Romania: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Romania

The Romanian market for mixed condiments, sauses and seasonings rose rapidly to $X in 2022, increasing by 7.3% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +33.4% against 2020 indices. Mixed condiment, sause and seasoning consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Mixed Condiments, Sauses and Seasonings in Romania

In value terms, mixed condiment, sause and seasoning production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by 28%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Romania

In 2022, approx. X tons of mixed condiments, sauses and seasonings were exported from Romania; surging by 46% on the year before. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2019 when exports increased by 76% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, mixed condiment, sause and seasoning exports soared to $X in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 53% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X tons), Poland (X tons) and Germany (X tons) were the main destinations of mixed condiment, sause and seasoning exports from Romania, with a combined 51% share of total exports. France, Bulgaria, the Netherlands, Sweden, Austria, Italy, Moldova, Finland, Belgium and Hungary lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +192.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Poland ($X) and Germany ($X) were the largest markets for mixed condiment, sause and seasoning exported from Romania worldwide, together accounting for 52% of total exports. The Netherlands, France, Bulgaria, Moldova, Sweden, Belgium, Italy, Finland, Austria and Hungary lagged somewhat behind, together comprising a further 39%.

Among the main countries of destination, Finland, with a CAGR of +211.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for mixed condiments, sauses and seasonings amounted to $X per ton, reducing by -2.2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 35%. As a result, the export price reached the peak level of $X per ton, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Bulgaria ($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 Finland (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Romania

In 2022, imports of mixed condiments, sauses and seasonings into Romania surged to X tons, growing by 18% compared with 2021 figures. In general, imports recorded a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 24% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, mixed condiment, sause and seasoning imports soared to $X in 2022. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Hungary (X tons) and Slovakia (X tons) were the main suppliers of mixed condiment, sause and seasoning imports to Romania, together accounting for 56% of total imports. Poland, the Netherlands, Italy, Croatia, Austria, Switzerland, Spain, the UK, Turkey and the Czech Republic lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +62.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of mixed condiments, sauses and seasonings to Romania, comprising 28% of total imports. The second position in the ranking was taken by Hungary ($X), with a 13% share of total imports. It was followed by Slovakia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+13.8% per year) and Slovakia (+3.6% per year).

Import Prices by Country

The average import price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 16% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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