Romania: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2024

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Romania

In 2021, the Romanian market for oleic, linoleic or linolenic acids, their salts and esters decreased by -5.5% to $X for the first time since 2013, thus ending a seven-year rising trend. Overall, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.3% against 2013 indices. Oleic, linoleic or linolenic acids consumption peaked at $X in 2020, and then fell in the following year.

Production of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Romania

In value terms, oleic, linoleic or linolenic acids production reduced modestly to $X in 2021 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +41.9% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 14%. Oleic, linoleic or linolenic acids production peaked at $X in 2020, and then reduced in the following year.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports from Romania

In 2021, overseas shipments of oleic, linoleic or linolenic acids, their salts and esters increased by 100% to X kg, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a dramatic curtailment. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a sharp decrease. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Moldova (X kg) was the main destination for oleic, linoleic or linolenic acids exports from Romania, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Moldova totaled -42.3%.

In value terms, Moldova ($X) also remains the key foreign market for oleic, linoleic or linolenic acids, their salts and esters exports from Romania.

From 2012 to 2021, the average annual rate of growth in terms of value to Moldova stood at -30.5%.

Export Prices by Country

In 2021, the average export price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, rising by 9.9% against the previous year. Over the period under review, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 119% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained 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 +20.4% per year.

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports into Romania

In 2021, approx. X tons of oleic, linoleic or linolenic acids, their salts and esters were imported into Romania; leveling off at the year before. Over the period under review, imports, however, recorded a deep slump. The growth pace was the most rapid in 2016 when imports increased by 170%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, oleic, linoleic or linolenic acids imports surged to $X in 2021. In general, imports, however, showed a deep reduction. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of oleic, linoleic or linolenic acids to Romania, accounting for a 69% share of total imports. Moreover, oleic, linoleic or linolenic acids imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-14.2% per year) and the Netherlands (-7.4% per year).

In value terms, Germany ($X), Italy ($X) and the Netherlands ($X) were the largest oleic, linoleic or linolenic acids suppliers to Romania, with a combined 98% share of total imports.

Germany, with a CAGR of -6.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, surging by 57% against the previous year. Overall, the import price enjoyed noticeable growth. The import price peaked at $X per ton in 2015; however, from 2016 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 Austria ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+35.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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