Romania: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Romania

The Romanian preparations for animal feeding market surged to $X in 2022, growing by 56% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Preparations Used In Animal Feeding in Romania

In value terms, preparations for animal feeding production skyrocketed to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Preparations Used In Animal Feeding

Exports from Romania

In 2022, approx. X tons of preparations used in animal feeding were exported from Romania; with an increase of 16% against the previous year. In general, exports showed a measured expansion. The pace of growth was the most pronounced in 2019 with an increase of 37%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, preparations for animal feeding exports expanded notably to $X in 2022. Over the period under review, exports continue to indicate strong growth. The growth pace was the most rapid in 2017 when exports increased by 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Moldova (X tons), Bulgaria (X tons) and Poland (X tons) were the main destinations of preparations for animal feeding exports from Romania, together accounting for 49% of total exports. Hungary, Germany, the Netherlands, Serbia, Bosnia and Herzegovina, Spain, Austria, Croatia, Italy and France lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +174.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preparations for animal feeding exported from Romania were Bulgaria ($X), Moldova ($X) and Hungary ($X), together accounting for 44% of total exports. Poland, Germany, Serbia, the Netherlands, Spain, Austria, Italy, Bosnia and Herzegovina, France and Croatia lagged somewhat behind, together accounting for a further 40%.

The Netherlands, with a CAGR of +151.0%, 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

The average preparations for animal feeding export price stood at $X per ton in 2022, waning by -8.8% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 39% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Italy (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Preparations Used In Animal Feeding

Imports into Romania

Preparations for animal feeding imports into Romania was estimated at X tons in 2022, picking up by 2.4% against 2021. Overall, imports showed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, preparations for animal feeding imports rose rapidly to $X in 2022. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of preparations for animal feeding to Romania, with a 61% share of total imports. Moreover, preparations for animal feeding imports from Hungary exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+23.4% per year) and Germany (+12.5% per year).

In value terms, Hungary ($X) constituted the largest supplier of preparations used in animal feeding to Romania, comprising 41% of total imports. The second position in the ranking was taken by Poland ($X), with an 18% share of total imports. It was followed by Germany, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value from Hungary amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+25.6% per year) and Germany (+12.9% per year).

Import Prices by Country

The average preparations for animal feeding import price stood at $X per ton in 2022, surging by 4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2021 an increase of 26% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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