Romania: Shelled Hazelnut Market 2024

Shelled Hazelnut Market Size in Romania

The Romanian shelled hazelnut market skyrocketed to $X in 2021, rising by 24% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Shelled Hazelnut Production in Romania

In value terms, shelled hazelnut production soared to $X in 2021 estimated in export price. Over the period under review, production showed a measured expansion. Shelled hazelnut production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Shelled Hazelnut Exports

Exports from Romania

In 2021, overseas shipments of shelled hazelnuts increased by 123% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, showed a sharp reduction. The pace of growth was the most pronounced in 2017 with an increase of 558% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, shelled hazelnut exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 474% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X tons) was the main destination for shelled hazelnut exports from Romania, with a 77% share of total exports. Moreover, shelled hazelnut exports to Hungary exceeded the volume sent to the second major destination, Italy (X tons), eightfold. The UK (X tons) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hungary totaled -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+9.3% per year) and the UK (+27.4% per year).

In value terms, Hungary ($X) remains the key foreign market for shelled hazelnuts exports from Romania, comprising 70% of total exports. The second position in the ranking was held by Italy ($X), with a 9.8% share of total exports. It was followed by the UK, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to Hungary stood at -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+13.4% per year) and the UK (+30.0% per year).

Export Prices by Country

The average shelled hazelnut export price stood at $X per ton in 2021, falling by -13.6% against the previous year. Overall, the export price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 182% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Hungary ($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 Poland (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Shelled Hazelnut Imports

Imports into Romania

Shelled hazelnut imports into Romania expanded remarkably to X tons in 2021, surging by 9.8% against the previous year's figure. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +12.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 20% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, shelled hazelnut imports dropped to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.6% against 2012 indices. The pace of growth appeared the most rapid in 2014 with an increase of 26%. Imports peaked at $X in 2020, and then dropped in the following year.

Imports by Country

In 2021, Hungary (X tons) constituted the largest supplier of shelled hazelnut to Romania, accounting for a 81% share of total imports. Moreover, shelled hazelnut imports from Hungary exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold. The third position in this ranking was taken by Bulgaria (X tons), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+24.4% per year) and Bulgaria (+37.6% per year).

In value terms, Hungary ($X) constituted the largest supplier of shelled hazelnuts to Romania, comprising 60% of total imports. The second position in the ranking was held by Italy ($X), with a 28% share of total imports. It was followed by Turkey, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value from Hungary stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+26.7% per year) and Turkey (+7.2% per year).

Import Prices by Country

In 2021, the average shelled hazelnut import price amounted to $X per ton, waning by -13.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 15%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform