Romania: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Romania

The Romanian inedible fish products market declined to $X in 2022, falling by -2.6% against the previous year. In general, consumption continues to indicate a slight contraction. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Inedible Fish Products Production in Romania

In value terms, inedible fish products production fell to $X in 2022 estimated in export price. In general, production showed a noticeable curtailment. The growth pace was the most rapid in 2015 when the production volume increased by 25% against the previous year. Inedible fish products production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Inedible Fish Products Exports

Exports from Romania

In 2022, approx. X tons of inedible fish products were exported from Romania; jumping by 30% compared with the previous year. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 3,900% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, inedible fish products exports shrank notably to $X in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 1,729%. The exports peaked at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Greece (X tons) was the main destination for inedible fish products exports from Romania, accounting for a 91% share of total exports. Moreover, inedible fish products exports to Greece exceeded the volume sent to the second major destination, the United States (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Greece stood at +101.2%.

In value terms, Greece ($X) and the United States ($X) constituted the largest markets for inedible fish products exported from Romania worldwide.

Greece, with a CAGR of +95.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average inedible fish products export price stood at $X per ton in 2022, which is down by -78.5% against the previous year. In general, the export price faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 369% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Greece amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (-2.9%), while the prices for the other major destinations experienced a decline.

Inedible Fish Products Imports

Imports into Romania

In 2022, overseas purchases of inedible fish products decreased by -13.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 242% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, inedible fish products imports shrank notably to $X in 2022. In general, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 156%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) was the main supplier of inedible fish products to Romania, accounting for a 97% share of total imports. It was followed by Hungary (X tons), with a 0.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +167.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-13.4% per year) and Denmark (-8.8% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of inedible fish products to Romania, comprising 48% of total imports. The second position in the ranking was held by Hungary ($X), with a 3.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +78.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-10.9% per year) and Denmark (-26.7% per year).

Import Prices by Country

The average inedible fish products import price stood at $X per ton in 2022, waning by -20.3% against the previous year. Over the period under review, the import price faced a dramatic decrease. The most prominent rate of growth was recorded in 2019 an increase of 97% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Hungary ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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