Romania: Petroleum Market 2020

Petroleum Market Size in Romania

The revenue of the petroleum market in Romania amounted to $X in 2017, coming up by X% against the previous year. In general, petroleum consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, when market value increased by X% against the previous year. Romania petroleum consumption peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Petroleum Production in Romania

In 2017, the amount of petroleum produced in Romania amounted to X tons, waning by -X% against the previous year. In general, petroleum production continues to indicate a drastic setback. The growth pace was the most rapid in 2013, with an increase of X% y-o-y. Romania petroleum production peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Petroleum Exports from Romania

Petroleum exports from Romania stood at X tons in 2017, falling by -X% against the previous year. Overall, petroleum exports continue to indicate a mild decline. The pace of growth appeared the most rapid in 2014, with an increase of X% against the previous year. Romania exports peaked of X tons in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, petroleum exports stood at $X in 2017. In general, petroleum exports continue to indicate a measured descent. In that year, the petroleum exports attained their peak level of $X. From 2009 to 2017, growth of the petroleum exports failed to regain its momentum.

Petroleum Exports by Country from Romania

In 2017, the U.S. (X tons), followed by Russia (X tons), Singapore (X tons), the Netherlands (X tons), South Korea (X tons) and India (X tons) represented the main exporters of petroleum, together generating X% of total exports. China (X tons), Belgium (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), Canada (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Russia ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

In terms of the main exporting countries , the U.S. (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Export Prices by Country in Romania

In 2017, the petroleum export price in Romania amounted to $X per ton, growing by X% against the previous year. In general, petroleum export price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year. Romania export price peaked of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was the United Arab Emirates ($X per ton), while the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Petroleum Imports into Romania

In 2017, the amount of petroleum imported into Romania amounted to X tons, surging by X% against the previous year. In general, petroleum imports continue to indicate a strong growth. The most prominent rate of growth was recorded in 2010, when imports increased by X% year-to-year. Over the period under review, the petroleum imports attained its maximum volume in 2017, and are likely to continue its growth in the immediate term.

In value terms, petroleum imports amounted to $X in 2017. In general, petroleum imports continue to indicate a strong growth. Over the period under review, the petroleum imports attained its peak figure level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Petroleum Imports by Country into Romania

The U.S. (X tons) and Singapore (X tons) represented the largest importers of petroleum in 2017, accounting for approx. X% and X% of total imports, respectively. It was followed by the Netherlands (X tons), constituting X% share of total imports. Mexico (X tons), Belgium (X tons), Germany (X tons), Malaysia (X tons), France (X tons), China (X tons), the UK (X tons), Indonesia (X tons) and Canada (X tons) took the minor share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest petroleum markets worldwide were the U.S. ($X), Singapore ($X) and the Netherlands ($X), with a combined X% share of total imports. These countries were followed by Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China, Canada and Romania, which together accounted for a further X%.

Malaysia (+X% per year) recorded the highest rates of growth with regard to imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Import Prices by Country in Romania

In 2017, the petroleum import price in Romania amounted to $X per ton, picking up by X% against the previous year. In general, petroleum import price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. Romania import price peaked of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in the UK ($X per ton) and Germany ($X per ton), while China ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Singapore (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform