Romania: Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size in Romania

The Romanian aromatic alcohols market contracted significantly to $X in 2021, declining by -69.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a sharp decrease. Aromatic alcohols consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Aromatic Alcohols Exports

Exports from Romania

In 2021, the amount of aromatic alcohols and their derivatives exported from Romania skyrocketed to X tons, with an increase of 275% on the year before. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,346% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, aromatic alcohols exports surged to $X in 2021. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 872%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), France (X tons) and Moldova (X kg) were the main destinations of aromatic alcohols exports from Romania, with a combined 97% share of total exports. Hungary lagged somewhat behind, accounting for a further 1.9%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +28.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aromatic alcohols exported from Romania were Germany ($X), France ($X) and Hungary ($X), with a combined 88% share of total exports.

In terms of the main countries of destination, France, with a CAGR of +31.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average aromatic alcohols export price amounted to $X per ton, which is down by -46.5% against the previous year. Over the period under review, the export price recorded a dramatic slump. The pace of growth appeared the most rapid in 2016 an increase of 166%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Aromatic Alcohols Imports

Imports into Romania

In 2021, imports of aromatic alcohols and their derivatives into Romania declined significantly to X tons, dropping by -51.2% compared with 2020. Over the period under review, imports showed a dramatic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 60% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, aromatic alcohols imports declined notably to $X in 2021. Overall, imports continue to indicate a sharp setback. The growth pace was the most rapid in 2018 when imports increased by 121%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest aromatic alcohols supplier to Romania, accounting for a 81% share of total imports. Moreover, aromatic alcohols imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Greece (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +59.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.9% per year) and Greece (+38.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of aromatic alcohols and their derivatives to Romania, comprising 68% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by Greece, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +52.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.0% per year) and Greece (+42.9% per year).

Import Prices by Country

In 2021, the average aromatic alcohols import price amounted to $X per ton, with an increase of 7.2% against the previous year. In general, the import price, however, saw a mild decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 38% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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