Romania: Oleo Oils Market Overview 2021

Oleo Oils Market Size in Romania

For the sixth year in a row, the Romanian oleo oils market recorded growth in sales value, which increased by X% to $X in 2019. Overall, consumption showed a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Oleo Oils Production in Romania

In value terms, oleo oils production skyrocketed to $X in 2019 estimated in export prices. Overall, production continues to indicate a buoyant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Oleo Oils Exports

Exports from Romania

For the fourth year in a row, Romania recorded decline in shipments abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, which decreased by -X% to X tonnes in 2019. Overall, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2010 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

In value terms, oleo oils exports fell significantly to $X in 2019. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

Hungary (X tonnes) was the main destination for oleo oils exports from Romania, accounting for a X% share of total exports. Moreover, oleo oils exports to Hungary exceeded the volume sent to the second major destination, Bulgaria (X kg), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Hungary amounted to -X%.

In value terms, Hungary ($X) remains the key foreign market for oleo oils exports from Romania, comprising X% of total exports. The second position in the ranking was occupied by Bulgaria ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Hungary stood at -X%.

Export Prices by Country

In 2019, the average oleo oils export price amounted to $X per tonne, jumping by X% against the previous year. Over the period under review, the export price posted a strong expansion. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. The export price peaked in 2019 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Bulgaria ($X per tonne), while the average price for exports to Hungary stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria.

Oleo Oils Imports

Imports into Romania

In 2019, the amount of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil imported into Romania soared to X tonnes, picking up by X% against 2018. In general, imports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2010; however, from 2011 to 2019, imports stood at a somewhat lower figure.

In value terms, oleo oils imports surged to $X in 2019. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

Hungary (X tonnes), Austria (X tonnes) and Belgium (X tonnes) were the main suppliers of oleo oils imports to Romania, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Hungary, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oleo oils suppliers to Romania were Belgium ($X), Austria ($X) and Hungary ($X), with a combined X% share of total imports.

In terms of the main suppliers, Hungary (+X% per year) 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

The average oleo oils import price stood at $X per tonne in 2019, leveling off at the previous year. Overall, the import price, however, posted prominent growth. The growth pace was the most rapid in 2012 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per tonne in 2018, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Belgium ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the world?

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The countries with the highest volumes of oleo oils consumption in 2019 were China (5.6M tonnes), the U.S. (2.8M tonnes) and India (2.3M tonnes), with a combined 27% share of global consumption. Japan, Germany, Russia, Pakistan, Brazil, Bangladesh, Indonesia, France, Mexico and Nigeria lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the world?

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The countries with the highest volumes of oleo oils production in 2019 were China (5.6M tonnes), the U.S. (2.8M tonnes) and India (2.3M tonnes), together accounting for 28% of global production. These countries were followed by Japan, Germany, Russia, Pakistan, Brazil, Bangladesh, Indonesia, France, Mexico and Nigeria, which together accounted for a further 30%.

What are the leading suppliers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to Romania?

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In value terms, Belgium ($138K), Austria ($77K) and Hungary ($37K) constituted the largest oleo oils suppliers to Romania, together comprising 97% of total imports.

What are the leading importers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil from Romania?

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In value terms, Hungary ($3.9K) remains the key foreign market for oleo oils exports from Romania, comprising 67% of total exports. The second position in the ranking was occupied by Bulgaria ($1.8K), with a 32% share of total exports.

What is the average export price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Romania?

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In 2019, the average oleo oils export price amounted to $839 per tonne, picking up by 42% against the previous year.

What is the average import price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Romania?

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In 2019, the average oleo oils import price amounted to $5,825 per tonne, remaining stable against the previous year.