Romania: Chlorides Market 2024

Chlorides Market Size in Romania

In 2021, the Romanian chlorides market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Chlorides Production in Romania

In value terms, chlorides production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 1.2%. As a result, production attained the peak level of $X, leveling off in the following year.

Chlorides Exports

Exports from Romania

In 2021, overseas shipments of chlorides (excluding ammonium chloride) decreased by -19.2% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, recorded a notable expansion. The pace of growth was the most pronounced in 2014 with an increase of 41% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, chlorides exports shrank to $X in 2021. Over the period under review, exports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 42% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons) was the main destination for chlorides exports from Romania, with a 81% share of total exports. Moreover, chlorides exports to Bulgaria exceeded the volume sent to the second major destination, Serbia (X tons), more than tenfold. Greece (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria amounted to +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-4.4% per year) and Greece (+11.9% per year).

In value terms, Bulgaria ($X) remains the key foreign market for chlorides (excluding ammonium chloride) exports from Romania, comprising 81% of total exports. The second position in the ranking was taken by Greece ($X), with a 6.2% share of total exports. It was followed by Moldova, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bulgaria stood at +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+11.8% per year) and Moldova (+6.6% per year).

Export Prices by Country

In 2021, the average chlorides export price amounted to $X per ton, rising by 15% against the previous year. Overall, the export price, however, showed a slight decrease. The pace of growth was the most pronounced in 2019 when the average export price increased by 24%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Serbia ($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 Hungary (+3.9%), while the prices for the other major destinations experienced a decline.

Chlorides Imports

Imports into Romania

In 2021, overseas purchases of chlorides (excluding ammonium chloride) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, chlorides imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.2% 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 -13.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 29%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Hungary (X tons) constituted the largest chlorides supplier to Romania, with a 49% share of total imports. Moreover, chlorides imports from Hungary exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary stood at +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+10.5% per year) and the Netherlands (+11.1% per year).

In value terms, Hungary ($X), the Netherlands ($X) and Russia ($X) appeared to be the largest chlorides suppliers to Romania, with a combined 63% share of total imports. These countries were followed by Germany, Italy, Belgium, China, Austria and Egypt, which together accounted for a further 24%.

In terms of the main suppliers, Egypt, with a CAGR of +35.8%, recorded 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

The average chlorides import price stood at $X per ton in 2021, falling by -16.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 45%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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