Romania: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Romania

The Romanian market for frozen, dried and smoked fish skyrocketed to $X in 2023, surging by X% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Frozen, dried and smoked fish consumption peaked in 2023 and is likely to see gradual growth in the near future.

Production of Frozen, Dried And Smoked Fish in Romania

In value terms, frozen, dried and smoked fish production soared to $X in 2023 estimated in export price. Over the period under review, production enjoyed strong growth. Frozen, dried and smoked fish production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from Romania

After two years of growth, shipments abroad of frozen, dried and smoked fish decreased by X% to X tons in 2023. In general, exports showed a deep slump. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen, dried and smoked fish exports fell modestly to $X in 2023. Over the period under review, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then fell modestly in the following year.

Exports by Country

Moldova (X tons) was the main destination for frozen, dried and smoked fish exports from Romania, accounting for a X% share of total exports. Moreover, frozen, dried and smoked fish exports to Moldova exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. Hungary (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Moldova stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Hungary (X% per year).

In value terms, Moldova ($X), Bulgaria ($X) and the Czech Republic ($X) appeared to be the largest markets for frozen, dried and smoked fish exported from Romania worldwide, together comprising X% of total exports. Hungary, Austria, Sweden, France, Croatia, the UK, Italy, Spain and Germany lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Austria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for frozen, dried and smoked fish amounted to $X per ton, picking up by X% against the previous year. Overall, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into Romania

In 2023, overseas purchases of frozen, dried and smoked fish increased by X% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, frozen, dried and smoked fish imports expanded remarkably to $X in 2023. Overall, imports saw a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are likely to see gradual growth in years to come.

Imports by Country

In 2023, the Netherlands (X tons) constituted the largest frozen, dried and smoked fish supplier to Romania, accounting for a X% share of total imports. Moreover, frozen, dried and smoked fish imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Poland (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of frozen, dried and smoked fish to Romania, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the average import price for frozen, dried and smoked fish amounted to $X per ton, picking up by X% against the previous year. In general, the import price posted a resilient increase. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked in 2023 and is likely to see steady growth in years to come.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform