Price for Vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumption in Romania - 2023

Contents:

  1. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Romania (CIF) - 2022
  2. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Romania (FOB) - 2022
  3. Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Romania
  4. Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Romania

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Romania (CIF) - 2022

The average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $1,496 per ton in 2022, reducing by -21.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 48% against the previous year. Over the period under review, average import prices attained the peak figure at $1,913 per ton in 2021, and then plummeted in the following year.

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 Bulgaria ($4,310 per ton), while the price for Greece amounted to $1,481 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+16.6%).

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Romania (FOB) - 2022

In 2022, the average export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $3,050 per ton, waning by -9.1% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia increased by +62.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices reached the maximum at $3,354 per ton in 2021, and then declined in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($3,641 per ton) and Germany ($3,227 per ton), while the average price for exports to Cyprus ($2,688 per ton) and Spain ($2,840 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Romania

In 2022, overseas purchases of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia decreased by -29.2% to 1.4K tons, falling for the second consecutive year after two years of growth. In general, imports showed a perceptible contraction. The growth pace was the most rapid in 2020 with an increase of 28%. As a result, imports reached the peak of 2.1K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia declined notably to $2.1M in 2022. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 22%.

Import of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Romania (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Greece2.53.63.72.1-5.6%
United Kingdom0.4N/AN/AN/A0%
Others0.1N/A0.1N/A0.0%
Total3.03.73.82.1-11.2%

Top Suppliers of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to Romania in 2022:

  1. Greece (1388.5 tons)

Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Romania

In 2022, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia from Romania surged to 35 tons, rising by 31% compared with the previous year's figure. Overall, exports, however, saw a abrupt slump.

In value terms, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia surged to $106K in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years.

Export of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain46.156.446.563.411.2%
Italy9.217.017.924.238.0%
Germany0.21.18.210.2270.8%
Greece1.62.20.62.719.1%
Cyprus1.61.31.91.84.0%
Bulgaria2.44.08.90.9-27.9%
United Kingdom33.129.5N/AN/A-10.9%
Others2.11.54.62.44.6%
Total96.311388.61063.3%

Top Export Markets for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption from Romania in 2022:

  1. Spain (22.3 tons)
  2. Italy (6.7 tons)
  3. Germany (3.2 tons)
  4. Greece (0.9 tons)
  5. Cyprus (0.7 tons)
  6. Bulgaria (0.3 tons)

Source: IndexBox Market Intelligence Platform

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