Romania: Gingerbread Market 2023

Gingerbread Market Size in Romania

The Romanian gingerbread market expanded markedly to $X in 2021, with an increase of 13% against the previous year. In general, consumption saw prominent growth. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in years to come.

Gingerbread Production in Romania

In value terms, gingerbread production reached $X in 2021 estimated in export price. Over the period under review, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 366%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Gingerbread Exports

Exports from Romania

In 2021, approx. X tons of gingerbread were exported from Romania; growing by 9.2% compared with the previous year's figure. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 97%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, gingerbread exports skyrocketed to $X in 2021. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 75% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Spain (X tons), the UK (X tons) and Poland (X tons) were the main destinations of gingerbread exports from Romania, together accounting for 65% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +494.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gingerbread exported from Romania were Poland ($X), Spain ($X) and the UK ($X), with a combined 68% share of total exports.

Among the main countries of destination, Poland, with a CAGR of +567.0%, saw the highest growth rate of 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 2021, the average gingerbread export price amounted to $X per ton, with an increase of 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.

Gingerbread Imports

Imports into Romania

Gingerbread imports into Romania soared to X tons in 2021, rising by 16% against 2020. Overall, imports recorded a strong increase. The pace of growth was the most pronounced in 2015 when imports increased by 32% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, gingerbread imports soared to $X in 2021. In general, imports posted a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by 33%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of gingerbread to Romania, with a 45% share of total imports. Moreover, gingerbread imports from Poland exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+277.3% per year) and Germany (+15.5% per year).

In value terms, Poland ($X) constituted the largest supplier of gingerbread to Romania, comprising 39% of total imports. The second position in the ranking was taken by Greece ($X), with a 19% share of total imports. It was followed by Germany, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from Poland totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+81.1% per year) and Germany (+18.0% per year).

Import Prices by Country

The average gingerbread import price stood at $X per ton in 2021, with an increase of 2.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 15% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Greece ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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