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Romania - Refined Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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Romania: Refined Groundnut Oil Market Overview 2021

Refined Groundnut Oil Market Size in Romania

In 2019, after two years of decline, there was significant growth in the Romanian refined groundnut oil market, when its value increased by X% to $X. Overall, consumption enjoyed a significant increase. The pace of growth was the most pronounced in 2016 when the market value increased by X% against the previous year. Refined groundnut oil consumption peaked at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Refined Groundnut Oil Exports

Exports from Romania

In 2019, shipments abroad of refined groundnut oil was finally on the rise to reach X tonnes for the first time since 2015, thus ending a three-year declining trend. Over the period under review, exports showed significant growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, refined groundnut oil exports skyrocketed to $X in 2019. In general, exports recorded a significant expansion. Over the period under review, exports attained the peak figure at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

Italy (X tonnes) was the main destination for refined groundnut oil exports from Romania, accounting for a X% share of total exports. Moreover, refined groundnut oil exports to Italy exceeded the volume sent to the second major destination, Bulgaria (X kg), tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+X% per year) and Greece (+X% per year).

In value terms, the largest markets for refined groundnut oil exported from Romania were Italy ($X), Bulgaria ($X) and Greece ($X), with a combined X% share of total exports.

Bulgaria recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average refined groundnut oil export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. In general, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per tonne in 2018, and then fell dramatically in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Bulgaria ($X per tonne), while the average price for exports to Italy ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Greece, while the prices for the other major destinations experienced more modest paces of growth.

Refined Groundnut Oil Imports

Imports into Romania

In 2019, overseas purchases of refined groundnut oil were finally on the rise to reach X tonnes after two years of decline. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2017 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, refined groundnut oil imports soared to $X in 2019. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2019 and are likely to see steady growth in the near future.

Imports by Country

France (X tonnes), Italy (X tonnes) and Belgium (X tonnes) were the main suppliers of refined groundnut oil imports to Romania, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Italy (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest refined groundnut oil suppliers to Romania were France ($X), Italy ($X) and Belgium ($X), together accounting for X% of total imports. These countries were followed by Greece and Hungary, which together accounted for a further X (+X% per year) saw the highest growth rate of the value of imports, in terms of 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 2019, the average refined groundnut oil import price amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the import price recorded a slight setback. The growth pace was the most rapid in 2010 an increase of X% y-o-y. The import price peaked at $X per tonne in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Greece, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined groundnut oil in the world?
+
Italy (39K tonnes) constituted the country with the largest volume of refined groundnut oil consumption, accounting for 32% of total volume. Moreover, refined groundnut oil consumption in Italy exceeded the figures recorded by the second-largest consumer, Iran (18K tonnes), twofold. The third position in this ranking was occupied by Nicaragua (8.7K tonnes), with a 7.2% share.
What are the largest producers of refined groundnut oil in the world?
+
The country with the largest volume of refined groundnut oil production was Italy (38K tonnes), comprising approx. 30% of total volume. Moreover, refined groundnut oil production in Italy exceeded the figures recorded by the second-largest producer, Iran (18K tonnes), twofold. Belgium (17K tonnes) ranked third in terms of total production with a 14% share.
What are the leading suppliers of refined groundnut oil to Romania?
+
In value terms, France ($15K), Italy ($9.3K) and Belgium ($6.3K) were the largest refined groundnut oil suppliers to Romania, together accounting for 67% of total imports. Greece and Hungary lagged somewhat behind, together accounting for a further 14%.
What are the leading importers of refined groundnut oil from Romania?
+
In value terms, Italy ($3K), Bulgaria ($2.1K) and Greece ($519) constituted the largest markets for refined groundnut oil exported from Romania worldwide, together comprising 90% of total exports.
What is the average export price for refined groundnut oil in Romania?
+
In 2019, the average refined groundnut oil export price amounted to $1,896 per tonne, dropping by -77.9% against the previous year.
What is the average import price for refined groundnut oil in Romania?
+
In 2019, the average refined groundnut oil import price amounted to $2,867 per tonne, which is down by -6.7% against the previous year.

Product coverage:
• Prodcom 10415200 - Refined groundnut oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined groundnut 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 2025
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

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