Romania: Sugar Crop Market 2024

Sugar Crop Market Size in Romania

The Romanian sugar crop market shrank to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Sugar Crop Production in Romania

In value terms, sugar crop production reduced dramatically to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Sugar crop production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

In 2022, the average sugar crop yield in Romania contracted to X tons per ha, waning by X% compared with the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the average sugar crop yield reached the maximum level at X tons per ha in 2017; however, from 2018 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sugar crops in Romania amounted to X ha, with an increase of X% on the previous year's figure. In general, the harvested area, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2017 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to sugar crop production attained the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Sugar Crop Exports

Exports from Romania

In 2022, after three years of decline, there was significant decline in overseas shipments of sugar crops, when their volume decreased by X% to X kg. In general, exports showed a sharp descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sugar crop exports reduced markedly to $X in 2022. Overall, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X,200%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for sugar crop exports from Romania, with a X% share of total exports. Moreover, sugar crop exports to the Netherlands exceeded the volume sent to the second major destination, France (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at X%.

In value terms, the Netherlands ($X) emerged as the key foreign market for sugar crops exports from Romania, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled X%.

Export Prices by Country

In 2022, the average sugar crop export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced a decline.

Sugar Crop Imports

Imports into Romania

In 2022, purchases abroad of sugar crops increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports posted a resilient increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, sugar crop imports surged to $X in 2022. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Turkey (X tons) and France (X tons) were the main suppliers of sugar crop imports to Romania, with a combined X% share of total imports.

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

In value terms, Germany ($X), Turkey ($X) and Bulgaria ($X) constituted the largest sugar crop suppliers to Romania, together accounting for X% of total imports. Spain, the Netherlands, France, Poland and Hungary lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, France, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sugar crop import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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