Romania: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Romania

The Romanian market for powdered, condensed or evaporated milk soared to $X in 2022, growing by X% against the previous year. Over the period under review, consumption showed a significant increase. Powdered, condensed or evaporated milk consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Powdered, Condensed Or Evaporated Milk in Romania

In value terms, powdered, condensed or evaporated milk production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Romania

In 2022, shipments abroad of powdered, condensed or evaporated milk increased by X% to X tons for the first time since 2014, thus ending a seven-year declining trend. In general, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, powdered, condensed or evaporated milk exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Greece (X tons), Bulgaria (X tons) and Poland (X tons) were the main destinations of powdered, condensed or evaporated milk exports from Romania, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for powdered, condensed or evaporated milk exported from Romania were Greece ($X), Bulgaria ($X) and Hungary ($X), together accounting for X% of total exports.

Among the main countries of destination, Hungary, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for powdered, condensed or evaporated milk amounted to $X per ton, approximately equating the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price 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, powdered, condensed or evaporated milk export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to the Netherlands ($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 Bulgaria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Romania

In 2022, imports of powdered, condensed or evaporated milk into Romania surged to X tons, jumping by X% compared with the previous year's figure. Overall, imports recorded a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, powdered, condensed or evaporated milk imports soared to $X in 2022. Over the period under review, imports recorded buoyant growth. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Hungary (X tons) constituted the largest powdered, condensed or evaporated milk supplier to Romania, with a X% share of total imports. Moreover, powdered, condensed or evaporated milk imports from Hungary exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. Poland (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, the largest powdered, condensed or evaporated milk suppliers to Romania were Poland ($X), the Netherlands ($X) and Ireland ($X), together accounting for X% of total imports.

Ireland, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, reducing by X% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Ireland ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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