Romania: Lactose Market 2024

Lactose Market Size in Romania

The Romanian lactose market surged to $X in 2022, growing by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a resilient increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Lactose Exports

Exports from Romania

In 2022, overseas shipments of lactose and lactose syrup increased by 140% to X tons, rising for the fourth year in a row after three years of decline. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 789% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, lactose exports surged to $X in 2022. In general, exports enjoyed a resilient increase. The growth pace was the most rapid in 2019 with an increase of 532% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Bulgaria (X tons) was the main destination for lactose exports from Romania, with a 61% share of total exports. Moreover, lactose exports to Bulgaria exceeded the volume sent to the second major destination, Spain (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria totaled +72.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+32.0% per year) and Poland (+55.1% per year).

In value terms, Bulgaria ($X) emerged as the key foreign market for lactose and lactose syrup exports from Romania, comprising 68% of total exports. The second position in the ranking was held by Spain ($X), with a 12% share of total exports. It was followed by Poland, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bulgaria totaled +101.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-16.5% per year) and Poland (+66.9% per year).

Export Prices by Country

In 2022, the average lactose export price amounted to $X per ton, declining by -3.3% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lactose export price decreased by -16.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 103%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lactose Imports

Imports into Romania

In 2022, approx. X tons of lactose and lactose syrup were imported into Romania; rising by 45% compared with the previous year. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lactose imports rose remarkably to $X in 2022. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 82% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), France (X tons) and Spain (X tons) were the main suppliers of lactose imports to Romania, together comprising 65% of total imports. Germany, the Netherlands, Austria, Slovakia and Denmark lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +69.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and France ($X) were the largest lactose suppliers to Romania, together accounting for 61% of total imports. Poland, Austria, the Netherlands, Slovakia and Denmark lagged somewhat behind, together comprising a further 33%.

Slovakia, with a CAGR of +59.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average lactose import price amounted to $X per ton, with a decrease of -23.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 32%. The import price peaked at $X per ton in 2021, and then contracted remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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