Romania: Canned Vegetable Market 2024

Canned Vegetable Market Size in Romania

The Romanian canned vegetable market expanded slightly to $X in 2022, with an increase of 4.2% 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 posted a strong expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Canned Vegetable Exports

Exports from Romania

In 2022, overseas shipments of canned vegetables increased by 29% to X tons, rising for the sixth year in a row after two years of decline. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, canned vegetable exports surged to $X in 2022. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Bulgaria (X tons), the UK (X tons) and Greece (X tons) were the main destinations of canned vegetable exports from Romania, with a combined 59% share of total exports. Moldova, Italy, Ukraine, Spain, Serbia, Hungary, Germany and Armenia lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +216.3%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X) remains the key foreign market for canned vegetables exports from Romania, comprising 38% of total exports. The second position in the ranking was taken by Greece ($X), with a 16% share of total exports. It was followed by the UK, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to Bulgaria amounted to +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+51.4% per year) and the UK (+29.2% per year).

Export Prices by Country

The average canned vegetable export price stood at $X per ton in 2022, reducing by -3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 an increase of 11%. The export price peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Armenia ($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 Hungary (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Romania

Canned vegetable imports into Romania expanded notably to X tons in 2022, with an increase of 8% on the previous year's figure. In general, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 21%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, canned vegetable imports rose significantly to $X in 2022. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2013 with an increase of 28%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Turkey (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of canned vegetable imports to Romania, with a combined 56% share of total imports. Hungary, Greece, Poland, Spain, Bulgaria and the Czech Republic lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +27.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and Germany ($X) appeared to be the largest canned vegetable suppliers to Romania, with a combined 54% share of total imports. Greece, Hungary, Spain, Poland, Bulgaria and the Czech Republic lagged somewhat behind, together comprising a further 37%.

Spain, with a CAGR of +26.1%, saw 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

In 2022, the average canned vegetable import price amounted to $X per ton, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2018 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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