Romania: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Romania

The Romanian sauce and seasoning market skyrocketed to $X in 2021, increasing by 23% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +87.6% against 2012 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sauce And Seasoning Production in Romania

In value terms, sauce and seasoning production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 16% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then declined slightly in the following year.

Sauce And Seasoning Exports

Exports from Romania

In 2021, overseas shipments of sauces and seasonings decreased by -11.4% to X tons for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 52% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then shrank in the following year.

In value terms, sauce and seasoning exports soared to $X in 2021. Overall, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 47%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The UK (X tons), Poland (X tons) and Germany (X tons) were the main destinations of sauce and seasoning exports from Romania, together comprising 55% of total exports. Bulgaria, Italy, Hungary, the Netherlands, Moldova, France, Spain, Sweden, Austria and Finland lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +158.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sauce and seasoning exported from Romania were the UK ($X), Poland ($X) and Germany ($X), with a combined 58% share of total exports. These countries were followed by Bulgaria, the Netherlands, Moldova, Italy, France, Hungary, Austria, Spain, Sweden and Finland, which together accounted for a further 34%.

Finland, with a CAGR of +183.3%, recorded the highest rates of growth with regard to 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 sauce and seasoning export price stood at $X per ton in 2021, growing by 40% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports into Romania

In 2021, approx. X tons of sauces and seasonings were imported into Romania; surging by 6.4% on 2020 figures. In general, imports saw a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 21% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, sauce and seasoning imports soared to $X in 2021. Overall, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Hungary (X tons), Germany (X tons) and Slovakia (X tons) were the main suppliers of sauce and seasoning imports to Romania, together comprising 47% of total imports. These countries were followed by Poland, Italy, the Netherlands, Austria, Belgium, Croatia, France, Spain, the UK and Switzerland, which together accounted for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +64.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and Slovakia ($X) constituted the largest sauce and seasoning suppliers to Romania, together accounting for 46% of total imports. Poland, the Netherlands, Italy, Austria, France, Belgium, the UK, Croatia, Spain and Switzerland lagged somewhat behind, together accounting for a further 45%.

Croatia, with a CAGR of +51.3%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average sauce and seasoning import price amounted to $X per ton, picking up by 17% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, 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 the UK ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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