Oleo oils Market in Romania
Market Overview
In 
, the Romanian oleo oils market decreased by -% to $ for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, continues to indicate a strong expansion. Over the period under review, the market hit record highs at $ in , and then reduced dramatically in the following year.
In value terms, oleo oils production fell remarkably to $ in estimated in export price. Overall, production, however, showed a resilient increase. The pace of growth was the most pronounced in 2019 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in , and then contracted sharply in the following year.
, the Romanian oleo oils market decreased by -% to $ for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, continues to indicate a strong expansion. Over the period under review, the market hit record highs at $ in , and then reduced dramatically in the following year.In value terms, oleo oils production fell remarkably to $
in estimated in export price. Overall, production, however, showed a resilient increase. The pace of growth was the most pronounced in 2019 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in , and then contracted sharply in the following year.Consumption
In , after four years of growth, there was significant decline in consumption of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, when its volume decreased by -% to tons. Overall, consumption, however, posted a prominent expansion. Oleo oils consumption peaked at tons in , and then reduced rapidly in the following year.
The value of the oleo oils market in Romania dropped significantly to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted buoyant growth. Oleo oils consumption peaked at $ in , and then shrank significantly in the following year.
, after four years of growth, there was significant decline in consumption of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, when its volume decreased by -% to tons. Overall, consumption, however, posted a prominent expansion. Oleo oils consumption peaked at tons in , and then reduced rapidly in the following year.The value of the oleo oils market in Romania dropped significantly to $
in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted buoyant growth. Oleo oils consumption peaked at $ in , and then shrank significantly in the following year.Market Forecast
Driven by increasing demand for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Romania, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Romania remains a net exporter of oleo oils; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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