Romania: Oil Crops Market 2024

Oil Crops Market Size in Romania

In 2022, the Romanian oil crops market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a resilient increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Oil Crops Production in Romania

In value terms, oil crops production reduced to $X in 2022 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Oil crops production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

In 2022, the average oil crops yield in Romania reduced to X tons per ha, waning by X% on the previous year. In general, the yield indicated a buoyant increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oil crops yield increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the yield increased by X%. Over the period under review, the average oil crops yield hit record highs at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The oil crops harvested area in Romania fell slightly to X ha in 2022, approximately reflecting the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X%. The oil crops harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Oil Crops Exports

Exports from Romania

In 2022, shipments abroad of oil crops (primary) increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, oil crops exports soared to $X in 2022. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X tons), Hungary (X tons) and Bulgaria (X tons) were the main destinations of oil crops exports from Romania, together accounting for X% of total exports. Germany, Belgium, France, Portugal, Turkey, Spain, the Czech Republic, Italy, Poland and Pakistan lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for oil crops exported from Romania were the Netherlands ($X), Hungary ($X) and Bulgaria ($X), with a combined X% share of total exports. Germany, France, Belgium, Portugal, Turkey, Italy, Spain, the Czech Republic, Poland and Pakistan lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average oil crops export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oil crops export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and France ($X per ton), while the average price for exports to Turkey ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Romania

Oil crops imports into Romania soared to X tons in 2022, surging by X% compared with the year before. In general, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, oil crops imports skyrocketed to $X in 2022. Over the period under review, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest oil crops supplier to Romania, accounting for a X% share of total imports. Moreover, oil crops imports from Ukraine exceeded the figures recorded by the second-largest supplier, Moldova (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Moldova (X% per year) and Brazil (X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of oil crops (primary) to Romania, comprising X% of total imports. The second position in the ranking was held by Moldova ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Moldova (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average oil crops import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price saw a perceptible setback. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then shrank sharply in the following year.

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

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

Source: IndexBox Platform

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