Romania - Almonds - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Romania: Almond Market Overview 2020

Almond Market Size in Romania

The revenue of the almond market in Romania amounted to $X in 2018, declining 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). In general, almond consumption continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Almond consumption peaked at $X in 2017, and then declined slightly in the following year.

Almond Exports

Exports from Romania

Almond exports from Romania amounted to X kg in 2018, dropping by -X% against the previous year. Over the period under review, almond exports continue to indicate a sharp drop. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, almond exports attained their peak figure at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, almond exports amounted to $X in 2018. Over the period under review, almond exports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, almond exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

Bulgaria (X kg) 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.

From 2007 to 2018, the average annual rate of growth in terms of volume 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 Moldova (-X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value to Bulgaria totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (-X% per year) and Spain (-X% per year).

Export Prices by Country

In 2018, the average almond export price amounted to $X per tonne, declining by -X% against the previous year. Overall, the almond export price continues to indicate a moderate downturn. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. Over the period under review, the average export prices for almonds attained their peak figure at $X per tonne in 2010; however, from 2011 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Moldova ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Moldova, while the prices for the other major destinations experienced a decline.

Almond Imports

Imports into Romania

In 2018, approx. X tonnes of almonds were imported into Romania; remaining constant against the previous year. In general, almond imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, almond imports reached their maximum at X tonnes in 2009; however, from 2010 to 2018, imports stood at a somewhat lower figure.

In value terms, almond imports totaled $X in 2018. Over the period under review, almond imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2009; however, from 2010 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Germany (X tonnes) constituted the largest supplier of almond to Romania, with a X% share of total imports. Moreover, almond imports from Germany exceeded the figures recorded by the second-largest supplier, Bulgaria (X tonnes), more than tenfold. The U.S. (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, 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: Bulgaria (+X% per year) and the U.S. (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

The average almond import price stood at $X per tonne in 2018, lowering by -X% against the previous year. In general, the almond import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. In that year, the average import prices for almonds attained their peak level of $X per tonne. From 2016 to 2018, the growth in terms of the average import prices for almonds remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the countries with the highest prices were Bulgaria ($X per tonne) and the Netherlands ($X per tonne), while the price for the UK ($X per tonne) and the U.S. ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Bulgaria, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform