Romania: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Romania

After four years of decline, the Romanian grape juice (single strength) market increased by 5,385% to $X in 2021. In general, consumption recorded a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Grape Juice (Single Strength) in Romania

In value terms, grape juice (single strength) production shrank to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 253%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Grape Juice (Single Strength)

Exports from Romania

In 2021, overseas shipments of grape juice (single strength) decreased by -57.1% to X tons, falling for the second consecutive year after six years of growth. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 8,171% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, grape juice (single strength) exports contracted notably to $X in 2021. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 8,275%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for grape juice (single strength) exports from Romania, with a 83% share of total exports. Moreover, grape juice (single strength) exports to Spain exceeded the volume sent to the second major destination, Moldova (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +114.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+1,872.7% per year) and Italy (-42.7% per year).

In value terms, the largest markets for grape juice (single strength) exported from Romania were Spain ($X), Moldova ($X) and Italy ($X), with a combined 99% share of total exports.

Among the main countries of destination, Moldova, with a CAGR of +1,693.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average grape juice (single strength) export price amounted to $X per ton, rising by 58% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced reduction. The growth pace was the most rapid in 2014 an increase of 62%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Spain ($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 Italy (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Grape Juice (Single Strength)

Imports into Romania

Grape juice (single strength) imports into Romania surged to X tons in 2021, increasing by 298% on the year before. Overall, imports recorded a buoyant expansion. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, grape juice (single strength) imports soared to $X in 2021. Over the period under review, imports saw buoyant growth. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest grape juice (single strength) supplier to Romania, accounting for a 63% share of total imports. Moreover, grape juice (single strength) imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. The third position in this ranking was held by Hungary (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.6% per year) and Hungary (+8.2% per year).

In value terms, Germany ($X) constituted the largest supplier of grape juice (single strength) to Romania, comprising 60% of total imports. The second position in the ranking was taken by France ($X), with a 25% share of total imports. It was followed by Hungary, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.5% per year) and Hungary (+10.0% per year).

Import Prices by Country

The average grape juice (single strength) import price stood at $X per ton in 2021, falling by -17.6% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average import price increased by 65%. The import price peaked at $X per ton in 2020, and then contracted remarkably in the following year.

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 France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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