Romania - Spices - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpice Price in Romania - 2023
Contents:
- Spice Price in Romania (CIF) - 2022
- Spice Price in Romania (FOB) - 2022
- Spice Imports in Romania
- Spice Exports in Romania
Spice Price in Romania (CIF) - 2022
In 2022, the average spice import price amounted to $3,763 per ton, dropping by -10.5% against the previous year. Overall, the import price recorded a slight decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by 19%. As a result, import price reached the peak level of $5,008 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($7,214 per ton), while the price for Bulgaria ($970 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Spice Price in Romania (FOB) - 2022
In 2022, the average spice export price amounted to $4,221 per ton, waning by -17.2% against the previous year. In general, the export price, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2013 an increase of 96% against the previous year. Over the period under review, the average export prices attained the peak figure at $5,097 per ton in 2021, and then reduced rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($17,205 per ton), while the average price for exports to Thailand ($675 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 the UK (+32.1%), while the prices for the other major destinations experienced more modest paces of growth.
Spice Imports in Romania
Spice imports into Romania expanded markedly to 10K tons in 2022, growing by 7.7% on the previous year's figure. The total import volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, spice imports declined modestly to $38M in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 10%. As a result, imports reached the peak of $40M, and then declined slightly in the following year.
| Import of Spice in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 12.8 | 10.2 | 8.5 | 8.2 | -13.8% |
| Poland | 5.0 | 5.4 | 5.5 | 5.7 | 4.5% |
| Brazil | 0.7 | 2.5 | 4.0 | 3.4 | 69.4% |
| China | 1.9 | 2.9 | 2.8 | 2.9 | 15.1% |
| Hungary | 1.3 | 2.3 | 2.9 | 2.8 | 29.1% |
| Latvia | 0.4 | 0.6 | 1.5 | 2.2 | 76.5% |
| Bulgaria | 1.5 | 0.8 | 1.4 | 1.8 | 6.3% |
| Austria | 2.3 | 2.1 | 2.3 | 1.7 | -9.6% |
| Czech Republic | 1.7 | 1.7 | 1.6 | 1.5 | -4.1% |
| Netherlands | 1.6 | 1.8 | 1.8 | 1.4 | -4.4% |
| Spain | 1.3 | 1.1 | 1.7 | 1.3 | 0.0% |
| Turkey | 1.2 | 1.1 | 1.3 | 1.0 | -5.9% |
| Vietnam | 1.2 | 0.7 | 1.5 | 0.9 | -9.1% |
| Others | 2.8 | 3.0 | 3.1 | 3.6 | 8.7% |
| Total | 35.7 | 36.2 | 39.9 | 38.5 | 2.5% |
Top Suppliers of Spice to Romania in 2022:
- Bulgaria (1899.7 tons)
- Germany (1509.2 tons)
- China (1109.7 tons)
- Brazil (828.0 tons)
- Poland (803.5 tons)
- Hungary (650.7 tons)
- Latvia (573.8 tons)
- Netherlands (563.1 tons)
- Spain (368.7 tons)
- Vietnam (317.5 tons)
- Czech Republic (274.4 tons)
- Austria (239.2 tons)
- Turkey (220.1 tons)
Spice Exports in Romania
In 2022, approx. 4.3K tons of spices were exported from Romania; remaining constant against the year before. The total export volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, spice exports plummeted to $18M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 +48.2% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 33%.
| Export of Spice in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.3 | 5.0 | 6.0 | 4.3 | 9.2% |
| Poland | 1.4 | 1.7 | 2.7 | 2.7 | 24.5% |
| Italy | 1.2 | 1.1 | 3.2 | 2.4 | 26.0% |
| France | 0.7 | 1.0 | 1.6 | 1.1 | 16.3% |
| United Kingdom | 0.8 | 1.5 | 1.0 | 1.1 | 11.2% |
| Hungary | 0.5 | 0.7 | 1.1 | 0.9 | 21.6% |
| Spain | 0.9 | 1.2 | 1.0 | 0.9 | 0.0% |
| Czech Republic | 1.2 | 1.4 | 1.0 | 0.7 | -16.4% |
| Greece | N/A | 0.2 | 0.5 | 0.6 | 73.2% |
| Turkey | 0.1 | 0.1 | 0.4 | 0.5 | 71.0% |
| Croatia | 0.2 | 0.2 | 0.5 | 0.5 | 35.7% |
| Bulgaria | 0.4 | 0.3 | 0.4 | 0.5 | 7.7% |
| Thailand | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 1.4 | 1.7 | 2.0 | 1.8 | 8.7% |
| Total | 12.1 | 16.1 | 21.5 | 17.9 | 13.9% |
Top Export Markets for Spice from Romania in 2022:
- Germany (1441.1 tons)
- Poland (500.0 tons)
- France (498.9 tons)
- Turkey (460.6 tons)
- Hungary (176.8 tons)
- Thailand (151.6 tons)
- Spain (145.3 tons)
- Italy (137.6 tons)
- Czech Republic (124.8 tons)
- Greece (97.8 tons)
- Bulgaria (83.8 tons)
- Croatia (80.5 tons)
- United Kingdom (75.5 tons)
This report provides an in-depth analysis of the spice 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:
- FCL 687 - Pepper
- FCL 689 - Pimento
- FCL 692 - Vanilla
- FCL 693 - Cinnamon (canella)
- FCL 698 - Cloves
- FCL 702 - Nutmeg, mace, cardamoms
- FCL 711 - Anise, badian, fennel
- FCL 720 - Ginger
- FCL 723 - Spices nes
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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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
1452
This report provides an in-depth analysis of the spice market in Romania.
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This report provides an in-depth analysis of the global spice market.
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This report provides an in-depth analysis of the global piper pepper market.
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This report provides an in-depth analysis of the global pimenta pepper market.
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This report provides an in-depth analysis of the spice market in Romania.
832
This report provides an in-depth analysis of the piper pepper market in Romania.
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This report provides an in-depth analysis of the pimenta pepper market in Romania.
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This report provides an in-depth analysis of the global spice market.
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The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015.
