Romania: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Romania

The Romanian acyclic hydrocarbons derivatives market surged to $X in 2021, with an increase of 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Acyclic Hydrocarbons Derivatives Exports

Exports from Romania

In 2021, the amount of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons exported from Romania soared to X tons, growing by 137% on the year before. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 137%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, acyclic hydrocarbons derivatives exports surged to $X in 2021. Over the period under review, exports saw a strong increase. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for acyclic hydrocarbons derivatives exports from Romania, accounting for a 76% share of total exports. Moreover, acyclic hydrocarbons derivatives exports to Poland exceeded the volume sent to the second major destination, Hungary (X tons), fourfold. The third position in this ranking was taken by Lithuania (X kg), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland amounted to +120.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+34.3% per year) and Lithuania (+72.4% per year).

In value terms, Poland ($X) emerged as the key foreign market for fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons exports from Romania, comprising 51% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 24% share of total exports. It was followed by Hungary, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland totaled +89.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+27.7% per year) and Hungary (+25.0% per year).

Export Prices by Country

In 2021, the average acyclic hydrocarbons derivatives export price amounted to $X per ton, with an increase of 52% against the previous year. Overall, the export price, however, showed a deep slump. The growth pace was the most rapid in 2018 when the average export price increased by 93% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($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 (+53.7%), while the prices for the other major destinations experienced more modest paces of growth.

Acyclic Hydrocarbons Derivatives Imports

Imports into Romania

After five years of decline, purchases abroad of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons increased by 19% to X tons in 2021. Overall, imports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2015 with an increase of 31%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, acyclic hydrocarbons derivatives imports surged to $X in 2021. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 67%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Poland (X tons), the Czech Republic (X tons) and Italy (X tons) were the main suppliers of acyclic hydrocarbons derivatives imports to Romania, together accounting for 66% of total imports. China, Hungary, Austria, the Netherlands and France lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +60.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons to Romania, comprising 53% of total imports. The second position in the ranking was held by Poland ($X), with a 14% share of total imports. It was followed by Hungary, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic amounted to +85.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+26.2% per year) and Hungary (+5.5% per year).

Import Prices by Country

In 2021, the average acyclic hydrocarbons derivatives import price amounted to $X per ton, growing by 10% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 106% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+37.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :