Romania: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Romania

The Romanian octyl alcohol market skyrocketed to $X in 2022, increasing by 64% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Octyl Alcohol Production in Romania

In value terms, octyl alcohol production contracted to $X in 2022 estimated in export price. In general, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +12.6% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 34% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Octyl Alcohol Exports

Exports from Romania

In 2022, the amount of octanol (octyl alcohol) and isomers thereof exported from Romania reduced remarkably to X tons, declining by -79.2% on 2021. In general, exports showed a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 2,037% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, octyl alcohol exports dropped significantly to $X in 2022. Overall, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 3,639% against the previous year. As a result, the exports attained the peak of $X, and then fell markedly in the following year.

Exports by Country

Turkey (X tons), Germany (X tons) and Belgium (X tons) were the main destinations of octyl alcohol exports from Romania, together accounting for 64% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +65.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for octyl alcohol exported from Romania were Turkey ($X), Germany ($X) and Belgium ($X), together comprising 66% of total exports.

Belgium, with a CAGR of +94.4%, saw 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 more modest paces of growth.

Export Prices by Country

The average octyl alcohol export price stood at $X per ton in 2022, picking up by 9.7% against the previous year. Overall, the export price posted a notable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 75% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Kyrgyzstan ($X per ton) and Turkey ($X per ton), while the average price for exports to Poland ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Octyl Alcohol Imports

Imports into Romania

For the third year in a row, Romania recorded growth in supplies from abroad of octanol (octyl alcohol) and isomers thereof, which increased by 30% to X tons in 2022. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 4,144%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, octyl alcohol imports shrank significantly to $X in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 4,729%. As a result, imports reached the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, Slovenia (X tons) constituted the largest supplier of octyl alcohol to Romania, with a 83% share of total imports. Moreover, octyl alcohol imports from Slovenia exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fivefold. Germany (X kg) ranked third in terms of total imports with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovenia amounted to +47.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+55.2% per year) and Germany (+9.1% per year).

In value terms, Slovenia ($X) constituted the largest supplier of octanol (octyl alcohol) and isomers thereof to Romania, comprising 82% of total imports. The second position in the ranking was taken by Sweden ($X), with an 11% share of total imports. It was followed by Germany, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovenia totaled +70.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+126.6% per year) and Germany (+6.9% per year).

Import Prices by Country

In 2022, the average octyl alcohol import price amounted to $X per ton, waning by -44.5% against the previous year. In general, the import price saw a significant curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 270%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+46.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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