Romanian Agricultural Sector Overview Bucharest,

Transcript:Romanian Agricultural Sector Overview Bucharest,:
Romanian Agricultural Sector Overview Bucharest, October 2015 Hungary Serbia Bulgaria Moldova Ukraine Location: South-East of Europe Area: 238.391 sq km Language: Romanian Currency: RON (Romanian Leu): EX Rate: 1 EUR = = 4.5 RON; Population: 20.02 million Romania joined EU in January 2007 and NATO in 2004 General Information Political outlook The legislative body of Romania, elected by popular vote every four years, consists of two chambers: The Senate - with 176 members; The Chamber of Deputies - with 410 members. The President is also elected through popular vote, every five years. The President appoints the Prime Minister, who heads the Government and appoints its members. The judicial power belongs to The High Court of Justice and Cassation. Nominal GDP (current prices): 151.3 billion EUR GDP growth rate: 2% (1.3% in EU-28) GDP/capita (at PPP): 14 674 EUR (54% of the EU-28 average) Inflation rate (consumer prices): 1.5% Unemployment rate (year-end): 7% Share of agriculture in the Romanian economy: -in GDP: 6.6% ( 1.7% in EU-28) -in total employment: 32.6% (5.3% in EU-28) Macroeconomics: key data (2014) Rural population accounts for 45% of Romanian’s population (vs. an EU average of 26%). Population employed in agriculture accounts for 32% of total labor force (aprox. 6 times the EU-27 average). 14.3 million hectares agricultural land of which 8.3 million hectares arable land (cereals 63%, oilseeds 18%). Average yields with 3.0 to/ha in wheat and corn or 2-2.5 to/ha in sunflower are well below the EU average levels. Romania’s Agriculture Output components: 2009-2013 average In 2014, crop production (in value terms) accounted for 74%, while livestock production for 26% (crop prod. in Bulgaria 70%, in Hungary 63.5%, France 60%, Germany 50%) Evolution of agri-food trade The trade deficit decreasing after 2008. High dependence on EU trading partners (the commautary preference principle): imports: from 38% in 2002 to 80% after 2011; exports: from 51% in 2002 to 60% in 2013 (with a peak of 72% in 2011). The same structure has been prevailing even after the EU integration in Romania’s agri trade flows: About 70% of the total export value are raw materials or primarily processed products (live animals, cereals, oilseeds, tobacco, fats and vegetable oils). The bulk of imports consists of meat, milk and cheeses, various preparations, vegetable protein (soybeans), animal feed, alcoholic drinks, coffee , sugar, cocoa, fruits and vegetables. (high value final products make up for 52% of Hungary’s exports, respectively