Romania: Prepared Drier Market 2024

Prepared Drier Market Size in Romania

The Romanian prepared drier market skyrocketed to $X in 2023, growing 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). Overall, consumption, however, continues to indicate a mild increase. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Prepared Drier Exports

Exports from Romania

In 2023, shipments abroad of prepared driers decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, prepared drier exports surged to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for prepared drier exports from Romania, with a X% share of total exports. Moreover, prepared drier exports to Bulgaria exceeded the volume sent to the second major destination, Moldova (X tons), threefold. The third position in this ranking was held by the UK (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Bulgaria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (X% per year) and the UK (X% per year).

In value terms, Bulgaria ($X) remains the key foreign market for prepared driers exports from Romania, comprising X% of total exports. The second position in the ranking was held by Moldova ($X), with an X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Bulgaria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (X% per year) and the UK (X% per year).

Export Prices by Country

The average prepared drier export price stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price showed a resilient increase. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The export price peaked in 2023 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 Bulgaria ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Prepared Drier Imports

Imports into Romania

In 2023, approx. X tons of prepared driers were imported into Romania; which is down by X% on the year before. Overall, imports showed a slight shrinkage. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports remained at a lower figure.

In value terms, prepared drier imports soared to $X in 2023. Over the period under review, imports, however, showed a slight expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), Greece (X tons) and Italy (X tons) were the main suppliers of prepared drier imports to Romania, with a combined X% share of total imports. The Netherlands, Bulgaria, Egypt and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of prepared driers to Romania, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total imports. It was followed by Greece, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Greece (X% per year).

Import Prices by Country

The average prepared drier import price stood at $X per ton in 2023, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform