Romania: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Romania

The Romanian buttermilk and buttermilk powder market skyrocketed to $X in 2022, picking up by X% against the previous year. In general, consumption recorded a strong increase. Buttermilk and buttermilk powder consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Buttermilk And Buttermilk Powder in Romania

In value terms, buttermilk and buttermilk powder production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Exports of Buttermilk And Buttermilk Powder

Exports from Romania

In 2022, shipments abroad of buttermilk and buttermilk powder increased by X% to X tons, rising for the fifth consecutive year after three years of decline. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, buttermilk and buttermilk powder exports skyrocketed to $X in 2022. In general, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons), Bulgaria (X tons) and Moldova (X tons) were the main destinations of buttermilk and buttermilk powder exports from Romania, together comprising X% of total exports. The UK, Spain, Hungary and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), the UK ($X) and Moldova ($X) appeared to be the largest markets for buttermilk and buttermilk powder exported from Romania worldwide, with a combined X% share of total exports. Bulgaria, Spain, Belgium and Hungary lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 buttermilk and buttermilk powder export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

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

Imports of Buttermilk And Buttermilk Powder

Imports into Romania

In 2022, approx. X tons of buttermilk and buttermilk powder were imported into Romania; rising by X% on 2021. In general, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, buttermilk and buttermilk powder imports soared to $X in 2022. Overall, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of buttermilk and buttermilk powder imports to Romania, with a combined X% share of total imports. Belgium, the Czech Republic and Bulgaria lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest buttermilk and buttermilk powder suppliers to Romania were Hungary ($X), Germany ($X) and Poland ($X), together accounting for X% of total imports. Belgium, Bulgaria and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to 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 buttermilk and buttermilk powder import price amounted to $X per ton, surging by 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 2018 an increase of X%. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

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 Hungary ($X per ton), while the price for the Czech Republic ($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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