Latest Report Update: Apr 14, 2021

Romania - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Romania: Vegetable Oils Market Overview 2021

Vegetable Oils Market Size in Romania

For the third year in a row, the Romanian vegetable oils market recorded decline in sales value, which decreased by -X% to $X in 2019. Overall, consumption recorded a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.

Vegetable Oils Production in Romania

In value terms, vegetable oils production shrank remarkably to $X in 2019 estimated in export prices. In general, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. As a result, production reached the peak level of $X. From 2017 to 2019, production growth remained at a somewhat lower figure.

Vegetable Oils Exports

Exports from Romania

In 2019, exports of vegetable fats and oils from Romania amounted to X tonnes, remaining relatively unchanged against the year before. Overall, exports recorded a significant expansion. Exports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, vegetable oils exports totaled $X in 2019. Over the period under review, exports recorded significant growth. Over the period under review, exports reached the maximum in 2019 and are likely to continue growth in the near future.

Exports by Country

Germany (X tonnes) was the main destination for vegetable oils exports from Romania, accounting for a X% share of total exports. Moreover, vegetable oils exports to Germany exceeded the volume sent to the second major destination, Bulgaria (X tonnes), tenfold. Moldova (X tonnes) ranked third in terms of total exports with a X% share.

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

It was followed by Bulgaria, with a X% share.

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

Export Prices by Country

The average vegetable oils export price stood at $X per tonne in 2019, standing approx. at the previous year. Over the period under review, the export price saw a deep setback. As a result, export price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Moldova ($X per tonne), while the average price for exports to Germany ($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 Moldova, while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Oils Imports

Imports into Romania

In 2019, purchases abroad of vegetable fats and oils was finally on the rise to reach X tonnes after three years of decline. Overall, imports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2010; however, from 2011 to 2019, imports stood at a somewhat lower figure.

In value terms, vegetable oils imports surged to $X in 2019. In general, imports, however, recorded a perceptible downturn. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tonnes), Italy (X tonnes) and Germany (X tonnes) were the main suppliers of vegetable oils imports to Romania, with a combined X% share of total imports. These countries were followed by Sweden, Bulgaria, Greece, Indonesia and France, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France, while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and Germany ($X) were the largest vegetable oils suppliers to Romania, with a combined X% share of total imports. Sweden, Bulgaria, Greece, France and Indonesia lagged somewhat behind, together accounting for a further 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 2019, the average vegetable oils import price amounted to $X per tonne, which is down by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was France ($X per tonne), while the price for Indonesia ($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 vegetable fats and oils in the world?
+
The countries with the highest volumes of vegetable oils consumption in 2019 were China (1.7M tonnes), the U.S. (837K tonnes) and India (633K tonnes), with a combined 30% share of global consumption. These countries were followed by Japan, Russia, the Netherlands, Brazil, Indonesia, Pakistan, Bangladesh, Mexico, France and Nigeria, which together accounted for a further 26%.
What are the largest producers of vegetable fats and oils in the world?
+
The country with the largest volume of vegetable oils production was China (1.5M tonnes), accounting for 16% of total volume. Moreover, vegetable oils production in China exceeded the figures recorded by the second-largest producer, the U.S. (673K tonnes), twofold. The third position in this ranking was occupied by India (664K tonnes), with a 7.1% share.
What are the leading suppliers of vegetable fats and oils to Romania?
+
In value terms, Italy ($5.2M), the Netherlands ($3.5M) and Germany ($2.1M) constituted the largest vegetable oils suppliers to Romania, together accounting for 66% of total imports. These countries were followed by Sweden, Bulgaria, Greece, France and Indonesia, which together accounted for a further 24%.
What are the leading importers of vegetable fats and oils from Romania?
+
It was followed by Bulgaria, with a 12% share.
What is the average export price for vegetable fats and oils in Romania?
+
In 2019, the average vegetable oils export price amounted to $569 per tonne, standing approx. at the previous year.
What is the average import price for vegetable fats and oils in Romania?
+
The average vegetable oils import price stood at $1,504 per tonne in 2019, dropping by -10.5% against the previous year.

Product coverage:
• Prodcom 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)

This report provides an in-depth analysis of the vegetable oils 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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