Romania: Chestnut Market Overview 2021

Chestnut Market Size in Romania

The Romanian chestnut market soared to $X in 2020, jumping by X% against the previous year. In general, consumption saw a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the market reached the peak level in 2020 and is expected to retain growth in years to come.

Chestnut Production in Romania

In value terms, chestnut production fell slightly to $X in 2020 estimated in export prices. Over the period under review, production, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2019 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X, and then shrank slightly in the following year.

In 2020, the average chestnut yield in Romania shrank to X tonnes per ha, standing approx. at the previous year. In general, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by X% y-o-y. As a result, the yield attained the peak level of X tonnes per ha. from 2019 to 2020, the growth of the average chestnut yield remained 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.

The chestnut harvested area in Romania amounted to X ha in 2020, stabilizing at 2019. Over the period under review, the total harvested area indicated resilient growth from 2012 to 2020: its figure increased at an average annual rate of +X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, chestnut harvested area increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha; afterwards, it flattened through to 2020.

Chestnut Exports

Exports from Romania

In 2020, overseas shipments of chestnuts decreased by -X% to X kg, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, chestnut exports reduced rapidly to $X in 2020. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. As a result, exports attained the peak of $X. from 2019 to 2020, the growth exports remained at a lower figure.

Exports by Country

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

From 2012 to 2020, the average annual growth rate of volume to Moldova amounted to +X%.

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

From 2012 to 2020, the average annual rate of growth in terms of value to Moldova amounted to +X%.

Export Prices by Country

In 2020, the average chestnut export price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the last eight-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne, and then fell modestly in the following year.

Average prices varied noticeably for the major export markets. In 2020, the country with the highest price was the UK ($X per tonne), while the average price for exports to Moldova stood at $X per tonne.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK.

Chestnut Imports

Imports into Romania

In 2020, chestnut imports into Romania surged to X tonnes, picking up by X% compared with 2019. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to see gradual growth in the immediate term.

In value terms, chestnut imports surged to $X in 2020. Overall, imports recorded buoyant growth. 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. from 2018 to 2020, the growth imports remained at a lower figure.

Imports by Country

China (X tonnes), Italy (X tonnes) and Turkey (X tonnes) were the main suppliers of chestnut imports to Romania, with a combined X% share of total imports. The Netherlands, Germany, Greece and Croatia lagged somewhat behind, together comprising a further X 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and China ($X) appeared to be the largest chestnut suppliers to Romania, together comprising X% of total imports. Germany, the Netherlands, Greece and Croatia lagged somewhat behind, together accounting for a further X (+X% per year) saw 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 2020, the average chestnut import price amounted to $X per tonne, with an increase of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2017; however, from 2018 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, 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 2020, the most notable rate of growth in terms of prices was attained by Croatia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chestnuts in the world?

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China (1.9M tonnes) remains the largest chestnut consuming country worldwide, comprising approx. 82% of total volume. Moreover, chestnut consumption in China exceeded the figures recorded by the second-largest consumer, Bolivia (89K tonnes), more than tenfold. Turkey (58K tonnes) ranked third in terms of total consumption with a 2.6% share.

What are the largest producers of chestnuts in the world?

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China (1.9M tonnes) remains the largest chestnut producing country worldwide, accounting for 83% of total volume. Moreover, chestnut production in China exceeded the figures recorded by the second-largest producer, Bolivia (89K tonnes), more than tenfold. The third position in this ranking was occupied by Turkey (65K tonnes), with a 2.9% share.

What are the leading suppliers of chestnuts to Romania?

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In value terms, Turkey ($249K), Italy ($247K) and China ($135K) constituted the largest chestnut suppliers to Romania, with a combined 66% share of total imports. Germany, the Netherlands, Greece and Croatia lagged somewhat behind, together accounting for a further 31%.

What are the leading importers of chestnuts from Romania?

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In value terms, Moldova ($2.2K) remains the key foreign market for chestnut exports from Romania, comprising 91% of total exports. The second position in the ranking was occupied by the UK ($223), with a 9.2% share of total exports.

What is the average export price for chestnuts in Romania?

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The average chestnut export price stood at $3,507 per tonne in 2020, waning by -1.7% against the previous year.

What is the average import price for chestnuts in Romania?

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The average chestnut import price stood at $2,102 per tonne in 2020, with an increase of 3.3% against the previous year.

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