Romania: Prepared Mustard Market 2024

Prepared Mustard Market Size in Romania

The Romanian prepared mustard market expanded markedly to $X in 2021, increasing by 5.6% against the previous year. Overall, the total consumption indicated a prominent 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 +33.3% against 2018 indices. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Prepared Mustard Production in Romania

In value terms, prepared mustard production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +78.2% against 2012 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 22% against the previous year. Prepared mustard production peaked at $X in 2020, and then fell modestly in the following year.

Prepared Mustard Exports

Exports from Romania

In 2021, overseas shipments of prepared mustard decreased by -46.1% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 18%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, prepared mustard exports shrank dramatically to $X in 2021. Overall, total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 27%. Over the period under review, the exports hit record highs at $X in 2020, and then shrank rapidly in the following year.

Exports by Country

The UK (X tons), Spain (X tons) and Hungary (X tons) were the main destinations of prepared mustard exports from Romania, together comprising 56% of total exports. Italy, Germany, France, Bulgaria, Belgium, Moldova, Poland and the Czech Republic lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +141.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Italy ($X) and Spain ($X) constituted the largest markets for prepared mustard exported from Romania worldwide, together accounting for 58% of total exports. Hungary, Germany, Bulgaria, France, Moldova, Belgium, Poland and the Czech Republic lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, Belgium, with a CAGR of +140.1%, saw the highest growth rate of 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 2021, the average prepared mustard export price amounted to $X per ton, jumping by 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to France ($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 Poland (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Romania

In 2021, imports of prepared mustard into Romania surged to X tons, rising by 31% on the year before. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.8% against 2013 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared mustard imports soared to $X in 2021. Over the period under review, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Hungary (X tons) and the Netherlands (X tons) were the main suppliers of prepared mustard imports to Romania, with a combined 78% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +85.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of prepared mustard to Romania, comprising 48% of total imports. The second position in the ranking was held by Hungary ($X), with a 17% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Poland stood at +36.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-1.9% per year) and France (+7.5% per year).

Import Prices by Country

The average prepared mustard import price stood at $X per ton in 2021, surging by 7.8% against the previous year. Over the last nine years, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2020 when the average import price increased by 19%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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