Romania: Canned Food Market 2024

Canned Food Market Size in Romania

The Romanian canned food market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Canned food consumption peaked in 2021 and is likely to see gradual growth in years to come.

Canned Food Production in Romania

In value terms, canned food production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 20%. Canned food production peaked in 2021 and is likely to see steady growth in the near future.

Canned Food Exports

Exports from Romania

In 2021, overseas shipments of canned food increased by 11% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 24% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, canned food exports skyrocketed to $X in 2021. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 33% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The UK (X tons), Bulgaria (X tons) and Germany (X tons) were the main destinations of canned food exports from Romania, with a combined 46% share of total exports. Italy, Spain, France, Austria, Moldova, the Netherlands, Poland, Finland, Ireland and Hungary lagged somewhat behind, together comprising a further 47%.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +184.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canned food exported from Romania were the UK ($X), Germany ($X) and Bulgaria ($X), with a combined 40% share of total exports. These countries were followed by Italy, Austria, the Netherlands, France, Spain, Poland, Moldova, Finland, Ireland and Hungary, which together accounted for a further 49%.

Finland, with a CAGR of +228.0%, recorded the highest rates of growth with regard to 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

The average canned food export price stood at $X per ton in 2020, with an increase of 10% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Romania

For the tenth year in a row, Romania recorded growth in supplies from abroad of canned food, which increased by 1.8% to X tons in 2021. Overall, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 17%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, canned food imports reached $X in 2021. Over the period under review, imports showed strong growth. The pace of growth appeared the most rapid in 2013 when imports increased by 23%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

Hungary (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of canned food imports to Romania, with a combined 48% share of total imports. Turkey, Italy, Greece, the Czech Republic, Bulgaria, Spain, Egypt, France and the Netherlands lagged somewhat behind, together comprising a further 45%.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +67.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest canned food suppliers to Romania were Germany ($X), Poland ($X) and Hungary ($X), with a combined 49% share of total imports. Turkey, Italy, Greece, France, the Czech Republic, Spain, Bulgaria, the Netherlands and Egypt lagged somewhat behind, together comprising a further 40%.

Among the main suppliers, Egypt, with a CAGR of +66.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average canned food import price stood at $X per ton in 2020, rising by 3.9% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2018 an increase of 14% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain momentum.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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