Romania: Triticale Market 2024

Triticale Market Size in Romania

The Romanian triticale market shrank slightly to $X in 2022, with a decrease of -2.1% against the previous year. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.8% against 2019 indices. Triticale consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Triticale Production in Romania

In value terms, triticale production contracted slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 41% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The average yield of triticale in Romania declined to X tons per ha in 2022, reducing by -10.9% against 2021. The yield figure increased at an average annual rate of +2.5% 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 2021 when the yield increased by 26% against the previous year. Over the period under review, the average triticale yield reached the peak level at X tons per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of triticale production in Romania rose markedly to X ha, picking up by 7.3% on the year before. The harvested area increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 51%. The triticale harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Triticale Exports

Exports from Romania

In 2022, overseas shipments of triticale increased by 182% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, showed a deep downturn. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, triticale exports soared to $X in 2022. Overall, exports, however, recorded a abrupt shrinkage. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for triticale exports from Romania, with a 89% share of total exports. Moreover, triticale exports to Italy exceeded the volume sent to the second major destination, Austria (X tons), more than tenfold. Bulgaria (X tons) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-19.9% per year) and Bulgaria (-26.9% per year).

In value terms, Italy ($X) remains the key foreign market for triticale exports from Romania, comprising 88% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 4.4% share of total exports. It was followed by Austria, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-19.4% per year) and Austria (-17.0% per year).

Export Prices by Country

The average triticale export price stood at $X per ton in 2022, increasing by 5% against the previous year. Over the period under review, the export price showed temperate growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 33% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Austria ($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 Hungary (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Triticale Imports

Imports into Romania

In 2022, supplies from abroad of triticale decreased by -1% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 520%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, triticale imports stood at $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 320% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Hungary (X tons) constituted the largest triticale supplier to Romania, accounting for a 70% share of total imports. Moreover, triticale imports from Hungary exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+12.9% per year) and Italy (-3.5% per year).

In value terms, the largest triticale suppliers to Romania were Hungary ($X), Austria ($X) and Italy ($X), with a combined 95% share of total imports.

Among the main suppliers, Austria, with a CAGR of +6.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average triticale import price stood at $X per ton in 2022, picking up by 9.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 162% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 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 Italy ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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