Romania - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Palm Oil Price in Romania - 2023
Contents:
- Refined Palm Oil Price in Romania (CIF) - 2022
- Refined Palm Oil Price in Romania (FOB) - 2022
- Refined Palm Oil Imports in Romania
- Refined Palm Oil Exports in Romania
Refined Palm Oil Price in Romania (CIF) - 2022
The average refined palm oil import price stood at $1,851 per ton in 2022, with an increase of 34% against the previous year. Over the period under review, the import price continues to indicate a measured expansion. The growth pace was the most rapid in 2018 an increase of 59%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
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 Malaysia ($2,268 per ton), while the price for Indonesia ($1,438 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Palm Oil Price in Romania (FOB) - 2022
The average refined palm oil export price stood at $2,389 per ton in 2022, with an increase of 6.8% against the previous year. Overall, the export price showed resilient growth. The pace of growth was the most pronounced in 2018 an increase of 105% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($3,945 per ton), while the average price for exports to Slovakia ($1,475 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 Slovakia (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Palm Oil Imports in Romania
In 2022, the amount of refined palm oil imported into Romania expanded to 51K tons, with an increase of 2.3% on 2021. Over the period under review, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 4.1% against the previous year.
In value terms, refined palm oil imports soared to $94M in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Refined Palm Oil in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 20.1 | 16.3 | 18.0 | 24.8 | 7.3% |
| Bulgaria | 7.7 | 6.7 | 9.9 | 13.3 | 20.0% |
| Italy | 1.4 | 3.3 | 10.4 | 13.2 | 111.3% |
| Turkey | 2.0 | 1.2 | 6.7 | 9.2 | 66.3% |
| Greece | 4.2 | 5.0 | 7.8 | 8.8 | 28.0% |
| Malaysia | 10.5 | 7.6 | 5.5 | 6.4 | -15.2% |
| Germany | 0.6 | 0.5 | 2.9 | 4.8 | 100.0% |
| Croatia | 0.9 | 1.5 | 2.0 | 3.8 | 61.6% |
| Indonesia | 2.8 | 1.2 | 0.1 | 0.3 | -52.5% |
| Others | 1.7 | 2.5 | 5.2 | 9.3 | 76.2% |
| Total | 52.0 | 45.9 | 68.4 | 93.9 | 21.8% |
Top Suppliers of Refined Palm Oil to Romania in 2022:
- Netherlands (14.6K tons)
- Italy (7.7K tons)
- Bulgaria (6.8K tons)
- Greece (5.0K tons)
- Turkey (4.6K tons)
- Malaysia (2.8K tons)
- Germany (2.3K tons)
- Croatia (2.0K tons)
- Indonesia (0.2K tons)
Refined Palm Oil Exports in Romania
Refined palm oil exports from Romania reduced to 54 tons in 2022, dropping by -9.4% on 2021. Over the period under review, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 60% against the previous year.
In value terms, refined palm oil exports dropped modestly to $128K in 2022. Overall, total exports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +4.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 79% against the previous year. As a result, the exports reached the peak of $133K, and then shrank in the following year.
| Export of Refined Palm Oil in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | N/A | N/A | 3.6 | 32.5 | 802.8% |
| Greece | 25.1 | 26.1 | 35.7 | 31.9 | 8.3% |
| Serbia | 20.6 | 17.5 | 22.2 | 30.6 | 14.1% |
| Bulgaria | 35.5 | 14.0 | 46.7 | 29.2 | -6.3% |
| Poland | 17.7 | 0.2 | 0.7 | 2.0 | -51.7% |
| Moldova | 10.5 | 14.6 | 20.4 | N/A | 39.4% |
| Others | 3.3 | 1.5 | 3.4 | 2.1 | -14.0% |
| Total | 113 | 73.9 | 133 | 128 | 4.2% |
Top Export Markets for Refined Palm Oil from Romania in 2022:
- Moldova (undefined tons)
- Slovakia (22.0 tons)
- Bulgaria (11.6 tons)
- Serbia (10.8 tons)
- Greece (8.1 tons)
- Poland (0.6 tons)
This report provides an in-depth analysis of the refined palm oil market 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 10415700 - Refined palm oil and its fractions (excluding chemically modified)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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