Romania: Hydrogen Chloride Market 2024

Hydrogen Chloride Market Size in Romania

The Romanian hydrogen chloride market soared to $X in 2021, picking up by 25% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Hydrogen Chloride Production in Romania

In value terms, hydrogen chloride production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible reduction. Hydrogen chloride production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Hydrogen Chloride Exports

Exports from Romania

In 2021, approx. X tons of hydrogen chloride (hydrochloric acid) were exported from Romania; shrinking by -23.7% on 2020. Over the period under review, exports saw a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 18%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, hydrogen chloride exports skyrocketed to $X in 2021. In general, exports saw a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for hydrogen chloride exports from Romania, accounting for a 75% share of total exports. Moreover, hydrogen chloride exports to Bulgaria exceeded the volume sent to the second major destination, Ukraine (X tons), fourfold. The third position in this ranking was taken by Hungary (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria amounted to -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+84.1% per year) and Hungary (-11.1% per year).

In value terms, Bulgaria ($X) remains the key foreign market for hydrogen chloride (hydrochloric acid) exports from Romania, comprising 73% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 14% share of total exports. It was followed by Hungary, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value to Bulgaria amounted to +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+89.9% per year) and Hungary (-1.3% per year).

Export Prices by Country

In 2021, the average hydrogen chloride export price amounted to $X per ton, rising by 114% against the previous year. Over the period under review, the export price showed a buoyant increase. 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 Hungary ($X per ton), while the average price for exports to Ukraine ($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 Greece (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Chloride Imports

Imports into Romania

In 2021, the amount of hydrogen chloride (hydrochloric acid) imported into Romania skyrocketed to X tons, jumping by 42% compared with the previous year's figure. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 286% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, hydrogen chloride imports skyrocketed to $X in 2021. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 88% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Hungary (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of hydrogen chloride imports to Romania, together accounting for 80% of total imports. These countries were followed by the Czech Republic, Austria, Greece and France, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +70.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of hydrogen chloride (hydrochloric acid) to Romania, comprising 63% of total imports. The second position in the ranking was held by Hungary ($X), with a 23% share of total imports. It was followed by Italy, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+9.9% per year) and Italy (+22.6% per year).

Import Prices by Country

The average hydrogen chloride import price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the import price, however, saw resilient growth. The growth pace was the most rapid in 2020 an increase of 177% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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