Romania: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in Romania

The Romanian industrial fatty alcohols market soared to $X in 2021, increasing by 24% 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). Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +51.6% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in years to come.

Industrial Fatty Alcohols Exports

Exports from Romania

In 2021, overseas shipments of industrial fatty alcohols were finally on the rise to reach X kg after two years of decline. Overall, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 320% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, industrial fatty alcohols exports surged to $X in 2021. In general, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of 624% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Moldova (X kg) was the main destination for industrial fatty alcohols exports from Romania, with a 92% share of total exports. Moreover, industrial fatty alcohols exports to Moldova exceeded the volume sent to the second major destination, Brazil (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Moldova amounted to +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-86.1% per year) and Bulgaria (0.0% per year).

In value terms, Moldova ($X), Brazil ($X) and Bulgaria ($X) constituted the largest markets for industrial fatty alcohols exported from Romania worldwide.

Moldova, with a CAGR of +29.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average industrial fatty alcohols export price amounted to $X per ton, shrinking by -16.6% against the previous year. In general, the export price, however, recorded resilient growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 124% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 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, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Moldova ($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 Brazil (+430.1%), while the prices for the other major destinations experienced a decline.

Industrial Fatty Alcohols Imports

Imports into Romania

In 2021, approx. X tons of industrial fatty alcohols were imported into Romania; picking up by 5.2% compared with 2020 figures. In general, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +19.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 85%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, industrial fatty alcohols imports soared to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.7% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 77%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of industrial fatty alcohols to Romania, accounting for a 54% share of total imports. Moreover, industrial fatty alcohols imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+14.5% per year) and Italy (-0.9% per year).

In value terms, Germany ($X) constituted the largest supplier of industrial fatty alcohols to Romania, comprising 61% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by Belgium, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.2% per year) and Belgium (+15.6% per year).

Import Prices by Country

In 2021, the average industrial fatty alcohols import price amounted to $X per ton, rising by 28% against the previous year. In general, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial fatty alcohols import price increased by +87.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 31%. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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