Romania: Almond Market Overview 2021

Almond Market Size in Romania

The Romanian almond market declined slightly to $X in 2019, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a temperate increase. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Almond consumption peaked at $X in 2009; however, from 2010 to 2019, consumption remained at a lower figure.

Almond Exports

Exports from Romania

In 2019, overseas shipments of almonds increased by X% to X tonnes, rising for the fourth year in a row after two years of decline. Over the period under review, exports recorded a significant expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, almond exports surged to $X in 2019. Overall, exports showed significant growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria (X tonnes) was the main destination for almond exports from Romania, with a X% share of total exports. Moreover, almond exports to Bulgaria exceeded the volume sent to the second major destination, Spain (X kg), fourfold. Cyprus (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Bulgaria stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Cyprus (X% per year).

In value terms, Bulgaria ($X) remains the key foreign market for almond exports from Romania, comprising X% of total exports. The second position in the ranking was occupied by Spain ($X), with a X% share of total exports. It was followed by Cyprus, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Bulgaria amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Cyprus (X% per year).

Export Prices by Country

The average almond export price stood at $X per tonne in 2019, falling by -X% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Lithuania ($X per tonne), while the average price for exports to Cyprus ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus, while the prices for the other major destinations experienced a decline.

Almond Imports

Imports into Romania

Almond imports into Romania rose to X tonnes in 2019, growing by X% on the year before. In general, imports recorded a strong increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2009; however, from 2010 to 2019, imports failed to regain the momentum.

In value terms, almond imports expanded remarkably to $X in 2019. Overall, imports enjoyed a strong increase. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked at $X in 2009; however, from 2010 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Germany (X tonnes) constituted the largest almond supplier to Romania, accounting for a X% share of total imports. Moreover, almond imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), fivefold. The third position in this ranking was occupied by Slovakia (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Slovakia (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of almond to Romania, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Slovakia (+X% per year).

Import Prices by Country

In 2019, the average almond import price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% y-o-y. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Slovakia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?

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The U.S. (1.7M tonnes) constituted the country with the largest volume of almond consumption, accounting for 50% of total volume. Moreover, almond consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Spain (338K tonnes), fivefold. The third position in this ranking was occupied by Iran (182K tonnes), with a 5.3% share.

What are the largest producers of almonds in the world?

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The U.S. (1.9M tonnes) constituted the country with the largest volume of almond production, accounting for 55% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (340K tonnes), sixfold. The third position in this ranking was occupied by Iran (177K tonnes), with a 5.1% share.

What are the leading suppliers of almonds to Romania?

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In value terms, Germany ($110K) constituted the largest supplier of almond to Romania, comprising 79% of total imports. The second position in the ranking was occupied by the Netherlands ($20K), with a 14% share of total imports. It was followed by Slovakia, with a 3.9% share.

What are the leading importers of almonds from Romania?

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In value terms, Bulgaria ($4.9K) remains the key foreign market for almond exports from Romania, comprising 76% of total exports. The second position in the ranking was occupied by Spain ($674), with a 11% share of total exports. It was followed by Cyprus, with a 3.7% share.

What is the average export price for almonds in Romania?

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The average almond export price stood at $2,776 per tonne in 2019, dropping by -30.8% against the previous year.

What is the average import price for almonds in Romania?

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The average almond import price stood at $6,819 per tonne in 2019, rising by 3.8% against the previous year.