Latest Report Update: Dec 30, 2021

Romania - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Romania: Virgin Olive Oil Market Overview 2021

Virgin Olive Oil Market Size in Romania

The Romanian virgin olive oil market soared to $X in 2020, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a remarkable increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level in 2020 and is expected to retain growth in years to come.

Virgin Olive Oil Exports

Exports from Romania

In 2020, overseas shipments of virgin olive oil increased by X% to X tonnes, rising for the third consecutive year after two years of decline. In general, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, virgin olive oil exports skyrocketed to $X in 2020. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

Moldova (X tonnes) was the main destination for virgin olive oil exports from Romania, accounting for a X% share of total exports. Moreover, virgin olive oil exports to Moldova exceeded the volume sent to the second major destination, France (X tonnes), sevenfold. Germany (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Moldova amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Germany (-X% per year).

In value terms, Moldova ($X) emerged as the key foreign market for virgin olive oil exports from Romania, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Moldova stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Germany (-X% per year).

Export Prices by Country

In 2020, the average virgin olive oil export price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2020, the highest prices were recorded for prices to Armenia ($X per tonne) and Moldova ($X per tonne), while the average price for exports to France ($X per tonne) and Germany ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Denmark, while the prices for the other major destinations experienced more modest paces of growth.

Virgin Olive Oil Imports

Imports into Romania

For the third year in a row, Romania recorded growth in overseas purchases of virgin olive oil, which increased by X% to X tonnes in 2020. Overall, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, virgin olive oil imports soared to $X in 2020. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked in 2020 and are likely to continue growth in the near future.

Imports by Country

Italy (X tonnes), Spain (X tonnes) and Greece (X tonnes) were the main suppliers of virgin olive oil imports to Romania, together comprising X% of total imports. These countries were followed by Bulgaria, Germany, France and Turkey, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and Greece ($X) constituted the largest virgin olive oil suppliers to Romania, together accounting for X% of total imports. Germany, Bulgaria, France and Turkey lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average virgin olive oil import price stood at $X per tonne in 2020, waning by -X% against the previous year. Overall, the import price continues to indicate a mild descent. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. The import price peaked at $X per tonne in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bulgaria, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for virgin olive oil in the world?
+
The country with the largest volume of virgin olive oil consumption was Spain (1.3M tonnes), comprising approx. 33% of total volume. Moreover, virgin olive oil consumption in Spain exceeded the figures recorded by the second-largest consumer, Italy (498K tonnes), threefold. The third position in this ranking was occupied by the U.S. (313K tonnes), with a 7.7% share.
What are the largest producers of virgin olive oil in the world?
+
Spain (1.9M tonnes) constituted the country with the largest volume of virgin olive oil production, accounting for 48% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Tunisia (494K tonnes), fourfold. The third position in this ranking was occupied by Greece (329K tonnes), with a 8.2% share.
What are the leading suppliers of virgin olive oil to Romania?
+
In value terms, Italy ($7.4M), Spain ($4.2M) and Greece ($2.8M) constituted the largest virgin olive oil suppliers to Romania, together accounting for 82% of total imports. These countries were followed by Germany, Bulgaria, France and Turkey, which together accounted for a further 15%.
What are the leading importers of virgin olive oil from Romania?
+
In value terms, Moldova ($71K) emerged as the key foreign market for virgin olive oil exports from Romania, comprising 76% of total exports. The second position in the ranking was occupied by France ($8.5K), with a 9.1% share of total exports. It was followed by Germany, with a 5.5% share.
What is the average export price for virgin olive oil in Romania?
+
In 2020, the average virgin olive oil export price amounted to $5,021 per tonne, with a decrease of -3.8% against the previous year.
What is the average import price for virgin olive oil in Romania?
+
In 2020, the average virgin olive oil import price amounted to $3,943 per tonne, reducing by -4% against the previous year.

Product coverage:
• FCL 261 - Oil of Olives, Virgin

This report provides an in-depth analysis of the virgin olive oil market in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Romania

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Romania
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020
Webinar: Decarbonisation and Your Business Strategy - Zero Net Carbon Buildings

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 22nd, 2022 @ 04:00 pm ET


Register
Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 8th, 2022 @ 04:00 pm ET


Register
Webinar: Decarbonisation and Your Business Strategy - Steps and Practices

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, January 25th, 2022 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data