Romania: Nuts Market 2024

Nuts Market Size in Romania

For the third consecutive year, the Romanian nuts market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Nuts Production in Romania

In value terms, nuts production rose notably to $X in 2022 estimated in export price. In general, production, however, saw a notable expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

The average yield of nuts in Romania rose remarkably to X tons per ha in 2022, growing by X% against the previous year's figure. In general, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. The nuts yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the nuts harvested area in Romania dropped to X ha, which is down by X% against 2021 figures. In general, the total harvested area indicated a buoyant expansion from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nuts harvested area increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha, and then dropped in the following year.

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Nuts Exports

Exports from Romania

Nuts exports from Romania shrank rapidly to X tons in 2022, dropping by X% on 2021. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, nuts exports shrank rapidly to $X in 2022. Overall, exports, however, continue to indicate measured growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Turkey (X tons) and Ireland (X tons) were the main destinations of nuts exports from Romania, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of X.1%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for nuts exports from Romania, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Germany (X% per year).

Export Prices by Country

The average nuts export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 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 Italy ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nuts Imports

Imports into Romania

Nuts imports into Romania dropped to X tons in 2022, with a decrease of X% on the year before. Over the period under review, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, nuts imports reduced to $X in 2022. Overall, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of nuts to Romania, accounting for a X% share of total imports. Moreover, nuts imports from Belgium exceeded the figures recorded by the second-largest supplier, Poland (X tons), ninefold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Germany (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of nuts to Romania, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Hungary (X% per year).

Import Prices by Country

In 2022, the average nuts import price amounted to $X per ton, falling by X% against the previous year. In general, the import price saw a mild downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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