Romania: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Romania

The Romanian non-wheat groats market contracted remarkably to $X in 2021, falling by -70.1% against the previous year. Overall, consumption faced a abrupt downturn. Non-wheat groats consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Non-Wheat Groats Production in Romania

In value terms, non-wheat groats production shrank significantly to $X in 2021 estimated in export price. Over the period under review, production faced a sharp slump. The pace of growth appeared the most rapid in 2020 when the production volume increased by 24% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Non-Wheat Groats Exports

Exports from Romania

After four years of growth, shipments abroad of groats and meal of cereals (excluding wheat) decreased by -6.6% to X tons in 2021. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 238% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-wheat groats exports amounted to $X in 2021. Over the period under review, exports recorded a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of 204% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Cameroon (X tons) was the main destination for non-wheat groats exports from Romania, accounting for a 53% share of total exports. Moreover, non-wheat groats exports to Cameroon exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), threefold. Poland (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cameroon amounted to +144.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+204.2% per year) and Poland (+137.5% per year).

In value terms, Cameroon ($X) remains the key foreign market for groats and meal of cereals (excluding wheat) exports from Romania, comprising 53% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 16% share of total exports. It was followed by Poland, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Cameroon amounted to +177.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+219.6% per year) and Poland (+131.0% per year).

Export Prices by Country

The average non-wheat groats export price stood at $X per ton in 2021, surging by 14% against the previous year. In general, the export price, however, continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2013 an increase of 28%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Greece ($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 Cameroon (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Groats Imports

Imports into Romania

Non-wheat groats imports into Romania surged to X tons in 2021, rising by 25% on the previous year. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 118% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, non-wheat groats imports skyrocketed to $X in 2021. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 108% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Hungary (X tons) constituted the largest supplier of non-wheat groats to Romania, accounting for a 72% share of total imports. Moreover, non-wheat groats imports from Hungary exceeded the figures recorded by the second-largest supplier, Greece (X tons), fivefold. Bulgaria (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+6.9% per year) and Bulgaria (+88.6% per year).

In value terms, Hungary ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to Romania, comprising 63% of total imports. The second position in the ranking was taken by Greece ($X), with a 19% share of total imports. It was followed by Bulgaria, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from Hungary amounted to +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+6.4% per year) and Bulgaria (+86.5% per year).

Import Prices by Country

In 2021, the average non-wheat groats import price amounted to $X per ton, jumping by 23% against the previous year. In general, the import price, however, continues to indicate a perceptible curtailment. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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