Romania: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in Romania

The Romanian aromatic monoamines market skyrocketed to $X in 2021, picking up by 16% against the previous year. In general, consumption showed a perceptible curtailment. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Aromatic Monoamines Production in Romania

In value terms, aromatic monoamines production soared to $X in 2021 estimated in export price. In general, production saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Aromatic Monoamines Exports

Exports from Romania

After five years of growth, overseas shipments of other aromatic monoamines and their derivatives, salts thereof decreased by -28.2% to X tons in 2021. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 61,700%. The exports peaked at X tons in 2020, and then contracted notably in the following year.

In value terms, aromatic monoamines exports fell notably to $X in 2021. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 123,117% against the previous year. The exports peaked at $X in 2020, and then reduced sharply in the following year.

Exports by Country

Sweden (X tons) was the main destination for aromatic monoamines exports from Romania, with a 99% share of total exports. It was followed by Germany (X kg), with a 1% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to Sweden totaled +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+97.4% per year) and Italy (-66.0% per year).

In value terms, Sweden ($X) emerged as the key foreign market for other aromatic monoamines and their derivatives, salts thereof exports from Romania, comprising 99% of total exports. The second position in the ranking was taken by Germany ($X), with a 1% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of value to Sweden amounted to +41.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+98.7% per year) and Italy (-73.6% per year).

Export Prices by Country

In 2021, the average aromatic monoamines export price amounted to $X per ton, with a decrease of -21.7% against the previous year. Over the period under review, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2017 when the average export price increased by 99%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Sweden ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Aromatic Monoamines Imports

Imports into Romania

In 2021, supplies from abroad of other aromatic monoamines and their derivatives, salts thereof decreased by -8.6% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 85% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, aromatic monoamines imports surged to $X in 2021. Overall, imports, however, posted a prominent increase. The growth pace was the most rapid in 2019 when imports increased by 60%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest aromatic monoamines supplier to Romania, accounting for a 61% share of total imports. Moreover, aromatic monoamines imports from Germany exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +52.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+28.3% per year) and Italy (+3.4% per year).

In value terms, the largest aromatic monoamines suppliers to Romania were India ($X), Germany ($X) and Denmark ($X), together accounting for 90% of total imports.

In terms of the main suppliers, Denmark, with a CAGR of +1,387.1%, recorded the highest growth rate of 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 aromatic monoamines import price amounted to $X per ton, rising by 42% against the previous year. In general, the import price, however, recorded a perceptible reduction. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+753.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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