Romania: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Romania

For the fourth consecutive year, the Romanian market for salted, dried or smoked meat, and offal recorded growth in sales value, which increased by 16% to $X in 2022. The market value increased at an average annual rate of +4.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Salted, Dried or Smoked Meat, and Offal in Romania

In value terms, production of salted, dried or smoked meat, and offal soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Romania

In 2022, the amount of salted, dried or smoked meat, and offal exported from Romania rose significantly to X tons, increasing by 10% on 2021 figures. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 261%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of salted, dried or smoked meat, and offal soared to $X in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 280% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

The United States (X tons), the UK (X tons) and Italy (X tons) were the main destinations of exports of salted, dried or smoked meat, and offal from Romania, together comprising 66% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +241.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for salted, dried or smoked meat, and offal exports from Romania, comprising 64% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by Italy, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +211.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+34.5% per year) and Italy (+35.2% per year).

Export Prices by Country

The average export price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, picking up by 15% against the previous year. Over the period under review, the export price posted a buoyant increase. The growth pace was the most rapid in 2019 an increase of 152% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 Bulgaria (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Romania

In 2022, approx. X tons of salted, dried or smoked meat, and offal were imported into Romania; picking up by 17% against 2021 figures. In general, imports recorded resilient growth. The growth pace was the most rapid in 2014 with an increase of 82%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of salted, dried or smoked meat, and offal totaled $X in 2022. Overall, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2020 when imports increased by 72% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest salted, dried or smoked meat, and offal supplier to Romania, with a 32% share of total imports. Moreover, imports of salted, dried or smoked meat, and offal from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+32.1% per year) and the Netherlands (+13.2% per year).

In value terms, Germany ($X) constituted the largest supplier of salted, dried or smoked meat, and offal to Romania, comprising 38% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports. It was followed by Spain, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+18.8% per year) and Spain (+30.6% per year).

Import Prices by Country

In 2022, the average import price for salted, dried or smoked meat, and offal amounted to $X per ton, waning by -10.2% against the previous year. Over the period under review, the import price, however, enjoyed noticeable growth. The growth pace was the most rapid in 2017 an increase of 25% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform