Romania: Hazelnut Market 2024

Hazelnut Market Size in Romania

In 2021, the Romanian hazelnut market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption recorded a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hazelnut Production in Romania

In value terms, hazelnut production declined to $X in 2021 estimated in export price. Overall, production, however, showed a resilient increase. The growth pace was the most rapid in 2014 with an increase of 236% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

In 2021, the average yield of hazelnuts in Romania fell significantly to X tons per ha, with a decrease of -48.9% on the year before. In general, the yield saw a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 730%. As a result, the yield reached the peak level of X tons per ha, and then declined rapidly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The hazelnut harvested area in Romania reached X ha in 2021, increasing by 13% compared with the year before. Over the period under review, the harvested area posted significant growth. The most prominent rate of growth was recorded in 2014 when the harvested area increased by 149%. The hazelnut harvested area peaked at X ha in 2019; however, from 2020 to 2021, the harvested area failed to regain momentum.

Hazelnut Exports

Exports from Romania

In 2021, hazelnut exports from Romania contracted remarkably to X tons, which is down by -73.6% against 2020 figures. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 646% against the previous year. As a result, the exports attained the peak of X tons, and then declined notably in the following year.

In value terms, hazelnut exports reduced remarkably to $X in 2021. Overall, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2020 when exports increased by 657% against the previous year. As a result, the exports attained the peak of $X, and then declined markedly in the following year.

Exports by Country

Italy (X tons) was the main destination for hazelnut exports from Romania, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +271.0%.

In value terms, Italy ($X) also remains the key foreign market for hazelnut exports from Romania.

From 2012 to 2021, the average annual growth rate of value to Italy stood at +262.2%.

Export Prices by Country

The average hazelnut export price stood at $X per ton in 2021, with an increase of 15% against the previous year. In general, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of 90%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to -2.4% per year.

Hazelnut Imports

Imports into Romania

Hazelnut imports into Romania surged to X tons in 2021, increasing by 33% against 2020. In general, imports continue to indicate a strong increase. The growth pace was the most rapid in 2014 with an increase of 266% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, hazelnut imports soared to $X in 2021. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 179%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

Slovakia (X tons), Poland (X tons) and Greece (X tons) were the main suppliers of hazelnut imports to Romania, together accounting for 91% of total imports. Bulgaria, Hungary, Germany and Italy lagged somewhat behind, together accounting for a further 6.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +147.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Poland ($X) and Greece ($X) appeared to be the largest hazelnut suppliers to Romania, with a combined 86% share of total imports. Bulgaria, Germany, Hungary and Italy lagged somewhat behind, together accounting for a further 10%.

Hungary, with a CAGR of +154.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hazelnut import price stood at $X per ton in 2021, surging by 14% against the previous year. In general, the import price, however, saw a perceptible decline. The growth pace was the most rapid in 2013 an increase of 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Greece ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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