Romania: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Romania

The Romanian market for powdered, condensed or evaporated milk skyrocketed to $X in 2022, with an increase of X% against the previous year. In general, consumption enjoyed significant growth. Powdered, condensed or evaporated milk consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Powdered, Condensed Or Evaporated Milk in Romania

In value terms, powdered, condensed or evaporated milk production declined slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate significant growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Powdered, condensed or evaporated milk production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Romania

In 2022, overseas shipments of powdered, condensed or evaporated milk were finally on the rise to reach X tons for the first time since 2014, thus ending a seven-year declining trend. In general, exports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, powdered, condensed or evaporated milk exports soared to $X in 2022. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Greece (X tons), Bulgaria (X tons) and Poland (X tons) were the main destinations of powdered, condensed or evaporated milk exports from Romania, with a combined X% 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 Poland (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Greece ($X), Bulgaria ($X) and Hungary ($X) appeared to be the largest markets for powdered, condensed or evaporated milk exported from Romania worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for powdered, condensed or evaporated milk amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, condensed or evaporated milk export price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to the Netherlands ($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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Romania

In 2022, the amount of powdered, condensed or evaporated milk imported into Romania skyrocketed to X tons, with an increase of X% compared with the previous year's figure. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, powdered, condensed or evaporated milk imports surged to $X in 2022. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of powdered, condensed or evaporated milk to Romania, with a X% share of total imports. Moreover, powdered, condensed or evaporated milk imports from Hungary exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Poland (X% per year).

In value terms, the largest powdered, condensed or evaporated milk suppliers to Romania were Poland ($X), the Netherlands ($X) and Ireland ($X), together comprising X% of total imports.

Ireland, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, shrinking by X% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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