Romania: Market for Ammonia In Aqueous Solution 2024

Market Size for Ammonia In Aqueous Solution in Romania

The Romanian ammonia in aqueous solution market skyrocketed to $X in 2022, picking up by X% against the previous year. In general, consumption enjoyed a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Ammonia In Aqueous Solution in Romania

In value terms, ammonia in aqueous solution production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded temperate growth. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Ammonia In Aqueous Solution

Exports from Romania

In 2022, the amount of ammonia in aqueous solution exported from Romania skyrocketed to X tons, with an increase of X% compared with 2021. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, ammonia in aqueous solution exports skyrocketed to $X in 2022. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons), Serbia (X tons) and Bulgaria (X tons) were the main destinations of ammonia in aqueous solution exports from Romania, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Serbia ($X) and Bulgaria ($X) appeared to be the largest markets for ammonia in aqueous solution exported from Romania worldwide, with a combined X% share of total exports.

Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ammonia in aqueous solution export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price recorded a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ammonia In Aqueous Solution

Imports into Romania

In 2022, supplies from abroad of ammonia in aqueous solution increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, ammonia in aqueous solution imports soared to $X in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest supplier of ammonia in aqueous solution to Romania, accounting for a X% share of total imports. Moreover, ammonia in aqueous solution imports from Slovakia exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Hungary (X% per year).

In value terms, Slovakia ($X) constituted the largest supplier of ammonia in aqueous solution to Romania, comprising X% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Slovakia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Hungary (X% per year).

Import Prices by Country

The average ammonia in aqueous solution import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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