Romania: Honey Market 2024

Honey Market Size in Romania

After two years of growth, the Romanian honey market decreased by -1.3% to $X in 2022. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +14.7% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Honey Production in Romania

In value terms, honey production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 51%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Honey Exports

Exports from Romania

Honey exports from Romania was estimated at X tons in 2022, surging by 2.5% compared with the previous year's figure. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 18%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, honey exports reduced to $X in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 26% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Germany (X tons) was the main destination for honey exports from Romania, with a 37% share of total exports. Moreover, honey exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+4.4% per year) and Poland (+6.5% per year).

In value terms, Germany ($X) remains the key foreign market for honey exports from Romania, comprising 36% of total exports. The second position in the ranking was held by Italy ($X), with an 18% share of total exports. It was followed by Japan, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+6.6% per year) and Japan (+4.8% per year).

Export Prices by Country

The average honey export price stood at $X per ton in 2022, declining by -12.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2021 when the average export price increased by 31%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Bulgaria ($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 Bulgaria (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Honey Imports

Imports into Romania

In 2022, approx. X tons of honey were imported into Romania; with a decrease of -2% against the year before. In general, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 144% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, honey imports shrank to $X in 2022. Overall, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 93% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of honey to Romania, with a 50% share of total imports. Moreover, honey imports from China exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), fivefold. The third position in this ranking was held by Moldova (X tons), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+18.1% per year) and Moldova (+15.4% per year).

In value terms, China ($X), the Netherlands ($X) and Moldova ($X) appeared to be the largest honey suppliers to Romania, with a combined 57% share of total imports.

The Netherlands, with a CAGR of +67.1%, 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 honey import price stood at $X per ton in 2022, dropping by -6.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 72%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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