Romania: Market for Frozen Fish and Seafood 2024

Market Size for Frozen Fish and Seafood in Romania

The Romanian frozen fish and seafood market expanded sharply to $X in 2023, with an increase of X% against the previous year. In general, the total consumption indicated prominent 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 2018 indices. Over the period under review, the market hit record highs in 2023 and is likely to see steady growth in the near future.

Production of Frozen Fish and Seafood in Romania

In value terms, frozen fish and seafood production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2023, production growth remained at a somewhat lower figure.

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Exports of Frozen Fish and Seafood

Exports from Romania

In 2023, the amount of frozen fish and seafood exported from Romania contracted dramatically to X tons, reducing by X% against 2022. Overall, exports showed a deep setback. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen fish and seafood exports reduced slightly to $X in 2023. In general, exports, however, saw measured growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then reduced modestly in the following year.

Exports by Country

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

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

In value terms, Moldova ($X) remains the key foreign market for frozen fish and seafood exports from Romania, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Moldova totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Austria (X% per year).

Export Prices by Country

In 2023, the average frozen fish and seafood export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Italy ($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 Fish and Seafood

Imports into Romania

In 2023, supplies from abroad of frozen fish and seafood increased by X% to X tons, rising for the third consecutive year 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 consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, frozen fish and seafood imports rose notably to $X in 2023. Over the period under review, imports recorded prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to see steady growth in the near future.

Imports by Country

In 2023, the Netherlands (X tons) constituted the largest supplier of frozen fish and seafood to Romania, with a X% share of total imports. Moreover, frozen fish and seafood 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 growth rate of volume from the Netherlands totaled 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 largest frozen fish and seafood suppliers to Romania were the Netherlands ($X), Spain ($X) and Turkey ($X), together comprising X% of total imports. Poland, Vietnam, Sweden, Tanzania, Bulgaria, Germany, Canada, Ireland, China and Latvia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the average frozen fish and seafood import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2023: its price 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, frozen fish and seafood import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2023 and is expected to retain growth in the immediate term.

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