Romania: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Romania

The Romanian synthetic organic colouring matters market rose notably to $X in 2022, increasing by 12% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Other Synthetic Organic Colouring Matters in Romania

In value terms, synthetic organic colouring matters production expanded sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 45%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports from Romania

In 2022, after two years of growth, there was decline in shipments abroad of other synthetic organic colouring matters, when their volume decreased by -3.8% to X tons. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 39% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced slightly in the following year.

In value terms, synthetic organic colouring matters exports totaled $X in 2022. Over the period under review, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 43% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Turkey (X tons), Hungary (X tons) and Bulgaria (X tons) were the main destinations of synthetic organic colouring matters exports from Romania, together comprising 51% of total exports. Slovenia, France, Ukraine, Estonia, Lithuania, Serbia, Greece, Moldova, Poland and Finland lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +321.2%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for other synthetic organic colouring matters exports from Romania, comprising 26% of total exports. The second position in the ranking was held by Hungary ($X), with a 12% share of total exports. It was followed by France, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value to Turkey stood at +93.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+4.4% per year) and France (+51.0% per year).

Export Prices by Country

The average synthetic organic colouring matters export price stood at $X per ton in 2022, rising by 4.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Romania

In 2022, purchases abroad of other synthetic organic colouring matters increased by 0.4% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted a measured expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 55%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, synthetic organic colouring matters imports dropped slightly to $X in 2022. The total import value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of 31% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Greece (X tons) constituted the largest supplier of synthetic organic colouring matters to Romania, accounting for a 31% share of total imports. Moreover, synthetic organic colouring matters imports from Greece exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Slovakia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Greece stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.1% per year) and Slovakia (+8.1% per year).

In value terms, Greece ($X), Italy ($X) and Germany ($X) constituted the largest synthetic organic colouring matters suppliers to Romania, with a combined 45% share of total imports. The Netherlands, Belgium, France, Slovakia, Spain, Poland, Turkey, Hungary, Austria and the UK lagged somewhat behind, together accounting for a further 47%.

Poland, with a CAGR of +33.0%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 synthetic organic colouring matters import price stood at $X per ton in 2022, waning by -4.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 52% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Austria ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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