Romania: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Romania

In 2021, the Romanian market for palmitic acid, stearic acid, their salts and esters increased by 13% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a buoyant increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Romania

In 2021, shipments abroad of palmitic acid, stearic acid, their salts and esters was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 191%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters surged to $X in 2021. Over the period under review, exports continue to indicate a noticeable increase. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from Romania, with a 57% share of total exports. Moreover, exports of palmitic acid, stearic acid, their salts and esters to Bulgaria exceeded the volume sent to the second major destination, Greece (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria totaled -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+77.9% per year) and the Netherlands (0.0% per year).

In value terms, Hungary ($X), Bulgaria ($X) and Greece ($X) were the largest markets for palmitic acid, stearic acid, their salts and esters exported from Romania worldwide, together comprising 82% of total exports. These countries were followed by Turkey, the Netherlands and Moldova, which together accounted for a further 10%.

In terms of the main countries of destination, Turkey, with a CAGR of +288.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, increasing by 139% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Romania

After two years of growth, overseas purchases of palmitic acid, stearic acid, their salts and esters decreased by -5% to X tons in 2021. Overall, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 75% against the previous year. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, imports of palmitic acid, stearic acid, their salts and esters soared to $X in 2021. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 52%. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of palmitic acid, stearic acid, their salts and esters to Romania, accounting for a 61% share of total imports. Moreover, imports of palmitic acid, stearic acid, their salts and esters from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+23.8% per year) and Germany (-3.6% per year).

In value terms, Italy ($X) constituted the largest supplier of palmitic acid, stearic acid, their salts and esters to Romania, comprising 50% of total imports. The second position in the ranking was taken by Turkey ($X), with a 17% share of total imports. It was followed by Germany, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+30.6% per year) and Germany (-3.1% per year).

Import Prices by Country

In 2021, the average import price for palmitic acid, stearic acid, their salts and esters amounted to $X per ton, surging by 26% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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