Romania: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Romania

In 2021, after three years of decline, there was significant growth in the Romanian double or complex silicates market, when its value increased by 12% to $X. Overall, consumption, however, recorded a abrupt contraction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Double Or Complex Silicates

Exports from Romania

In 2021, shipments abroad of double or complex silicates decreased by -71.3% to X tons, falling for the third consecutive year after five years of growth. Over the period under review, exports, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2014 with an increase of 800%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, double or complex silicates exports dropped markedly to $X in 2021. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 1,096%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for double or complex silicates exports from Romania, accounting for a 61% share of total exports. Moreover, double or complex silicates exports to Belgium exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. Moldova (X kg) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-59.6% per year) and Moldova (-15.4% per year).

In value terms, Belgium ($X) emerged as the key foreign market for double or complex silicates exports from Romania, comprising 81% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 9% share of total exports. It was followed by Moldova, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-58.0% per year) and Moldova (-15.6% per year).

Export Prices by Country

The average double or complex silicates export price stood at $X per ton in 2021, increasing by 127% against the previous year. Overall, the export price showed a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Bulgaria ($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 (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Double Or Complex Silicates

Imports into Romania

In 2021, purchases abroad of double or complex silicates increased by 1.1% to X tons for the first time since 2013, thus ending a seven-year declining trend. Overall, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 32%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, double or complex silicates imports expanded significantly to $X in 2021. Over the period under review, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 37%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Bosnia and Herzegovina (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of double or complex silicates imports to Romania, with a combined 81% share of total imports. Turkey, China, Italy, Bulgaria, the Netherlands and Austria lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +45.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest double or complex silicates suppliers to Romania were Germany ($X), Bosnia and Herzegovina ($X) and China ($X), together accounting for 60% of total imports. Poland, Bulgaria, Italy, Turkey, the Netherlands and Austria lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, Poland, with a CAGR of +38.5%, saw the highest growth rate of 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 double or complex silicates import price stood at $X per ton in 2021, surging by 11% against the previous year. In general, the import price saw prominent growth. The pace of growth was the most pronounced in 2020 an increase of 40% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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