Romania: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Romania

The Romanian halogenated hydrocarbon derivative market dropped modestly to $X in 2022, approximately mirroring the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +2.5% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Halogenated Hydrocarbon Derivative Production in Romania

In value terms, halogenated hydrocarbon derivative production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 3.5% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from Romania

In 2022, approx. X tons of halogenated derivatives of hydrocarbons were exported from Romania; declining by -25.5% on 2021 figures. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2017 when exports increased by 35%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative exports soared to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for halogenated hydrocarbon derivative exports from Romania, with a 42% share of total exports. Moreover, halogenated hydrocarbon derivative exports to South Korea exceeded the volume sent to the second major destination, Brazil (X tons), threefold. Peru (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea totaled +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+14.3% per year) and Peru (+38.0% per year).

In value terms, the Czech Republic ($X), South Korea ($X) and Peru ($X) constituted the largest markets for halogenated hydrocarbon derivative exported from Romania worldwide, with a combined 73% share of total exports.

Peru, with a CAGR of +43.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, increasing by 113% against the previous year. In general, the export price saw buoyant 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 the Czech Republic ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+32.6%), while the prices for the other major destinations experienced more modest paces of growth.

Halogenated Hydrocarbon Derivative Imports

Imports into Romania

In 2022, purchases abroad of halogenated derivatives of hydrocarbons increased by 26% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 37%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, halogenated hydrocarbon derivative imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 44%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

France (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of halogenated hydrocarbon derivative imports to Romania, together comprising 64% of total imports. Poland, the Czech Republic, Bulgaria, Turkey, China, the Netherlands, Hungary, Austria and Greece lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +147.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of halogenated derivatives of hydrocarbons to Romania, comprising 36% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by Poland, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic amounted to +42.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.6% per year) and Poland (+24.9% per year).

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, halogenated hydrocarbon derivative import price increased by +99.6% against 2015 indices. The pace of growth appeared the most rapid in 2020 an increase of 54% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for France ($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 Czech Republic (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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