Romania: Market for Vegetables (Preserved, Frozen) 2024

Market Size for Vegetables (Preserved, Frozen) in Romania

The Romanian preserved and frozen vegetable market surged to $X in 2022, jumping by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a resilient increase. Preserved and frozen vegetable consumption peaked in 2022 and is expected to retain growth in years to come.

Exports of Vegetables (Preserved, Frozen)

Exports from Romania

In 2022, after two years of growth, there was significant decline in shipments abroad of vegetables (preserved, frozen), when their volume decreased by -18.6% to X tons. In general, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +105.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 119% against the previous year. As a result, the exports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, preserved and frozen vegetable exports declined markedly to $X in 2022. Over the period under review, exports saw a noticeable slump. The pace of growth was the most pronounced in 2021 when exports increased by 85%. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

Poland (X tons) was the main destination for preserved and frozen vegetable exports from Romania, accounting for a 48% share of total exports. Moreover, preserved and frozen vegetable exports to Poland exceeded the volume sent to the second major destination, Moldova (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland totaled +109.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+17.8% per year) and Italy (-10.9% per year).

In value terms, the largest markets for preserved and frozen vegetable exported from Romania were Poland ($X), Germany ($X) and Israel ($X), with a combined 38% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +110.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved and frozen vegetable export price stood at $X per ton in 2022, shrinking by -41.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Israel ($X per ton), while the average price for exports to Poland ($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 Israel (+94.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetables (Preserved, Frozen)

Imports into Romania

In 2022, the amount of vegetables (preserved, frozen) imported into Romania expanded significantly to X tons, picking up by 13% on 2021 figures. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, preserved and frozen vegetable imports skyrocketed to $X in 2022. Overall, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Austria (X tons) were the main suppliers of preserved and frozen vegetable imports to Romania, together accounting for 77% of total imports. Poland, Germany, the Czech Republic and Egypt lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +57.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Austria ($X) constituted the largest preserved and frozen vegetable suppliers to Romania, together comprising 74% of total imports. Poland, Germany, the Czech Republic and Egypt lagged somewhat behind, together accounting for a further 21%.

Egypt, with a CAGR of +49.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 preserved and frozen vegetable import price stood at $X per ton in 2022, picking up by 10% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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