Romania: Sunflower Oilcake Market 2024

Sunflower Oilcake Market Size in Romania

After four years of growth, the Romanian sunflower oilcake market decreased by X% to $X in 2022. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Sunflower oilcake consumption peaked at $X in 2021, and then dropped significantly in the following year.

Sunflower Oilcake Production in Romania

In value terms, sunflower oilcake production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Sunflower Oilcake Exports

Exports from Romania

In 2022, after three years of decline, there was significant growth in overseas shipments of sunflower oilcake, when their volume increased by X% to X tons. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its volume 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 pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, sunflower oilcake exports skyrocketed to $X in 2022. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X tons), Morocco (X tons) and Israel (X tons) were the main destinations of sunflower oilcake exports from Romania, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sunflower oilcake exported from Romania were France ($X), Morocco ($X) and Israel ($X), with a combined X% share of total exports.

Morocco, with a CAGR of X%, saw 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

In 2022, the average sunflower oilcake export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated a notable 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, sunflower oilcake export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Bulgaria ($X per ton), while the average price for exports to Hungary ($X per ton) and Morocco ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sunflower Oilcake Imports

Imports into Romania

In 2022, purchases abroad of sunflower oilcake increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sunflower oilcake imports skyrocketed to $X in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Bulgaria (X tons) constituted the largest sunflower oilcake supplier to Romania, with a X% share of total imports. Moreover, sunflower oilcake imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), twofold. Hungary (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Bulgaria ($X), Ukraine ($X) and Hungary ($X) appeared to be the largest sunflower oilcake suppliers to Romania, with a combined X% share of total imports.

Ukraine, with a CAGR of X%, 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 2022, the average sunflower oilcake import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price recorded a mild decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 the Netherlands ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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