Romania: Market for Condensed Or Evaporated Milk (Sweetened) 2024

Market Size for Condensed Or Evaporated Milk (Sweetened) in Romania

The Romanian market for condensed or evaporated milk (sweetened) surged to $X in 2022, rising by 22% against the previous year. In general, consumption enjoyed resilient growth. Sweetened condensed and evaporated milk consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Condensed Or Evaporated Milk (Sweetened) in Romania

In value terms, sweetened condensed and evaporated milk production soared to $X in 2022 estimated in export price. Overall, production continues to indicate a mild descent. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Condensed Or Evaporated Milk (Sweetened)

Exports from Romania

In 2022, overseas shipments of condensed or evaporated milk (sweetened) decreased by -95% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 1,187%. As a result, the exports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, sweetened condensed and evaporated milk exports fell markedly to $X in 2022. In general, exports showed a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 734%. As a result, the exports reached the peak of $X, and then declined markedly in the following year.

Exports by Country

Greece (X tons), Moldova (X tons) and Bulgaria (X tons) were the main destinations of sweetened condensed and evaporated milk exports from Romania, together comprising 87% of total exports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +71.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Greece ($X) and Moldova ($X) appeared to be the largest markets for sweetened condensed and evaporated milk exported from Romania worldwide, together comprising 70% of total exports.

In terms of the main countries of destination, Greece, with a CAGR of +64.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, surging by 22% against the previous year. Over the period under review, the export price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to France ($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 Spain (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Sweetened)

Imports into Romania

In 2022, the amount of condensed or evaporated milk (sweetened) imported into Romania rose sharply to X tons, increasing by 11% compared with the previous year. Over the period under review, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 143%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, sweetened condensed and evaporated milk imports fell to $X in 2022. Overall, imports posted a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by 87%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of sweetened condensed and evaporated milk to Romania, accounting for a 37% share of total imports. Moreover, sweetened condensed and evaporated milk imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. France (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+10.7% per year) and France (+31.5% per year).

In value terms, the largest sweetened condensed and evaporated milk suppliers to Romania were Germany ($X), France ($X) and Lithuania ($X), together accounting for 64% of total imports. The Netherlands, Italy, Hungary, Poland, Slovakia and Greece lagged somewhat behind, together accounting for a further 26%.

The Netherlands, with a CAGR of +108.0%, recorded 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 import price for condensed or evaporated milk (sweetened) stood at $X per ton in 2022, reducing by -14.5% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by 60% against the previous year. The import price peaked at $X per ton in 2021, and then fell in the following year.

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 France ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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