Romania: Chestnut Market Overview 2021

Chestnut Market Size in Romania

The Romanian chestnut market skyrocketed to $X in 2019, jumping by X% against the previous year. Overall, consumption posted a buoyant increase. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2018 to 2019, the growth of the market remained at a somewhat lower figure.

Chestnut Production in Romania

In value terms, chestnut production surged to $X in 2019 estimated in export prices. Over the period under review, production recorded strong growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

The average yield of chestnuts in Romania shrank to X tonnes per ha in 2019, dropping by -X% against the year before. Over the period under review, the yield showed a slight slump. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, the average chestnut yield reached the maximum level at X tonnes per ha in 2014; however, from 2015 to 2019, 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 2019, the harvested area of chestnuts in Romania rose significantly to X ha, with an increase of X% compared with 2018. In general, the total harvested area indicated strong growth from 2012 to 2019: its figure increased at an average annual rate of +X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, chestnut harvested area increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to chestnut production reached the maximum in 2019 and is likely to see gradual growth in the near future.

Chestnut Exports

Exports from Romania

In 2019, overseas shipments of chestnuts decreased by -X% to X kg for the first time since 2016, thus ending a two-year rising trend. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes, and then dropped dramatically in the following year.

In value terms, chestnut exports plummeted to $X in 2019. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, exports attained the peak of $X, and then shrank notably in the following year.

Exports by Country

Italy (X kg) was the main destination for chestnut exports from Romania, accounting for a approx. X% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Italy totaled +X%.

From 2012 to 2019, the average annual rate of growth in terms of value to Italy totaled +X%.

Export Prices by Country

The average chestnut export price stood at $X per tonne in 2019, with an increase of X% against the previous year. Over the period from 2012 to 2019, it increased at an average annual rate of +X%. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2019, the rate of growth in terms of prices for Italy amounted to -X% per year.

Chestnut Imports

Imports into Romania

In 2019, the amount of chestnuts imported into Romania surged to X tonnes, picking up by X% against the previous year. Over the period under review, imports showed a strong increase. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. From 2018 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, chestnut imports skyrocketed to $X in 2019. In general, imports saw a resilient increase. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2018 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

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

From 2012 to 2019, the biggest increases were in Italy, while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2019, the average annual rate of growth in terms of value from Italy stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2019, the average chestnut import price amounted to $X per tonne, almost unchanged from the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2017; however, from 2018 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 ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Bulgaria, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chestnuts in the world?

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China (3.7M tonnes) constituted the country with the largest volume of chestnut consumption, accounting for 90% of total volume. It was followed by Bolivia (86K tonnes), with a 2.1% share of total consumption. The third position in this ranking was occupied by Italy (63K tonnes), with a 1.5% share.

What are the largest producers of chestnuts in the world?

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China (3.7M tonnes) remains the largest chestnut producing country worldwide, accounting for 90% of total volume. It was followed by Bolivia (86K tonnes), with a 2.1% share of total production.

What are the leading suppliers of chestnuts to Romania?

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In value terms, Italy ($241K) constituted the largest supplier of chestnut to Romania, comprising 34% of total imports. The second position in the ranking was occupied by Germany ($118K), with a 17% share of total imports. It was followed by Turkey, with a 13% share.

What is the average export price for chestnuts in Romania?

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The average chestnut export price stood at $3,569 per tonne in 2019, rising by 47% against the previous year.

What is the average import price for chestnuts in Romania?

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In 2019, the average chestnut import price amounted to $2,035 per tonne, approximately reflecting the previous year.