Romania: Sugar Market 2022

Sugar Market Size in Romania

The Romanian sugar market soared to $X in 2021, growing by 37% against the previous year. Overall, consumption, however, saw a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Sugar Production in Romania

In value terms, sugar production shrank to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 38% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

In 2021, the average sugar yield in Romania stood at less than X kg per ha, approximately reflecting the year before. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. less than X ha of sugar were harvested in Romania; therefore, remained relatively stable against the year before. Over the period under review, the harvested area saw a relatively flat trend pattern.

Sugar Exports

Exports from Romania

In 2021, sugar exports from Romania dropped remarkably to X tons, declining by -42.5% on the previous year's figure. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 54%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, sugar exports reduced sharply to $X in 2021. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 28%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons) was the main destination for sugar exports from Romania, with a 89% share of total exports. Moreover, sugar exports to Bulgaria exceeded the volume sent to the second major destination, Hungary (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria amounted to -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-21.4% per year) and Slovakia (-72.9% per year).

In value terms, Bulgaria ($X) remains the key foreign market for sugar exports from Romania, comprising 85% of total exports. The second position in the ranking was held by Hungary ($X), with a 7.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Bulgaria stood at -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-25.8% per year) and Slovakia (-73.8% per year).

Export Prices by Country

In 2021, the average sugar export price amounted to $X per ton, rising by 22% against the previous year. Overall, the export price, however, recorded a deep slump. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Bulgaria ($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 Slovakia (-3.3%), while the prices for the other major destinations experienced a decline.

Sugar Imports

Imports into Romania

In 2021, approx. X tons of sugar were imported into Romania; jumping by 37% against the previous year. Overall, imports, however, showed a abrupt decrease. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, sugar imports soared to $X in 2021. In general, imports, however, showed a abrupt shrinkage. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Brazil (X tons) and Austria (X tons) were the main suppliers of sugar imports to Romania, with a combined 50% share of total imports. These countries were followed by Poland, Cuba, South Africa, Belize, the Czech Republic, Moldova, Slovenia, Serbia, Algeria and France, which together accounted for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +353.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sugar suppliers to Romania were Germany ($X), Poland ($X) and Brazil ($X), together accounting for 49% of total imports. Austria, South Africa, Cuba, the Czech Republic, Belize, Moldova, Serbia, Slovenia, France and Algeria lagged somewhat behind, together comprising a further 44%.

Slovenia, with a CAGR of +256.2%, 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

The average sugar import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the import price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of 77%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform