Romania: Market for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals 2024

Market Size for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Romania

The Romanian compounds of rare-earth metals market rose sharply to $X in 2022, with an increase of X% against the previous year. Overall, consumption posted prominent growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Romania

In value terms, compounds of rare-earth metals production stood at $X in 2022 estimated in export price. In general, production enjoyed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of X%. Compounds of rare-earth metals production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Exports from Romania

In 2022, approx. X kg of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals were exported from Romania; stabilizing at 2021 figures. Over the period under review, exports saw strong growth. The smallest decline of X% was in 2018. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, compounds of rare-earth metals exports amounted to $X in 2022. Overall, exports recorded strong growth. The smallest decline of X% was in 2018. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X kg) was the main destination for compounds of rare-earth metals exports from Romania, accounting for a X% share of total exports. Moreover, compounds of rare-earth metals exports to the Netherlands exceeded the volume sent to the second major destination, Greece (X kg), threefold.

From 2017 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Uruguay (X% per year).

In value terms, the largest markets for compounds of rare-earth metals exported from Romania were the Netherlands ($X), Uruguay ($X) and Greece ($X).

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, 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 compounds of rare-earth metals export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a strong expansion. The growth pace was the most rapid in 2018 a decrease of X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%).

Imports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Imports into Romania

In 2022, compounds of rare-earth metals imports into Romania declined notably to X tons, waning by X% against the previous year's figure. Over the period under review, imports, however, recorded a temperate expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then declined significantly in the following year.

In value terms, compounds of rare-earth metals imports fell remarkably to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), the United States (X kg) and France (X kg) were the main suppliers of compounds of rare-earth metals imports to Romania, with a combined X% share of total imports. Germany, China, Liechtenstein, Austria, Luxembourg, Slovenia and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Liechtenstein (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals to Romania, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average compounds of rare-earth metals import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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