Romania: Chestnut Market 2022

Chestnut Market Size in Romania

The Romanian chestnut market soared to $X in 2021, surging by X% against the previous year. Overall, consumption, however, recorded a strong increase. Chestnut consumption peaked in 2021 and is likely to see gradual growth in years to come.

Chestnut Production in Romania

In value terms, chestnut production shrank to $X in 2021 estimated in export price. In general, production, however, saw buoyant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Chestnut production peaked at $X in 2020, and then shrank in the following year.

The average yield of chestnuts in Romania shrank dramatically to X tons per ha in 2021, with a decrease of -X% compared with 2020. Over the period under review, the yield showed a mild downturn. The growth pace was the most rapid in 2018 when the yield increased by X% against the previous year. Over the period under review, the average chestnut yield attained the maximum level at X tons per ha in 2020, and then contracted significantly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The chestnut harvested area in Romania soared to X ha in 2021, increasing by X% on the year before. Overall, the total harvested area indicated strong growth from 2012 to 2021: its figure increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, chestnut harvested area increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2015 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to chestnut production attained the maximum in 2021 and is expected to retain growth in the near future.

Chestnut Exports

Exports from Romania

In 2021, overseas shipments of chestnuts were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, chestnut exports surged to $X in 2021. Overall, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for chestnut exports from Romania, accounting for a X% share of total exports. Moreover, chestnut exports to Spain exceeded the volume sent to the second major destination, Moldova (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+X% per year) and the UK (+X% per year).

In value terms, Spain ($X) emerged as the key foreign market for chestnut exports from Romania, comprising X% of total exports. The second position in the ranking was held by Moldova ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (-X% per year) and the UK (+X% per year).

Export Prices by Country

The average chestnut export price stood at $X per ton in 2021, dropping by -X% against the previous year. Over the period under review, the export price recorded a mild curtailment. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Moldova ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Chestnut Imports

Imports into Romania

In 2021, supplies from abroad of chestnuts decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then reduced in the following year.

In value terms, chestnut imports soared to $X in 2021. In general, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of chestnut imports to Romania, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Spain ($X) were the largest chestnut suppliers to Romania, together comprising X% of total imports.

Germany, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average chestnut import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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