Romania: Refined Palm Oil Market 2025

Refined Palm Oil Market Size in Romania

The Romanian refined palm oil market rose remarkably to $X in 2022, growing by 6.1% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.7% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Refined Palm Oil Production in Romania

In value terms, refined palm oil production stood at $X in 2022 estimated in export price. Over the period under review, production posted a tangible increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 40% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Refined Palm Oil Exports

Exports from Romania

In 2022, approx. X tons of refined palm oil were exported from Romania; which is down by -9.4% against the previous year's figure. In general, exports faced a sharp reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 587%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, refined palm oil exports contracted to $X in 2022. Overall, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 234%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X tons), Bulgaria (X tons) and Serbia (X tons) were the main destinations of refined palm oil exports from Romania, with a combined 83% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +45.0%), while the other leaders experienced a decline.

In value terms, the largest markets for refined palm oil exported from Romania were Slovakia ($X), Greece ($X) and Serbia ($X), with a combined 74% share of total exports.

Among the main countries of destination, Serbia, with a CAGR of +71.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average refined palm oil export price stood at $X per ton in 2022, increasing by 6.8% against the previous year. Over the period under review, the export price saw a remarkable increase. The pace of growth appeared the most rapid in 2018 an increase of 105%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Palm Oil Imports

Imports into Romania

In 2022, the amount of refined palm oil imported into Romania rose slightly to X tons, with an increase of 2.3% against 2021 figures. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 80%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, refined palm oil imports skyrocketed to $X in 2022. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X tons), Italy (X tons) and Bulgaria (X tons) were the main suppliers of refined palm oil imports to Romania, together accounting for 57% of total imports. Greece, Turkey, Malaysia, Germany, Croatia and Indonesia lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +62.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest refined palm oil suppliers to Romania were the Netherlands ($X), Bulgaria ($X) and Italy ($X), together accounting for 55% of total imports. Turkey, Greece, Malaysia, Germany, Croatia and Indonesia lagged somewhat behind, together comprising a further 36%.

Croatia, with a CAGR of +80.2%, 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 refined palm oil import price stood at $X per ton in 2022, growing by 34% against the previous year. Over the period under review, the import price recorded a moderate increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 59% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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