Romania: Bentonite Market 2024

Bentonite Market Size in Romania

After two years of decline, the Romanian bentonite market increased by 4.5% to $X in 2022. Over the period under review, consumption recorded a modest increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Bentonite Production in Romania

In value terms, bentonite production amounted to $X in 2022 estimated in export price. In general, production, however, showed a temperate increase. The growth pace was the most rapid in 2017 with an increase of 103%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Bentonite Exports

Exports from Romania

In 2022, bentonite exports from Romania skyrocketed to X tons, increasing by 96% against 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 483% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, bentonite exports soared to $X in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 258%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Austria (X tons) was the main destination for bentonite exports from Romania, accounting for a 53% share of total exports. Moreover, bentonite exports to Austria exceeded the volume sent to the second major destination, Hungary (X tons), twofold. The third position in this ranking was taken by Moldova (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Austria stood at +80.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+211.9% per year) and Moldova (+82.9% per year).

In value terms, the largest markets for bentonite exported from Romania were Austria ($X), Hungary ($X) and Moldova ($X), with a combined 81% share of total exports.

Among the main countries of destination, Hungary, with a CAGR of +160.9%, recorded the highest rates of growth with regard to 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

The average bentonite export price stood at $X per ton in 2022, with a decrease of -29.1% against the previous year. In general, the export price faced a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 37%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Slovakia ($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 Slovakia (-2.4%), while the prices for the other major destinations experienced a decline.

Bentonite Imports

Imports into Romania

In 2022, approx. X tons of bentonite were imported into Romania; rising by 194% against the previous year's figure. In general, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bentonite imports soared to $X in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.6% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Austria (X tons), Bulgaria (X tons) and Turkey (X tons) were the main suppliers of bentonite imports to Romania, together accounting for 81% of total imports. Italy, the Netherlands, Poland and the Czech Republic lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +51.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bentonite suppliers to Romania were Austria ($X), Bulgaria ($X) and Italy ($X), with a combined 55% share of total imports. Turkey, Poland, the Netherlands and the Czech Republic lagged somewhat behind, together accounting for a further 27%.

Among the main suppliers, Poland, with a CAGR of +50.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average bentonite import price amounted to $X per ton, which is down by -46.5% against the previous year. Overall, the import price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted markedly in the following year.

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 Poland ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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