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

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 g...

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Main Author: Agatha POPESCU
Format: Article
Language:English
Published: University of Agricultural Sciences and Veterinary Medicine, Bucharest 2018-01-01
Series:Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development
Online Access:https://managementjournal.usamv.ro/pdf/vol.18_4/Art35.pdf
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author Agatha POPESCU
author_facet Agatha POPESCU
author_sort Agatha POPESCU
collection DOAJ
description 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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spelling doaj-art-4cb6547a745547d4aa84a3cb1c6c58742025-08-20T02:06:43ZengUniversity of Agricultural Sciences and Veterinary Medicine, BucharestScientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development2284-79952285-39522018-01-011842612702149ROMANIA'S SUNFLOWER SEEDS PRODUCTION, EXPORT AND IMPORTANALYSIS OF THE 2007-2017 PERIOD AND FORECAST FOR 2018-2022 HORIZONAgatha POPESCUThe 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.https://managementjournal.usamv.ro/pdf/vol.18_4/Art35.pdf
spellingShingle Agatha POPESCU
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
title ROMANIA'S SUNFLOWER SEEDS PRODUCTION, EXPORT AND IMPORTANALYSIS OF THE 2007-2017 PERIOD AND FORECAST FOR 2018-2022 HORIZON
title_full ROMANIA'S SUNFLOWER SEEDS PRODUCTION, EXPORT AND IMPORTANALYSIS OF THE 2007-2017 PERIOD AND FORECAST FOR 2018-2022 HORIZON
title_fullStr ROMANIA'S SUNFLOWER SEEDS PRODUCTION, EXPORT AND IMPORTANALYSIS OF THE 2007-2017 PERIOD AND FORECAST FOR 2018-2022 HORIZON
title_full_unstemmed ROMANIA'S SUNFLOWER SEEDS PRODUCTION, EXPORT AND IMPORTANALYSIS OF THE 2007-2017 PERIOD AND FORECAST FOR 2018-2022 HORIZON
title_short ROMANIA'S SUNFLOWER SEEDS PRODUCTION, EXPORT AND IMPORTANALYSIS OF THE 2007-2017 PERIOD AND FORECAST FOR 2018-2022 HORIZON
title_sort romania s sunflower seeds production export and importanalysis of the 2007 2017 period and forecast for 2018 2022 horizon
url https://managementjournal.usamv.ro/pdf/vol.18_4/Art35.pdf
work_keys_str_mv AT agathapopescu romaniassunflowerseedsproductionexportandimportanalysisofthe20072017periodandforecastfor20182022horizon