Romania: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Romania

The Romanian market for liquid or compressed air and distilled or conductivity water contracted sharply to $X in 2021, shrinking by -98.8% against the previous year. Over the period under review, consumption showed a sharp downturn. Over the period under review, the market hit record highs at $X in 2020, and then fell dramatically in the following year.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in Romania

In value terms, liquid air and distilled water production shrank significantly to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt setback. The growth pace was the most rapid in 2018 when the production volume increased by 35%. Over the period under review, production attained the maximum level at $X in 2020, and then fell significantly in the following year.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Romania

In 2021, overseas shipments of liquid or compressed air and distilled or conductivity water increased by 305% to X tons, rising for the second consecutive year after two years of decline. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 607%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, liquid air and distilled water exports surged to $X in 2021. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 669%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Moldova (X tons) was the main destination for liquid air and distilled water exports from Romania, with a 59% share of total exports. Moreover, liquid air and distilled water exports to Moldova exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was held by Cyprus (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Moldova amounted to +64.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+124.5% per year) and Cyprus (+328.8% per year).

In value terms, the largest markets for liquid air and distilled water exported from Romania were Cyprus ($X), Hungary ($X) and Moldova ($X), together accounting for 80% of total exports.

Cyprus, with a CAGR of +321.5%, recorded 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 export price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, with a decrease of -3.9% against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 241% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to the Czech Republic ($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 Austria (+36.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Romania

Liquid air and distilled water imports into Romania stood at X tons in 2021, picking up by 11% compared with the previous year's figure. Over the period under review, imports saw a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by 155% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, liquid air and distilled water imports rose significantly to $X in 2021. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 124%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Hungary (X tons) constituted the largest supplier of liquid air and distilled water to Romania, accounting for a 37% share of total imports. Moreover, liquid air and distilled water imports from Hungary exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+79.7% per year) and Poland (+29.2% per year).

In value terms, Germany ($X), the Czech Republic ($X) and Hungary ($X) constituted the largest liquid air and distilled water suppliers to Romania, with a combined 55% share of total imports. Poland, the Netherlands, Malaysia, Italy, Greece and Denmark lagged somewhat behind, together comprising a further 33%.

In terms of the main suppliers, Malaysia, with a CAGR of +64.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, with a decrease of -3.1% against the previous year. Overall, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 46%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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