ROMANIA'S SUNFLOWER SEEDS PRODUCTION, EXPORT AND IMPORTANALYSIS OF THE 2007-2017 PERIOD AND FORECAST FOR 2018-2022 HORIZON

Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 18 ISSUE 4
Written by Agatha POPESCU

The paper analyzed sunflower seeds sector in Romania in terms of production, exported and imported quantities, export and import value, trade balance and export and import prices in the period 2007-2017 and set up the forecast for the horizon 2018-2022 using the extrapolation method. Romania has a good performance in production and export of sunflower seeds, being ranked on the top position in the EU-28. The volume and quality of sunflower seeds has continuously grown, and the exported amount as well. The imported amount is 6 times lower than import, which favours the trade balance. The export was higher and higher and covered the import value resulting a positive trade balance. But, import price is higher than export price having a negative impact on the trade efficiency. For this reason, imported quantities should be kept at a low level. In the year 2022, it is expected as the seeds production. export and import to increase, as well as the trade balance to preserve its positive value. Farmers should pay attention to use high value cultivars and hybrids, to apply modern technologies, and improve the product market chain. The high demand for sunflower seeds for producing oil and biodiesel mainly in the EU and in other external markets is a chance for Romania to intensify its export.

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POPESCU A. 2018, ROMANIA'S SUNFLOWER SEEDS PRODUCTION, EXPORT AND IMPORTANALYSIS OF THE 2007-2017 PERIOD AND FORECAST FOR 2018-2022 HORIZON. Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 18 ISSUE 4, PRINT ISSN 2284-7995, 261-270.


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Copyright 2012. To be cited: Scientific Papers. Series “Management, Economic Engineering in Agriculture and Rural Development“
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