Romania: Soybean Oil Market 2020

Soybean Oil Market Size in Romania

The revenue of the soybean oil market in Romania amounted to $X in 2017, reducing by -X% against the previous year. Overall, soybean oil consumption continues to indicate a dramatic downturn. The pace of growth was the most pronounced in 2013, with an increase of X% year-to-year. Romania soybean oil consumption peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Soybean Oil Production in Romania

In 2017, the amount of soya-bean oil produced in Romania amounted to X tons, going down by -X% against the previous year. In general, soybean oil production continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2013, when it surged by X% y-o-y. Over the period under review, the soybean oil production attained its maximum volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Soybean Oil Exports from Romania

In 2017, approx. X tons of soya-bean oil were exported from Romania; going down by -X% against the previous year. Overall, soybean oil exports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2015, when exports increased by X% y-o-y. Romania exports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, soybean oil exports totaled $X in 2017. Overall, soybean oil exports continue to indicate a noticeable expansion. In that year, the soybean oil exports attained their peak level of $X, and then declined slightly in the following year.

Soybean Oil Exports by Country from Romania

Argentina was the major exporting country with an export of around X tons, which finished at X% of total exports. Brazil (X tons) held the second position in the ranking, followed by the U.S. (X tons), Russia (X tons) and the Netherlands (X tons). All these countries together took approx. X% share of total exports. The following exporters - Spain (X tons), Bolivia (X tons), Germany (X tons), Canada (X tons) and Ukraine (X tons) together made up X% of total exports.

From 2007 to 2017, average annual rates of growth with regard to soybean oil exports from Argentina stood at -X%. At the same time, Ukraine (+X%), Canada (+X%), Russia (+X%), Spain (+X%), Bolivia (+X%), Germany (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Brazil (-X%) illustrated a downward trend over the same period. While the share of Argentina (X%) and Brazil (X%) increased significantly in terms of the global exports from 2007-2017, the share of Canada (-X%), the U.S. (-X%) and Russia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest soybean oil supplier from Romania, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

In Argentina, soybean oil exports shrank by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and the U.S. (+X% per year).

Soybean Oil Export Prices by Country in Romania

The soybean oil export price in Romania stood at $X per ton in 2017, growing by X% against the previous year. Overall, soybean oil export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when it surged by X% y-o-y. In that year, the export prices for soya-bean oil reached their peak level of $X per ton. From 2009 to 2017, growth of the export prices for soya-bean oil stood at a somewhat lower level.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Germany ($X per ton) and Spain ($X per ton), while Bolivia ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Argentina (+X% per year), while the other leaders experienced more modest paces of growth.

Soybean Oil Imports into Romania

In 2017, the amount of soya-bean oil imported into Romania stood at X tons, shrinking by -X% against the previous year. In general, soybean oil imports continue to indicate a deep decrease. The pace of growth appeared the most rapid in 2013, when imports increased by X% against the previous year. Romania imports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, soybean oil imports stood at $X in 2017. Overall, soybean oil imports continue to indicate a drastic contraction. Over the period under review, the soybean oil imports attained its peak figure level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Soybean Oil Imports by Country into Romania

In 2017, India (X tons), distantly followed by Iran (X tons), Bangladesh (X tons), Algeria (X tons) and China (X tons) were the major importers of soya-bean oil, together comprising X% of total imports. Venezuela (X tons), Morocco (X tons), Peru (X tons), South Korea (X tons), Colombia (X tons) and Mexico (X tons) took the minor share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Iran ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

Iran (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Soybean Oil Import Prices by Country in Romania

The soybean oil import price in Romania stood at $X per ton in 2017, surging by X% against the previous year. Overall, soybean oil import price continues to indicate a slight drop. The pace of growth appeared the most rapid in 2011, an increase of X% against the previous year. Romania import price peaked of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Venezuela ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Venezuela (+X% per year), while the other leaders experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Source: IndexBox Platform