Romania - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Oils Price in Romania - 2023
Contents:
- Vegetable Oils Price in Romania (CIF) - 2023
- Vegetable Oils Price in Romania (FOB) - 2023
- Vegetable Oils Imports in Romania
- Vegetable Oils Exports in Romania
Vegetable Oils Price in Romania (CIF) - 2023
In June 2023, the average vegetable oils import price amounted to $2,162 per ton, remaining relatively unchanged against the previous month. In general, the import price showed a perceptible slump. The growth pace was the most rapid in January 2023 an increase of 23% m-o-m. The import price peaked at $2,974 per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From June 2022 to June 2023, the rate of growth in terms of prices for Germany amounted to +7.3% per month.
Vegetable Oils Price in Romania (FOB) - 2023
The average vegetable oils export price stood at $1,511 per ton in June 2023, increasing by 43% against the previous month. In general, the export price continues to indicate a perceptible increase. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 404% month-to-month. As a result, the export price attained the peak level of $3,728 per ton. From December 2022 to June 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Moldova.
From June 2022 to June 2023, the rate of growth in terms of prices for Turkey amounted to +6.3% per month.
Vegetable Oils Imports in Romania
In 2022, after three years of growth, there was significant decline in purchases abroad of vegetable fats and oils, when their volume decreased by -55.6% to 5.2K tons. In general, imports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2021 when imports increased by 4.2%. As a result, imports reached the peak of 12K tons, and then reduced remarkably in the following year.
In value terms, vegetable oils imports reduced notably to $14M in 2022. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, imports reached the peak of $23M, and then reduced markedly in the following year.
| Import of Vegetable Oils in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.5 | 2.4 | 3.7 | 4.7 | 10.3% |
| Germany | 2.1 | 1.0 | 1.3 | 1.9 | -3.3% |
| Sweden | 1.0 | 1.1 | 1.3 | 1.4 | 11.9% |
| Greece | 0.9 | 0.7 | 1.1 | 1.4 | 15.9% |
| Bulgaria | 0.9 | 0.9 | 1.2 | 0.8 | -3.9% |
| Hungary | 0.3 | 0.6 | 0.8 | 0.6 | 26.0% |
| Italy | 5.2 | 9.6 | 10.7 | 0.4 | -57.5% |
| Others | 2.5 | 1.8 | 2.8 | 2.5 | 0.0% |
| Total | 16.5 | 18.1 | 22.9 | 13.8 | -5.8% |
Top Suppliers of Vegetable Oils to Romania in 2022:
- Netherlands (1979.2 tons)
- Sweden (695.6 tons)
- Greece (522.9 tons)
- Bulgaria (356.7 tons)
- Germany (332.6 tons)
- Hungary (301.1 tons)
- Italy (216.8 tons)
Vegetable Oils Exports in Romania
In 2022, vegetable oils exports from Romania dropped dramatically to 4.4K tons, declining by -24.6% on the previous year's figure. Over the period under review, exports faced a abrupt contraction. The smallest decline of -3.7% was in 2021.
In value terms, vegetable oils exports rose modestly to $4.1M in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 8.4%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Vegetable Oils in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,666 | 2,693 | 1,823 | 1,578 | -16.0% |
| Italy | 63.0 | 290 | 1,278 | 1,320 | 175.7% |
| Moldova | 517 | 404 | 636 | 603 | 5.3% |
| France | 0.4 | 0.5 | 4.5 | 197 | 689.7% |
| Bulgaria | 439 | 23.4 | 59.0 | 111 | -36.8% |
| Austria | 0.4 | N/A | N/A | 75.3 | 473.1% |
| Others | 115 | 186 | 99.1 | 179 | 15.9% |
| Total | 3,800 | 3,597 | 3,899 | 4,064 | 2.3% |
Top Export Markets for Vegetable Oils from Romania in 2022:
- Germany (2832.2 tons)
- Italy (1008.2 tons)
- Moldova (148.8 tons)
- France (133.5 tons)
- Austria (124.0 tons)
- Bulgaria (48.6 tons)
This report provides an in-depth analysis of the vegetable oils 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 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)
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
378
This report provides an in-depth analysis of the vegetable oils market in Romania.
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This report provides an in-depth analysis of the global vegetable oils market.
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This report provides an in-depth analysis of the global animal fats market.
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This report provides an in-depth analysis of the vegetable oils market in Romania.
426
This report provides an in-depth analysis of the animal fats market in Romania.
1650
This report provides an in-depth analysis of the global vegetable oils market.
1092
This report provides an in-depth analysis of the global animal fats market.
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This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
279
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
