Key Market Indicators
The baked goods market is projected to surge to nearly €3 billion by 2028, climbing from approximately €2.5 billion in 2023. This represents an average annual growth rate of 3%. Notably, the market experienced a year-on-year increase of 3.8% recently. Italy, the United Kingdom, and France hold the second, third, and fourth positions respectively in this market ranking. Romanian bread exports are expected to reach $246 million by 2028, up from $207 million in 2023. This marks an average annual growth rate of 2.8%. Since 1994, Romania's bread supply has seen a consistent year-on-year increase of 3.7%. On the import side, Romanian bread imports are set to hit $545 million by 2028, rising from $459 million in 2023. The average annual growth rate for imports stands at 2.7%. Romanian demand for imported bread has been on a steady incline, growing 4% year-on-year since 1995.
