Romania: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Romania

In 2021, the Romanian market for protein concentrates and flavoured or coloured sugar syrups increased by 9.2% to $X, rising for the seventh consecutive year after two years of decline. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +89.9% against 2014 indices. Consumption of peaked in 2021 and is likely to continue growth in years to come.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Romania

In value terms, production of protein concentrates and flavoured or coloured sugar syrups fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 31% against the previous year. Production of peaked at $X in 2020, and then dropped in the following year.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Romania

In 2021, the amount of protein concentrates and flavoured or coloured sugar syrups exported from Romania surged to X tons, growing by 62% on 2020 figures. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 70%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. Overall, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for exports of protein concentrates and flavoured or coloured sugar syrups from Romania, with a 18% share of total exports. Moreover, exports of protein concentrates and flavoured or coloured sugar syrups to the UK exceeded the volume sent to the second major destination, Hungary (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +49.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+26.7% per year) and the United States (+43.2% per year).

In value terms, the UK ($X), Hungary ($X) and Italy ($X) appeared to be the largest markets for protein concentrate and flavoured or coloured sugar syrup exported from Romania worldwide, with a combined 32% share of total exports.

The UK, with a CAGR of +47.8%, saw 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 export price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, picking up by 4.2% against the previous year. Over the period under review, the export price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 14% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Germany ($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 Spain (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Romania

In 2021, approx. X tons of protein concentrates and flavoured or coloured sugar syrups were imported into Romania; reducing by -12.3% on the year before. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 27%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups surged to $X in 2021. In general, imports, however, continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Serbia (X tons) constituted the largest supplier of protein concentrate and flavoured or coloured sugar syrup to Romania, with a 31% share of total imports. Moreover, imports of protein concentrates and flavoured or coloured sugar syrups from Serbia exceeded the figures recorded by the second-largest supplier, Hungary (X tons), twofold. The third position in this ranking was taken by Slovakia (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Serbia stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+14.2% per year) and Slovakia (+16.3% per year).

In value terms, Hungary ($X), Greece ($X) and Germany ($X) were the largest protein concentrate and flavoured or coloured sugar syrup suppliers to Romania, together comprising 36% of total imports. Italy, Sweden, Serbia, Slovakia, the Netherlands, the Czech Republic, the United States, Belgium, Spain and Denmark lagged somewhat behind, together accounting for a further 54%.

Sweden, with a CAGR of +274.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, growing by 52% against the previous year. Over the period under review, the import price posted a buoyant expansion. As a result, import price reached the peak level 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 Czech Republic ($X per ton), while the price for Serbia ($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 (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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