Romania: Olive Oil Market 2025

Olive Oil Market Size in Romania

After two years of growth, the Romanian olive oil market decreased by -8.1% to $X in 2022. Over the period under review, consumption, however, enjoyed a strong expansion. Olive oil consumption peaked at $X in 2021, and then contracted in the following year.

Olive Oil Exports

Exports from Romania

Olive oil exports from Romania fell markedly to X tons in 2022, declining by -28.4% compared with the year before. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 226% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, olive oil exports contracted significantly to $X in 2022. In general, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by 391%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Moldova (X tons), Germany (X tons) and Bulgaria (X kg) were the main destinations of olive oil exports from Romania, together accounting for 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +58.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Moldova ($X) and Bulgaria ($X) appeared to be the largest markets for olive oil exported from Romania worldwide, with a combined 100% share of total exports.

Bulgaria, with a CAGR of +54.2%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average olive oil export price amounted to $X per ton, picking up by 7.6% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, olive oil export price decreased by -15.0% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 102%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Moldova ($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 (+50.1%), while the prices for the other major destinations experienced more modest paces of growth.

Olive Oil Imports

Imports into Romania

After four years of growth, purchases abroad of olive oil and its fractions decreased by -1.7% to X tons in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.5% against 2013 indices. The most prominent rate of growth was recorded in 2020 with an increase of 19%. Imports peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, olive oil imports shrank to $X in 2022. In general, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 24% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

Italy (X tons), Spain (X tons) and Greece (X tons) were the main suppliers of olive oil imports to Romania, with a combined 79% share of total imports. Germany, Bulgaria, France and the Czech Republic lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +35.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of olive oil and its fractions to Romania, comprising 42% of total imports. The second position in the ranking was taken by Spain ($X), with a 20% share of total imports. It was followed by Greece, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+13.9% per year) and Greece (+15.5% per year).

Import Prices by Country

The average olive oil import price stood at $X per ton in 2022, which is down by -7.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 an increase of 20%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Italy ($X per ton), while the price for Spain ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :