Romania: Fluoropolymers Market 2024

Fluoropolymers Market Size in Romania

The Romanian fluoropolymers market skyrocketed to $X in 2021, increasing by 31% against the previous year. Over the period under review, consumption, however, recorded a mild downturn. Fluoropolymers consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Fluoropolymers Production in Romania

In value terms, fluoropolymers production soared to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Fluoropolymers Exports

Exports from Romania

For the third consecutive year, Romania recorded decline in overseas shipments of fluoropolymers, which decreased by -42% to X tons in 2021. Overall, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 715% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, fluoropolymers exports contracted significantly to $X in 2021. Over the period under review, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 527% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for fluoropolymers exports from Romania, with a 92% share of total exports. Moreover, fluoropolymers exports to Italy exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+90.0% per year) and China (-18.9% per year).

In value terms, Italy ($X) remains the key foreign market for fluoropolymers exports from Romania, comprising 95% of total exports. The second position in the ranking was taken by the UK ($X), with a 4.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+48.7% per year) and China (+0.0% per year).

Export Prices by Country

The average fluoropolymers export price stood at $X per ton in 2021, increasing by 40% against the previous year. Overall, the export price continues to indicate slight growth. As a result, the export price attained 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 Italy ($X per ton), while the average price for exports to China ($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 China (+23.3%), while the prices for the other major destinations experienced mixed trend patterns.

Fluoropolymers Imports

Imports into Romania

Fluoropolymers imports into Romania skyrocketed to X tons in 2021, increasing by 24% against the year before. Overall, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 93% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, fluoropolymers imports soared to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Italy (X tons) and India (X tons) were the main suppliers of fluoropolymers imports to Romania, with a combined 82% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +349.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of fluoropolymers to Romania, comprising 44% of total imports. The second position in the ranking was taken by Poland ($X), with a 16% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+113.4% per year) and the United States (+118.0% per year).

Import Prices by Country

In 2021, the average fluoropolymers import price amounted to $X per ton, increasing by 4.6% against the previous year. In general, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 50% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Poland ($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 United States (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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