Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Romania - 2023

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Romania (CIF) - 2022
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Romania (FOB) - 2023
3. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Romania
4. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Romania

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Romania (CIF) - 2022

In 2022, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,279 per ton, increasing by 24% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for liquid margarine and edible mixtures of animal or vegetable fats increased by +90.3% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 37%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($7,148 per ton), while the price for Indonesia ($1,689 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Romania (FOB) - 2023

The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,366 per ton in October 2023, shrinking by -12.3% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 22% m-o-m. As a result, the export price attained the peak level of $1,857 per ton. From January 2023 to October 2023, the 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 ($2,200 per ton), while the average price for exports to North Macedonia ($1,231 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Romania

For the fourth year in a row, Romania recorded growth in supplies from abroad of liquid margarine and edible mixtures of animal or vegetable fats, which increased by 0.5% to 18K tons in 2022. The total import volume increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats surged to $41M in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 74%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Romania in 2022:

1. Turkey (3.6K tons)
2. Sweden (3.3K tons)
3. Ukraine (2.3K tons)
4. Hungary (2.1K tons)
5. Poland (1.7K tons)
6. Greece (1.2K tons)
7. Indonesia (0.8K tons)
8. Netherlands (0.7K tons)
9. Bulgaria (0.6K tons)
10. Italy (0.5K tons)
11. Germany (0.4K tons)
12. Malaysia (0.2K tons)

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Romania

In 2022, after three years of growth, there was significant decline in shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats, when their volume decreased by -35.9% to 1.4K tons. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 269%. As a result, the exports attained the peak of 2.2K tons, and then dropped remarkably in the following year.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats dropped sharply to $2.2M in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 230%. As a result, the exports attained the peak of $2.7M, and then dropped rapidly in the following year.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Romania in 2022:

1. Bulgaria (310.2 tons)
2. Moldova (300.3 tons)
3. Bosnia and Herzegovina (188.9 tons)
4. Serbia (175.5 tons)
5. Kosovo (117.6 tons)
6. Hungary (85.3 tons)
7. North Macedonia (83.7 tons)
8. Greece (46.1 tons)

Source: IndexBox Market Intelligence Platform