Romania: Market for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) 2024

Market Size for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in Romania

For the third consecutive year, the Romanian cyclanes, cyclenes and cycloterpenes market recorded growth in sales value, which increased by 24% to $X in 2021. The market value increased at an average annual rate of +6.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports from Romania

Cyclanes, cyclenes and cycloterpenes exports from Romania surged to X tons in 2021, rising by 99% compared with 2020. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, cyclanes, cyclenes and cycloterpenes exports reduced slightly to $X in 2021. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 52% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for cyclanes, cyclenes and cycloterpenes exports from Romania, with a 63% share of total exports. Moreover, cyclanes, cyclenes and cycloterpenes exports to Poland exceeded the volume sent to the second major destination, Hungary (X tons), threefold. Spain (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to Poland stood at +118.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+41.2% per year) and Spain (+2.2% per year).

In value terms, Hungary ($X) emerged as the key foreign market for cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) exports from Romania, comprising 51% of total exports. The second position in the ranking was taken by Poland ($X), with a 20% share of total exports. It was followed by Spain, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Hungary totaled +33.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+61.5% per year) and Spain (+15.3% per year).

Export Prices by Country

The average cyclanes, cyclenes and cycloterpenes export price stood at $X per ton in 2021, falling by -50.3% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 53%. As a result, the export price attained the peak level of $X per ton, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Poland ($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 Spain (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports into Romania

In 2021, the amount of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) imported into Romania expanded sharply to X tons, rising by 14% against 2020. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +19.2% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 31% against the previous year. Imports peaked at X tons in 2016; afterwards, it flattened through to 2021.

In value terms, cyclanes, cyclenes and cycloterpenes imports surged to $X in 2021. The total import value increased at an average annual rate of +6.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of cyclanes, cyclenes and cycloterpenes to Romania, with a 56% share of total imports. Moreover, cyclanes, cyclenes and cycloterpenes imports from South Korea exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Russia (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea stood at +81.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+38.5% per year) and Russia (+195.5% per year).

In value terms, South Korea ($X) constituted the largest supplier of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) to Romania, comprising 50% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by Russia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea totaled +114.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+39.2% per year) and Russia (+232.7% per year).

Import Prices by Country

The average cyclanes, cyclenes and cycloterpenes import price stood at $X per ton in 2021, picking up by 13% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :