Romania: Alcohols Market 2021

Alcohols Market Size in Romania

In 2020, the Romanian alcohols market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. In general, the total consumption indicated a slight increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Alcohols Production in Romania

In value terms, alcohols production shrank to $X in 2020 estimated in export prices. In general, production, however, showed a sharp curtailment. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Alcohols Exports

Exports from Romania

In 2020, overseas shipments of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by -X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, alcohols exports declined notably to $X in 2020. Overall, exports faced a deep slump. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Bulgaria (X tons) was the main destination for alcohols exports from Romania, accounting for a X% share of total exports. Moreover, alcohols exports to Bulgaria exceeded the volume sent to the second major destination, Hungary (X tons), ninefold. The third position in this ranking was occupied by Greece (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Bulgaria amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+X% per year) and Greece (-X% per year).

In value terms, Bulgaria ($X) emerged as the key foreign market for alcohols exports from Romania, comprising X% of total exports. The second position in the ranking was occupied by Hungary ($X), with a X% share of total exports. It was followed by Greece, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Bulgaria totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-X% per year) and Greece (-X% per year).

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the export price saw a noticeable downturn. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Turkey ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Turkey, while the prices for the other major destinations experienced a decline.

Alcohols Imports

Imports into Romania

In 2020, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives imported into Romania was estimated at X tons, picking up by X% against 2019. Over the period under review, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in the near future.

In value terms, alcohols imports fell to $X in 2020. Overall, imports posted a buoyant expansion. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), Serbia (X tons) and Azerbaijan (X tons) were the main suppliers of alcohols imports to Romania, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Azerbaijan (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Serbia ($X) and Azerbaijan ($X) appeared to be the largest alcohols suppliers to Romania, together accounting for X% of total imports.

Azerbaijan (+X% per year) saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average alcohols import price stood at $X per ton in 2020, falling by -X% against the previous year. Over the period under review, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. The import price peaked at $X per ton in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for Venezuela ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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