to Romania were Poland ($X), Greece ($X) and Germany ($X), together accounting for 81% of total imports. Ukraine, Moldova and Hungary lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, Ukraine, with a CAGR of +191.4%, 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

In 2022, the average gingerbread import price amounted to $X per ton, with a decrease of -1.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 21%. The import price peaked at $X per ton in 2021, and then shrank slightly 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 Greece ($X per ton), while the price for Moldova ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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