Romania: Animal Fats Market 2024

Animal Fats Market Size in Romania

The Romanian animal fats market skyrocketed to $X in 2023, growing by X% against the previous year. Over the period under review, consumption enjoyed a resilient increase. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Animal Fats Production in Romania

In value terms, animal fats production expanded markedly to $X in 2023 estimated in export price. In general, production posted strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

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Animal Fats Exports

Exports from Romania

In 2023, approx. X tons of animal fats and oils were exported from Romania; which is down by X% on the previous year's figure. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, animal fats exports reduced dramatically to $X in 2023. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then contracted sharply in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for animal fats exports from Romania, with a X% share of total exports. Moreover, animal fats exports to the Netherlands exceeded the volume sent to the second major destination, Greece (X tons), threefold.

From 2012 to 2023, the average annual growth rate of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Bulgaria (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for animal fats and oils exports from Romania, comprising X% of total exports. The second position in the ranking was held by Greece ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Bulgaria (X% per year).

Export Prices by Country

The average animal fats export price stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2022, and then contracted in the following year.

Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Fats Imports

Imports into Romania

In 2023, the amount of animal fats and oils imported into Romania was estimated at X tons, growing by X% against the year before. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to continue growth in years to come.

In value terms, animal fats imports skyrocketed to $X in 2023. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, Bulgaria (X tons) constituted the largest animal fats supplier to Romania, with a X% share of total imports. Moreover, animal fats imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Bulgaria amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Italy (X% per year).

In value terms, the largest animal fats suppliers to Romania were Denmark ($X), Italy ($X) and Bulgaria ($X), with a combined X% share of total imports.

Among the main suppliers, Bulgaria, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average animal fats import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, saw a noticeable reduction. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform