Romania: Preserved Cows Meat Market 2024

Preserved Cows Meat Market Size in Romania

The Romanian preserved cows meat market rose significantly to $X in 2021, picking up by 6.8% against the previous year. Over the period under review, consumption posted prominent growth. Preserved cows meat consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Preserved Cows Meat Production in Romania

In value terms, preserved cows meat production shrank to $X in 2021 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.3% 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 +22.5% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 109% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then fell in the following year.

Preserved Cows Meat Exports

Exports from Romania

Preserved cows meat exports from Romania shrank significantly to X tons in 2021, with a decrease of -41.2% compared with the previous year. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 129% against the previous year. As a result, the exports reached the peak of X tons, and then reduced dramatically in the following year.

In value terms, preserved cows meat exports stood at $X in 2021. Overall, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 61% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for preserved cows meat exports from Romania, accounting for a 63% share of total exports. Moreover, preserved cows meat exports to the UK exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The third position in this ranking was taken by Hungary (X tons), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+70.9% per year) and Hungary (+44.9% per year).

In value terms, the UK ($X) remains the key foreign market for prepared or preserved meat or offal of bovine animals exports from Romania, comprising 57% of total exports. The second position in the ranking was taken by Germany ($X), with a 21% share of total exports. It was followed by France, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+81.4% per year) and France (+24.8% per year).

Export Prices by Country

The average preserved cows meat export price stood at $X per ton in 2021, jumping by 73% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved cows meat export price increased by +87.5% against 2017 indices. As a result, the export price attained 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 Germany ($X per ton), while the average price for exports to Hungary ($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 Germany (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Cows Meat Imports

Imports into Romania

In 2021, approx. X tons of prepared or preserved meat or offal of bovine animals were imported into Romania; surging by 5.7% against 2020. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 155%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, preserved cows meat imports surged to $X in 2021. Overall, imports recorded significant growth. The growth pace was the most rapid in 2013 when imports increased by 136% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of preserved cows meat imports to Romania, together accounting for 77% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +90.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest preserved cows meat suppliers to Romania, together accounting for 72% of total imports.

Poland, with a CAGR of +66.7%, recorded 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 preserved cows meat import price amounted to $X per ton, growing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2016 an increase of 23%. The import price peaked in 2021 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 ($X per ton), while the price for Serbia ($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 Netherlands (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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