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

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

The Romanian market for condensed or evaporated milk (unsweetened) skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption recorded significant growth. Unsweetened condensed and evaporated milk consumption peaked in 2022 and is likely to continue growth in the immediate term.

Production of Condensed Or Evaporated Milk (Unsweetened) in Romania

In value terms, unsweetened condensed and evaporated milk production expanded to $X in 2022 estimated in export price. In general, production showed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Unsweetened condensed and evaporated milk production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Romania

In 2022, shipments abroad of condensed or evaporated milk (unsweetened) was finally on the rise to reach X tons after seven years of decline. In general, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, unsweetened condensed and evaporated milk exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Greece (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Romania, with a X% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to Greece exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Greece totaled X%.

In value terms, Greece ($X) remains the key foreign market for condensed or evaporated milk (unsweetened) exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Greece stood at X%.

Export Prices by Country

The average export price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Bulgaria stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (X%).

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Romania

In 2022, purchases abroad of condensed or evaporated milk (unsweetened) increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, unsweetened condensed and evaporated milk imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Hungary (X tons) constituted the largest unsweetened condensed and evaporated milk supplier to Romania, with a X% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from Hungary exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. The third position in this ranking was taken by Greece (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Greece (X% per year).

In value terms, the largest unsweetened condensed and evaporated milk suppliers to Romania were Hungary ($X), Denmark ($X) and Greece ($X), with a combined X% share of total imports.

In terms of the main suppliers, Greece, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for condensed or evaporated milk (unsweetened) amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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