Romania: Sugar Market 2024

Sugar Market Size in Romania

The Romanian sugar market soared to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, recorded a abrupt downturn. Sugar consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugar Production in Romania

In value terms, sugar production stood at $X in 2022 estimated in export price. Over the period under review, production showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Sugar production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average sugar yield in Romania stood at less than X kg per ha, remaining relatively unchanged against the year before. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sugar harvested area in Romania amounted to less than X ha in 2022, remaining relatively unchanged against 2021 figures. In general, the harvested area recorded a relatively flat trend pattern.

Sugar Exports

Exports from Romania

In 2022, shipments abroad of sugar increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, saw a dramatic curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, sugar exports skyrocketed to $X in 2022. Overall, exports, however, saw a sharp descent. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Bulgaria (X tons) and the UK (X tons) were the main destinations of sugar exports from Romania, with a combined X% share of total exports.

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

In value terms, Poland ($X), Bulgaria ($X) and the UK ($X) appeared to be the largest markets for sugar exported from Romania worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the UK, 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

The average sugar export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Ukraine ($X per ton), while the average price for exports to Bulgaria ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Imports

Imports into Romania

Sugar imports into Romania surged to X tons in 2022, increasing by X% against the previous year's figure. Over the period under review, imports, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar imports soared to $X in 2022. In general, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of sugar to Romania, with a X% share of total imports. Moreover, sugar imports from Brazil exceeded the figures recorded by the second-largest supplier, Swaziland (X tons), fourfold. The third position in this ranking was held by South Africa (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Swaziland (X% per year) and South Africa (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of sugar to Romania, comprising X% of total imports. The second position in the ranking was held by Swaziland ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Swaziland (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2022, the average sugar import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, saw a perceptible curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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