Romania: Market for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function 2024

Market Size for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Romania

In 2022, after two years of growth, there was decline in the Romanian market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function, when its value decreased by -3.8% to $X. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in Romania

In value terms, butanal butanal and acyclic aldehydes production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a slight decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 71%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Exports from Romania

In 2022, the amount of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function exported from Romania reduced to X tons, dropping by -10.1% compared with the previous year. Over the period under review, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.0% against 2019 indices. The pace of growth was the most pronounced in 2014 when exports increased by 54%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, butanal butanal and acyclic aldehydes exports skyrocketed to $X in 2022. Overall, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.7% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 42% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The UK (X tons) was the main destination for butanal butanal and acyclic aldehydes exports from Romania, with a 90% share of total exports. Moreover, butanal butanal and acyclic aldehydes exports to the UK exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. The third position in this ranking was held by Hungary (X tons), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.5% per year) and Hungary (+35.7% per year).

In value terms, the UK ($X) remains the key foreign market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function exports from Romania, comprising 92% of total exports. The second position in the ranking was held by Germany ($X), with a 6.6% share of total exports. It was followed by Hungary, with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.1% per year) and Hungary (+46.6% per year).

Export Prices by Country

In 2022, the average export price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function amounted to $X per ton, surging by 56% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butanal butanal and acyclic aldehydes export price increased by +64.7% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the average price for exports to Hungary ($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 Hungary (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Imports into Romania

In 2022, purchases abroad of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function decreased by -8.8% to X tons for the first time since 2016, thus ending a five-year rising trend. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 30% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, butanal butanal and acyclic aldehydes imports contracted slightly to $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 17% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Poland (X tons), Germany (X tons) and France (X tons) were the main suppliers of butanal butanal and acyclic aldehydes imports to Romania, together comprising 89% of total imports. The Netherlands, the UK and Italy lagged somewhat behind, together comprising a further 8.7%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +25.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butanal butanal and acyclic aldehydes suppliers to Romania were Poland ($X), Germany ($X) and France ($X), together comprising 81% of total imports. The UK, the Netherlands and Italy lagged somewhat behind, together accounting for a further 13%.

In terms of the main suppliers, Italy, with a CAGR of +14.9%, 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 import price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function amounted to $X per ton, with an increase of 6.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 13%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :