Report Update Nov 1, 2024

Romania - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Romania: Rennet Market 2024

Rennet Market Size in Romania

The Romanian rennet market reduced notably to $X in 2021, which is down by -85% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed resilient growth. As a result, consumption attained the peak level of $X, and then plummeted in the following year.

Rennet Exports

Exports from Romania

In 2021, overseas shipments of rennet and concentrates thereof decreased by -18.3% to X tons for the first time since 2015, thus ending a five-year rising trend. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 202%. The exports peaked at X tons in 2020, and then declined markedly in the following year.

In value terms, rennet exports amounted to $X in 2021. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 529% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Moldova (X tons) was the main destination for rennet exports from Romania, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Moldova totaled +50.3%.

In value terms, Moldova ($X) also remains the key foreign market for rennet and concentrates thereof exports from Romania.

From 2012 to 2021, the average annual rate of growth in terms of value to Moldova totaled +62.5%.

Export Prices by Country

In 2021, the average rennet export price amounted to $X per ton, jumping by 24% against the previous year. Over the period under review, the export price recorded a buoyant increase. The growth pace was the most rapid in 2014 when the average export price increased by 108% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Moldova amounted to +8.1% per year.

Rennet Imports

Imports into Romania

In 2021, the amount of rennet and concentrates thereof imported into Romania declined notably to X tons, dropping by -83.4% against the previous year's figure. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 840%. As a result, imports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, rennet imports declined remarkably to $X in 2021. In general, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 1,307%. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2021, Italy (X tons) constituted the largest rennet supplier to Romania, accounting for a 82% share of total imports. Moreover, rennet imports from Italy exceeded the figures recorded by the second-largest supplier, Greece (X tons), more than tenfold. Denmark (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +85.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+57.1% per year) and Denmark (-20.2% per year).

In value terms, Italy ($X) constituted the largest supplier of rennet and concentrates thereof to Romania, comprising 79% of total imports. The second position in the ranking was held by Denmark ($X), with a 6.7% share of total imports. It was followed by Greece, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +93.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-18.3% per year) and Greece (+32.7% per year).

Import Prices by Country

In 2021, the average rennet import price amounted to $X per ton, with a decrease of -16.2% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 50% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 Denmark ($X per ton), while the price for the Netherlands ($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 (+5.4%), 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 rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet consumption in 2020 were China, the United States and India, with a combined 40% share of global consumption. Japan, Pakistan, Germany, Italy, Brazil, Indonesia, Turkey, France, the UK and Mexico lagged somewhat behind, together accounting for a further 33%.

What are the largest producers of rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet production in 2020 were China, the United States and India, together accounting for 40% of global production. Germany, Japan, Pakistan, Italy, Brazil, Indonesia, Turkey, Denmark, France and Mexico lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of rennet and concentrates thereof to Romania?

In value terms, Denmark constituted the largest supplier of rennet to Romania, comprising 87% of total imports. The second position in the ranking was occupied by Italy, with a 9.9% share of total imports.

What are the leading importers of rennet and concentrates thereof from Romania?

In value terms, Moldova remains the key foreign market for rennet exports from Romania, comprising 86% of total exports. The second position in the ranking was occupied by Ukraine, with a 14% share of total exports.

What is the average export price for rennet and concentrates thereof in Romania?

The average rennet export price stood at $24,171 per ton in 2020, reducing by -12.6% against the previous year.

What is the average import price for rennet and concentrates thereof in Romania?

The average rennet import price stood at $9,424 per ton in 2020, with an increase of 14% against the previous year.

This report provides an in-depth analysis of the rennet 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 20146450 - Rennet and concentrates thereof

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