Romania: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Romania

The Romanian market for compounds with other nitrogen function (excluding isocyanates) fell to $X in 2022, declining by -5.5% against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +79.8% against 2018 indices. Compounds with other nitrogen function consumption peaked at $X in 2021, and then declined in the following year.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Romania

In value terms, compounds with other nitrogen function production fell slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 97% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Romania

In 2022, the amount of compounds with other nitrogen function (excluding isocyanates) exported from Romania fell sharply to X kg, waning by -98% against 2021 figures. Over the period under review, exports recorded a sharp slump. The pace of growth was the most pronounced in 2020 when exports increased by 17,599%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, compounds with other nitrogen function exports shrank notably to $X in 2022. In general, exports recorded a dramatic descent. The pace of growth was the most pronounced in 2020 with an increase of 31,815% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X kg) was the main destination for compounds with other nitrogen function exports from Romania, accounting for a 100% share of total exports. It was followed by Germany (X kg), with a 0.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

From 2012 to 2022, the average annual growth rate of value to the Netherlands was relatively modest.

Export Prices by Country

The average export price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, declining by -61.3% against the previous year. Overall, the export price saw a pronounced decline. The growth pace was the most rapid in 2021 when the average export price increased by 142% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined dramatically in the following year.

Average prices varied somewhat for the major overseas 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 the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+4.5%), while the prices for the other major destinations experienced a decline.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Romania

In 2022, imports of compounds with other nitrogen function (excluding isocyanates) into Romania shrank remarkably to X tons, which is down by -24.2% on 2021 figures. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 103%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, compounds with other nitrogen function imports dropped remarkably to $X in 2022. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 80%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest compounds with other nitrogen function supplier to Romania, with a 48% share of total imports. Moreover, compounds with other nitrogen function imports from Italy exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+3.8% per year) and Germany (-11.7% per year).

In value terms, the largest compounds with other nitrogen function suppliers to Romania were Italy ($X), Germany ($X) and Greece ($X), together accounting for 58% of total imports. Slovakia, Austria, France, Bulgaria and Poland lagged somewhat behind, together comprising a further 34%.

Slovakia, with a CAGR of +186.4%, 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

In 2022, the average import price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, waning by -16.1% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 50%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Bulgaria ($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 Netherlands (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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