Romania: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in Romania

In 2021, the Romanian calcium carbonate market increased by 5.8% to $X, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Calcium carbonate consumption peaked in 2021 and is likely to continue growth in years to come.

Calcium Carbonate Production in Romania

In value terms, calcium carbonate production contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 20% against the previous year. As a result, production reached the peak level of $X, and then declined slightly in the following year.

Calcium Carbonate Exports

Exports from Romania

In 2021, shipments abroad of calcium carbonate increased by 8.8% to X tons, rising for the second year in a row after two years of decline. In general, exports posted buoyant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 573%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, calcium carbonate exports soared to $X in 2021. Overall, exports recorded mild growth. The growth pace was the most rapid in 2016 when exports increased by 272% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X tons) was the main destination for calcium carbonate exports from Romania, accounting for a 58% share of total exports. Moreover, calcium carbonate exports to Hungary exceeded the volume sent to the second major destination, Austria (X tons), fivefold. Moldova (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary stood at +77.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (0.0% per year) and Moldova (+6.8% per year).

In value terms, Hungary ($X) remains the key foreign market for calcium carbonate exports from Romania, comprising 52% of total exports. The second position in the ranking was held by Russia ($X), with an 11% share of total exports. It was followed by Morocco, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Hungary totaled +74.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+40.2% per year) and Morocco (+184.8% per year).

Export Prices by Country

The average calcium carbonate export price stood at $X per ton in 2021, surging by 38% against the previous year. In general, the export price, however, continues to indicate a deep setback. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Austria ($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 Morocco (+12.5%), while the prices for the other major destinations experienced mixed trend patterns.

Calcium Carbonate Imports

Imports into Romania

In 2021, the amount of calcium carbonate imported into Romania surged to X tons, increasing by 18% against 2020 figures. In general, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.5% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 26% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, calcium carbonate imports rose markedly to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.8% against 2014 indices. The most prominent rate of growth was recorded in 2017 with an increase of 21%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Turkey (X tons), Greece (X tons) and Slovenia (X tons) were the main suppliers of calcium carbonate imports to Romania, together comprising 85% of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +24.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest calcium carbonate suppliers to Romania were Greece ($X), Turkey ($X) and Germany ($X), with a combined 68% share of total imports. France, Slovenia, Bulgaria and Serbia lagged somewhat behind, together accounting for a further 15%.

Slovenia, with a CAGR of +38.6%, saw the highest rates of growth with regard to the value of imports, among 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 calcium carbonate import price stood at $X per ton in 2021, waning by -5.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2020 an increase of 29%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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