Romania: Chewing Gum Market 2024

Chewing Gum Market Size in Romania

In 2022, the Romanian chewing gum market increased by X% to $X, rising for the third consecutive year after seven years of decline. In general, consumption, however, recorded a abrupt slump. Chewing gum consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Chewing Gum Production in Romania

In value terms, chewing gum production rose slightly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Chewing gum production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Chewing Gum Exports

Exports from Romania

In 2022, approx. X tons of chewing gum were exported from Romania; growing by X% on the year before. Overall, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, chewing gum exports reduced to $X in 2022. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons), the UK (X tons) and Spain (X tons) were the main destinations of chewing gum exports from Romania, with a combined X% share of total exports. Italy, Hungary, Germany, the Netherlands, Moldova, Bulgaria, Slovakia and Poland lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for chewing gum exported from Romania were Hungary ($X), the UK ($X) and Turkey ($X), with a combined X% share of total exports. Moldova, Bulgaria, Italy, Spain, Slovakia, the Netherlands, Poland and Germany lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

The average chewing gum export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chewing Gum Imports

Imports into Romania

In 2022, after four years of decline, there was significant growth in purchases abroad of chewing gum, when their volume increased by X% to X tons. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, chewing gum imports totaled $X in 2022. In general, total imports indicated a strong expansion 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), the UK (X tons) and Hungary (X tons) were the main suppliers of chewing gum imports to Romania, with a combined X% share of total imports. The Czech Republic, Bulgaria, North Macedonia, Brazil and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by North Macedonia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chewing gum suppliers to Romania were the UK ($X), Turkey ($X) and Hungary ($X), together comprising X% of total imports. The Czech Republic, Bulgaria, North Macedonia, Spain and Brazil lagged somewhat behind, together accounting for a further X%.

North Macedonia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chewing gum import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price, however, posted resilient growth. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :