Romania: Yoghurt Market 2024

Yoghurt Market Size in Romania

In 2022, the Romanian yoghurt market decreased by -4% to $X for the first time since 2015, thus ending a six-year rising trend. In general, consumption recorded a relatively flat trend pattern. Yoghurt consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Yoghurt Production in Romania

In value terms, yoghurt production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% 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 2017 with an increase of 20% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Yoghurt Exports

Exports from Romania

In 2022, the amount of yoghurt exported from Romania fell to X tons, waning by -2.8% against 2021 figures. In general, exports, however, posted buoyant growth. The growth pace was the most rapid in 2013 when exports increased by 54% against the previous year. The exports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, yoghurt exports contracted to $X in 2022. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 69%. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

Hungary (X tons) was the main destination for yoghurt exports from Romania, with a 45% share of total exports. Moreover, yoghurt exports to Hungary exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. Moldova (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary totaled +52.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+20.4% per year) and Moldova (+11.8% per year).

In value terms, Hungary ($X) remains the key foreign market for yoghurt exports from Romania, comprising 35% of total exports. The second position in the ranking was taken by Moldova ($X), with a 14% share of total exports. It was followed by Bulgaria, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary stood at +54.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+11.9% per year) and Bulgaria (+16.8% per year).

Export Prices by Country

The average yoghurt export price stood at $X per ton in 2022, which is down by -5.2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 14%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 Italy (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Yoghurt Imports

Imports into Romania

In 2022, purchases abroad of yoghurt decreased by -10.7% to X tons for the first time since 2013, thus ending a eight-year rising trend. In general, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.0% against 2013 indices. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, yoghurt imports fell to $X in 2022. Over the period under review, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 34%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of yoghurt to Romania, accounting for a 57% share of total imports. Moreover, yoghurt imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was held by Belgium (X tons), with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-1.7% per year) and Belgium (+27.0% per year).

In value terms, Germany ($X) constituted the largest supplier of yoghurt to Romania, comprising 57% of total imports. The second position in the ranking was held by Poland ($X), with an 11% share of total imports. It was followed by Bulgaria, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+0.2% per year) and Bulgaria (+12.9% per year).

Import Prices by Country

In 2022, the average yoghurt import price amounted to $X per ton, dropping by -2.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2019 when the average import price increased by 14%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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