Romania: Preserved Turkey Market 2024

Preserved Turkey Market Size in Romania

The Romanian preserved turkey market surged to $X in 2021, rising by 42% against the previous year. In general, consumption showed a resilient expansion. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in years to come.

Preserved Turkey Production in Romania

In value terms, preserved turkey production skyrocketed to $X in 2021 estimated in export price. Overall, production posted a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 151% against the previous year. Over the period under review, production attained the maximum level in 2021 and is likely to continue growth in the near future.

Preserved Turkey Exports

Exports from Romania

In 2021, the amount of prepared or preserved meat or offal of turkeys exported from Romania soared to X tons, rising by 142% compared with the year before. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved turkey exports soared to $X in 2021. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Austria (X tons), Germany (X tons) and Croatia (X tons) were the main destinations of preserved turkey exports from Romania, together accounting for 88% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +831.8%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for preserved turkey exported from Romania worldwide, with a combined 88% share of total exports. Croatia, Italy and Hungary lagged somewhat behind, together accounting for a further 7.2%.

Croatia, with a CAGR of +1,035.4%, recorded the highest growth rate of the value of exports, among 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 2021, the average preserved turkey export price amounted to $X per ton, surging by 7.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 an increase of 22% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Hungary ($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 Croatia (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Turkey Imports

Imports into Romania

In 2021, purchases abroad of prepared or preserved meat or offal of turkeys increased by 38% to X tons, rising for the third year in a row after two years of decline. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume 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, imports increased by +72.9% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved turkey imports skyrocketed to $X in 2021. Over the period under review, imports posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Hungary (X tons) constituted the largest preserved turkey supplier to Romania, with a 67% share of total imports. Moreover, preserved turkey imports from Hungary exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from Hungary stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+17.0% per year) and Germany (+17.9% per year).

In value terms, Hungary ($X) constituted the largest supplier of prepared or preserved meat or offal of turkeys to Romania, comprising 52% of total imports. The second position in the ranking was taken by Poland ($X), with a 22% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Hungary totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+16.1% per year) and Germany (+26.9% per year).

Import Prices by Country

The average preserved turkey import price stood at $X per ton in 2021, rising 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 was the most pronounced in 2017 an increase of 14% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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