Romania - Frozen Fish And Seafood - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Romania - Frozen Fish And Seafood - Market Analysis, Forecast, Size, Trends And Insights

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Price for Frozen Fish and Seafood in Romania - 2023

Contents:

  1. Price for Frozen Fish and Seafood in Romania (CIF) - 2022
  2. Price for Frozen Fish and Seafood in Romania (FOB) - 2022
  3. Imports of Frozen Fish and Seafood in Romania
  4. Exports of Frozen Fish and Seafood in Romania

Price for Frozen Fish and Seafood in Romania (CIF) - 2022

The average frozen fish and seafood import price stood at $3,120 per ton in 2022, increasing by 9.9% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish and seafood import price increased by +94.7% against 2015 indices. The most prominent rate of growth was recorded in 2021 an increase of 20%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($7,757 per ton), while the price for Latvia ($923 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Frozen Fish and Seafood in Romania (FOB) - 2022

In 2022, the average frozen fish and seafood export price amounted to $6,031 per ton, with an increase of 4.5% against the previous year. Overall, the export price saw prominent growth. The growth pace was the most rapid in 2016 an increase of 64%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($16,217 per ton), while the average price for exports to the UK ($2,807 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 Croatia (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fish and Seafood in Romania

In 2022, imports of frozen fish and seafood into Romania rose notably to 55K tons, with an increase of 7.2% on 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen fish and seafood imports skyrocketed to $171M in 2022. The total import value increased at an average annual rate of +10.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 21%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Frozen Fish and Seafood in Romania (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands36.734.644.248.69.8%
Spain17.716.421.121.36.4%
Vietnam4.44.26.211.136.1%
Denmark5.55.05.98.013.3%
Poland8.28.68.87.8-1.7%
Turkey4.63.05.47.216.1%
Tanzania2.72.75.27.238.7%
Sweden5.110.04.75.84.4%
Canada4.54.74.45.56.9%
Bulgaria3.12.23.22.2-10.8%
Latvia1.71.71.11.1-13.5%
Others33.026.834.845.010.9%
Total12712014517110.4%

Top Suppliers of Frozen Fish and Seafood to Romania in 2022:

  1. Netherlands (20.8K tons)
  2. Spain (8.1K tons)
  3. Poland (3.9K tons)
  4. Canada (2.6K tons)
  5. Sweden (2.3K tons)
  6. Vietnam (2.2K tons)
  7. Turkey (1.5K tons)
  8. Bulgaria (1.4K tons)
  9. Latvia (1.2K tons)
  10. Tanzania (1.1K tons)
  11. Denmark (1.0K tons)

Exports of Frozen Fish and Seafood in Romania

After two years of decline, shipments abroad of frozen fish and seafood increased by 18% to 2.1K tons in 2022. The total export volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen fish and seafood exports skyrocketed to $13M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Frozen Fish and Seafood in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Moldova2,3231,9712,6033,87318.6%
Bulgaria1,0118388481,2577.5%
Austria16.823.84451,161310.4%
France24030134697559.6%
Czech Republic6511,0361,37393712.9%
Croatia40835749256411.4%
Hungary12812732846653.8%
Netherlands2271,3061,77440821.6%
Cyprus11.414.923.5377221.0%
United Kingdom3405455223733.1%
Germany37.787.997.9320104.0%
Italy783302187155-41.7%
Spain23.653.281.610966.5%
Others7443611,0131,55427.8%
Total6,9457,32410,13412,52821.7%

Top Export Markets for Frozen Fish and Seafood from Romania in 2022:

  1. Moldova (1010.7 tons)
  2. Bulgaria (164.5 tons)
  3. France (133.9 tons)
  4. United Kingdom (133.0 tons)
  5. Germany (78.3 tons)
  6. Austria (71.6 tons)
  7. Czech Republic (65.4 tons)
  8. Croatia (62.4 tons)
  9. Netherlands (59.2 tons)
  10. Cyprus (55.4 tons)
  11. Italy (53.1 tons)
  12. Hungary (39.9 tons)
  13. Spain (31.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for frozen fish and seafood in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10201330 - Frozen whole salt water fish
  • Prodcom 10201360 - Frozen whole fresh water fish
  • Prodcom 10201600 - Frozen fish livers and roes
  • Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
  • Prodcom 10201400 - Frozen fish fillets
  • Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
  • Prodcom 10203200 - Molluscs (scallops, mussels, cuttle fish, squid and octopus), frozen, dried, smoked, salted or in brine

Country coverage:

  • Romania

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Romania
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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