Price for Protein; Concentrates and Textured Protein Substances in Romania - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Romania (CIF) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Romania (FOB) - 2024
- Imports of Protein; Concentrates and Textured Protein Substances in Romania
- Exports of Protein; Concentrates and Textured Protein Substances in Romania
Price for Protein; Concentrates and Textured Protein Substances in Romania (CIF) - 2024
The average import price for protein; concentrates and textured protein substanceses stood at $1,744 per ton in March 2024, falling by -30.8% against the previous month. In general, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in April 2023 an increase of 33% month-to-month. Over the period under review, average import prices reached the peak figure at $8,411 per ton in June 2023; however, from July 2023 to March 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Switzerland ($3,063 per ton), while the price for Serbia stood at $1,610 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by China (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Romania (FOB) - 2024
The average export price for protein; concentrates and textured protein substanceses stood at $9,339 per ton in March 2024, increasing by 30% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2024 when the average export price increased by 31% against the previous month. The export price peaked at $10,341 per ton in April 2023; however, from May 2023 to March 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Moldova ($12,536 per ton), while the average price for exports to the UK ($6,410 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Romania
In 2022, overseas purchases of protein; concentrates and textured protein substanceses were finally on the rise to reach 5.3K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, imports of protein; concentrates and textured protein substanceses amounted to $28M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Protein; Concentrates and Textured Protein Substances in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 2.1 | 2.7 | 3.0 | 4.6 | 29.9% |
| Slovakia | 1.8 | 1.4 | 1.7 | 4.6 | 36.7% |
| Sweden | 1.2 | 1.1 | 2.2 | 3.3 | 40.1% |
| Serbia | 2.1 | 2.3 | 1.7 | 3.1 | 13.9% |
| Czech Republic | 1.1 | 0.7 | 1.4 | 1.5 | 10.9% |
| Germany | 1.5 | 1.0 | 2.7 | 1.4 | -2.3% |
| United States | 0.5 | 0.5 | 1.2 | 1.3 | 37.5% |
| Hungary | 2.4 | 1.9 | 3.7 | 1.3 | -18.5% |
| Netherlands | 1.1 | 0.6 | 1.4 | 1.2 | 2.9% |
| France | 0.6 | 0.3 | 0.5 | 1.0 | 18.6% |
| Bulgaria | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Denmark | 0.2 | 0.4 | 0.6 | 0.4 | 26.0% |
| China | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Others | 5.3 | 6.6 | 5.7 | 3.9 | -9.7% |
| Total | 20.0 | 19.6 | 26.2 | 28.4 | 12.4% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Romania in 2022:
- Serbia (1969.7 tons)
- Slovakia (841.4 tons)
- Greece (527.3 tons)
- Sweden (255.9 tons)
- United States (224.0 tons)
- Germany (191.1 tons)
- Czech Republic (149.2 tons)
- France (133.4 tons)
- Hungary (131.3 tons)
- China (121.3 tons)
- Denmark (119.9 tons)
- Bulgaria (115.8 tons)
- Netherlands (106.9 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Romania
In 2022, the amount of protein; concentrates and textured protein substanceses exported from Romania soared to 2.3K tons, rising by 38% against 2021 figures. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of protein; concentrates and textured protein substanceses soared to $14M in 2022. In general, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 68%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Protein; Concentrates and Textured Protein Substances in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 1,027 | 1,126 | 1,268 | 2,330 | 31.4% |
| United Arab Emirates | 579 | 256 | 965 | 1,989 | 50.9% |
| Sweden | 588 | 857 | 1,070 | 1,077 | 22.4% |
| Italy | 1,332 | 749 | 1,093 | 1,027 | -8.3% |
| United Kingdom | 596 | 815 | 1,297 | 961 | 17.3% |
| Spain | 872 | 535 | 663 | 755 | -4.7% |
| Poland | 206 | 143 | 432 | 738 | 53.0% |
| Bulgaria | 92.2 | 114 | 212 | 691 | 95.7% |
| Greece | 64.8 | 165 | 400 | 520 | 100.2% |
| Germany | 87.5 | 111 | 155 | 297 | 50.3% |
| United States | 396 | 163 | 492 | 284 | -10.5% |
| Ukraine | 424 | 163 | 198 | 241 | -17.2% |
| France | 173 | 238 | 242 | 169 | -0.8% |
| Others | 2,140 | 1,942 | 3,923 | 3,307 | 15.6% |
| Total | 8,576 | 7,377 | 12,409 | 14,384 | 18.8% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Romania in 2022:
- Hungary (318.5 tons)
- United Kingdom (292.9 tons)
- United Arab Emirates (264.8 tons)
- Italy (158.6 tons)
- Sweden (141.4 tons)
- Bulgaria (99.3 tons)
- Greece (98.1 tons)
- United States (96.7 tons)
- Poland (82.4 tons)
- Ukraine (77.7 tons)
- Germany (69.4 tons)
- Spain (61.2 tons)
- France (56.8 tons)
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