Romania: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Romania

The Romanian aromatic hydrocarbon mixtures market rose slightly to $X in 2022, increasing by 4.8% against the previous year. Overall, consumption, however, saw a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Aromatic Hydrocarbon Mixtures Production in Romania

In value terms, aromatic hydrocarbon mixtures production rose to $X in 2022 estimated in export price. In general, production, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 19% against the previous year. Aromatic hydrocarbon mixtures production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports from Romania

In 2022, shipments abroad of naphthalene and other aromatic hydrocarbon mixtures increased by 86% to X tons, rising for the second year in a row after two years of decline. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 13,350% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, aromatic hydrocarbon mixtures exports surged to $X in 2022. Over the period under review, exports posted a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 7,031%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Poland (X tons) was the main destination for aromatic hydrocarbon mixtures exports from Romania, accounting for a 97% share of total exports. It was followed by Hungary (X kg), with a 2.8% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Poland totaled +19.9%.

In value terms, Poland ($X) remains the key foreign market for naphthalene and other aromatic hydrocarbon mixtures exports from Romania, comprising 96% of total exports. The second position in the ranking was held by Hungary ($X), with a 4.1% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Poland amounted to +14.6%.

Export Prices by Country

In 2022, the average aromatic hydrocarbon mixtures export price amounted to $X per ton, which is down by -21.4% against the previous year. Overall, the export price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 28% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Poland stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (-0.3%).

Aromatic Hydrocarbon Mixtures Imports

Imports into Romania

In 2022, supplies from abroad of naphthalene and other aromatic hydrocarbon mixtures decreased by -3.6% to X tons, falling for the fourth year in a row after seven years of growth. Overall, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 840% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, aromatic hydrocarbon mixtures imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 580% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of aromatic hydrocarbon mixtures imports to Romania, with a combined 100% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +18.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of naphthalene and other aromatic hydrocarbon mixtures to Romania, comprising 59% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.3% per year) and Germany (+5.3% per year).

Import Prices by Country

The average aromatic hydrocarbon mixtures import price stood at $X per ton in 2022, jumping by 28% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 60%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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