Report Update Nov 1, 2024

Romania - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends and Insights

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Romania: Refined Groundnut Oil Market 2024

Refined Groundnut Oil Market Size in Romania

The Romanian refined groundnut oil market declined modestly to $X in 2021, approximately mirroring the previous year. Overall, consumption, however, recorded a prominent increase. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Refined Groundnut Oil Production in Romania

In value terms, refined groundnut oil production reduced to $X in 2021 estimated in export price. In general, production, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 59%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Refined Groundnut Oil Exports

Exports from Romania

Refined groundnut oil exports from Romania surged to X kg in 2021, rising by 116% on 2020. Over the period under review, exports, however, saw a abrupt contraction. The growth pace was the most rapid in 2019 when exports increased by 3,247%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, refined groundnut oil exports soared to $X in 2021. Overall, exports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2019 when exports increased by 2,887% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X kg) was the main destination for refined groundnut oil exports from Romania, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria totaled +11.0%.

In value terms, Bulgaria ($X) emerged as the key foreign market for refined groundnut oil exports from Romania.

From 2012 to 2021, the average annual rate of growth in terms of value to Bulgaria amounted to +10.3%.

Export Prices by Country

The average refined groundnut oil export price stood at $X per ton in 2021, dropping by -26.8% against the previous year. In general, the export price, however, saw prominent growth. The pace of growth was the most pronounced in 2020 an increase of 145% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for Bulgaria.

From 2012 to 2021, the rate of growth in terms of prices for Italy amounted to +281.4% per year.

Refined Groundnut Oil Imports

Imports into Romania

In 2021, after two years of growth, there was significant decline in purchases abroad of refined groundnut oil, when their volume decreased by -47% to X tons. Overall, imports, however, showed prominent growth. The growth pace was the most rapid in 2016 with an increase of 317%. Imports peaked at X tons in 2020, and then contracted significantly in the following year.

In value terms, refined groundnut oil imports dropped to $X in 2021. Over the period under review, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2016 with an increase of 278%. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of refined groundnut oil to Romania, accounting for a 67% share of total imports. Moreover, refined groundnut oil imports from France exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was held by Greece (X tons), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France amounted to +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+40.1% per year) and Greece (+21.1% per year).

In value terms, France ($X) constituted the largest supplier of refined groundnut oil to Romania, comprising 63% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by Greece, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+50.8% per year) and Greece (+45.8% per year).

Import Prices by Country

In 2021, the average refined groundnut oil import price amounted to $X per ton, rising by 73% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+420.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined groundnut oil in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 30% of global consumption. Japan, Germany, Pakistan, Brazil, Indonesia, Bangladesh, the UK, France, Nigeria and Mexico lagged somewhat behind, together accounting for a further 24%.

What are the largest producers of refined groundnut oil in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 32% of global production. These countries were followed by Japan, Germany, Brazil, Pakistan, Indonesia, Bangladesh, France, the UK, Nigeria and Mexico, which together accounted for a further 25%.

What are the leading suppliers of refined groundnut oil to Romania?

In value terms, France constituted the largest supplier of refined groundnut oil to Romania, comprising 63% of total imports. The second position in the ranking was occupied by Italy, with a 12% share of total imports. It was followed by Greece, with a 9.2% share.

What are the leading importers of refined groundnut oil from Romania?

In value terms, Bulgaria remains the key foreign market for refined groundnut oil exports from Romania.

What is the average export price for refined groundnut oil in Romania?

The average refined groundnut oil export price stood at $10,309 per ton in 2021, rising by 66% against the previous year.

What is the average import price for refined groundnut oil in Romania?

The average refined groundnut oil import price stood at $3,711 per ton in 2021, surging by 73% against the previous year.

This report provides an in-depth analysis of the refined groundnut oil market in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)

Country coverage:

Romania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Romania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023