Romania: Cereal Market 2024

Cereal Market Size in Romania

The Romanian cereal market contracted to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Cereal consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Cereal Production in Romania

In value terms, cereal production shrank to $X in 2022 estimated in export price. In general, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Cereal production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

In 2022, the average yield of cereals in Romania shrank markedly to X tons per ha, dropping by X% on the previous year's figure. Overall, the yield indicated resilient growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal yield increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. Over the period under review, the average cereal yield attained the peak level at X tons per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cereals production in Romania declined modestly to X ha, leveling off at the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the cereal harvested area failed to regain momentum.

Cereal Exports

Exports from Romania

In 2022, approx. X tons of cereals were exported from Romania; dropping by X% compared with 2021 figures. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped notably in the following year.

In value terms, cereal exports rose notably to $X in 2022. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Egypt (X tons), Jordan (X tons) and Spain (X tons) were the main destinations of cereal exports from Romania, together comprising X% of total exports. Italy, Algeria, Iran, the Netherlands, Tunisia, South Korea, Pakistan, Portugal, Sudan and Israel lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cereal exported from Romania were Egypt ($X), Jordan ($X) and Spain ($X), with a combined X% share of total exports. Algeria, Italy, Iran, Tunisia, the Netherlands, South Korea, Pakistan, Sudan, Portugal and Israel lagged somewhat behind, together comprising a further X%.

Pakistan, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cereal export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Pakistan ($X per ton) and Sudan ($X per ton), while the average price for exports to Portugal ($X per ton) and Iran ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Imports

Imports into Romania

In 2022, the amount of cereals imported into Romania rose to X tons, growing by X% compared with 2021. Over the period under review, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cereal imports soared to $X in 2022. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Ukraine (X tons), Bulgaria (X tons) and Moldova (X tons) were the main suppliers of cereal imports to Romania, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) constituted the largest supplier of cereals to Romania, comprising X% of total imports. The second position in the ranking was held by Bulgaria ($X), with an X% share of total imports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Hungary (X% per year).

Import Prices by Country

The average cereal import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Moldova ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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