Romania: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Romania

The Romanian seafood meals and pellets market expanded notably to $X in 2023, with an increase of X% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Seafood meals and pellets consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Romania

In value terms, seafood meals and pellets production rose rapidly to $X in 2023 estimated in export price. Overall, production saw a measured expansion. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Romania

In 2023, shipments abroad of flours, meals and pellets of fish or of crustaceans and molluscs decreased by X% to X kg for the first time since 2016, thus ending a six-year rising trend. Over the period under review, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, seafood meals and pellets exports shrank dramatically to $X in 2023. Overall, exports saw a significant decline. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for seafood meals and pellets exports from Romania, accounting for a X% share of total exports. It was followed by Belgium (X kg), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to Germany totaled X%.

In value terms, Germany ($X) emerged as the key foreign market for flours, meals and pellets of fish or of crustaceans and molluscs exports from Romania, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Germany totaled X%.

Export Prices by Country

In 2023, the average seafood meals and pellets export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price posted a resilient increase. The export price peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Romania

Seafood meals and pellets imports into Romania rose to X tons in 2023, surging by X% on 2022 figures. Over the period under review, total imports indicated a pronounced increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, seafood meals and pellets imports skyrocketed to $X in 2023. In general, total imports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked in 2023 and are likely to see steady growth in the near future.

Imports by Country

Italy (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of seafood meals and pellets imports to Romania, together comprising X% of total imports. Denmark, Spain, Poland, Hungary, Austria and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest seafood meals and pellets suppliers to Romania, with a combined X% share of total imports. Denmark, Spain, Poland, Hungary, Austria and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the average seafood meals and pellets import price amounted to $X per ton, surging by X% against the previous year. In general, import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, seafood meals and pellets import price decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform