Romania: Oleo Oils Market 2022

Oleo Oils Market Size in Romania

The Romanian oleo oils market surged to $X in 2021, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Oleo Oils Production in Romania

In value terms, oleo oils production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Oleo oils production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Oleo Oils Exports

Exports from Romania

In 2021, after two years of decline, there was growth in shipments abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, when their volume increased by X% to X tons. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, oleo oils exports declined slightly to $X in 2021. In general, exports, however, saw a sharp decline. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Hungary (X tons) was the main destination for oleo oils exports from Romania, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Hungary stood at -X%.

In value terms, Hungary ($X) also remains the key foreign market for oleo oils exports from Romania.

From 2012 to 2021, the average annual growth rate of value to Hungary stood at -X%.

Export Prices by Country

In 2021, the average oleo oils export price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price saw a deep setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Hungary.

From 2012 to 2021, the rate of growth in terms of prices for Hungary amounted to -X% per year.

Oleo Oils Imports

Imports into Romania

In 2021, overseas purchases of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, oleo oils imports soared to $X in 2021. Over the period under review, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Austria (X tons), Hungary (X tons) and Switzerland (X tons) were the main suppliers of oleo oils imports to Romania, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of oleo oils to Romania, comprising X% of total imports. The second position in the ranking was taken by Hungary ($X), with an X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Austria amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+X% per year) and Switzerland (X% per year).

Import Prices by Country

The average oleo oils import price stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+X%).

Source: IndexBox Market Intelligence Platform

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