Report Update Nov 1, 2024

Romania - Nitric Acid and Sulphonitric Acids - Market Analysis, Forecast, Size, Trends and Insights

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Romania: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in Romania

The Romanian nitric and sulphonitric acids market contracted slightly to $X in 2021, remaining constant against the previous year. Overall, consumption continues to indicate a slight shrinkage. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Nitric Acid And Sulphonitric Acids in Romania

In value terms, nitric and sulphonitric acids production stood at $X in 2021 estimated in export price. In general, production saw a mild contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by 25%. Nitric and sulphonitric acids production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Nitric Acid And Sulphonitric Acids

Exports from Romania

In 2021, approx. X tons of nitric acid and sulphonitric acids were exported from Romania; rising by 134% against 2020 figures. In general, exports, however, recorded a sharp contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 35,431%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, nitric and sulphonitric acids exports surged to $X in 2021. Overall, exports, however, continue to indicate a significant decline. The pace of growth appeared the most rapid in 2016 with an increase of 20,905% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Moldova (X tons) was the main destination for nitric and sulphonitric acids exports from Romania, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Moldova totaled -9.3%.

In value terms, Moldova ($X) also remains the key foreign market for nitric acid and sulphonitric acids exports from Romania.

From 2012 to 2021, the average annual growth rate of value to Moldova stood at +7.1%.

Export Prices by Country

In 2021, the average nitric and sulphonitric acids export price amounted to $X per ton, picking up by 3.4% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The growth pace was the most rapid in 2017 when the average export price increased by 109% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Moldova.

From 2012 to 2021, the rate of growth in terms of prices for Moldova amounted to +18.1% per year.

Imports of Nitric Acid And Sulphonitric Acids

Imports into Romania

In 2021, approx. X tons of nitric acid and sulphonitric acids were imported into Romania; increasing by 1.8% compared with 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 124% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, nitric and sulphonitric acids imports skyrocketed to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 71%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Bulgaria (X tons), Slovakia (X tons) and Hungary (X tons) were the main suppliers of nitric and sulphonitric acids imports to Romania, with a combined 84% share of total imports. These countries were followed by the Netherlands, Italy, Germany and Greece, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +23.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Bulgaria ($X) and Hungary ($X) appeared to be the largest nitric and sulphonitric acids suppliers to Romania, with a combined 70% share of total imports.

Hungary, with a CAGR of +29.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nitric and sulphonitric acids import price stood at $X per ton in 2021, picking up by 31% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitric acid and sulphonitric acids in the world?

China constituted the country with the largest volume of nitric and sulphonitric acids consumption, comprising approx. 23% of total volume. Moreover, nitric and sulphonitric acids consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 9.5% share.

What are the largest producers of nitric acid and sulphonitric acids in the world?

The country with the largest volume of nitric and sulphonitric acids production was China, accounting for 23% of total volume. Moreover, nitric and sulphonitric acids production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 9.7% share.

What are the leading suppliers of nitric acid and sulphonitric acids to Romania?

In value terms, the largest nitric and sulphonitric acids suppliers to Romania were Slovakia, Bulgaria and Hungary, together accounting for 70% of total imports.

What are the leading importers of nitric acid and sulphonitric acids from Romania?

In value terms, Moldova remains the key foreign market for nitric and sulphonitric acids exports from Romania.

What is the average export price for nitric acid and sulphonitric acids in Romania?

In 2021, the average nitric and sulphonitric acids export price amounted to $991 per ton, with an increase of 3.4% against the previous year.

What is the average import price for nitric acid and sulphonitric acids in Romania?

In 2021, the average nitric and sulphonitric acids import price amounted to $462 per ton, rising by 31% against the previous year.

This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20151050 - Nitric acid, sulphonitric acids

Country coverage:

Romania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Romania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023