Romania: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in Romania

The Romanian phenylacetic acid market soared to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt downturn. Phenylacetic acid consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Phenylacetic Acid Production in Romania

In value terms, phenylacetic acid production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt shrinkage. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Phenylacetic Acid Exports

Exports from Romania

In 2022, exports of phenylacetic acid, its salts and esters from Romania rose modestly to X tons, growing by X% against the year before. Over the period under review, exports, however, saw a deep reduction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, phenylacetic acid exports dropped notably to $X in 2022. In general, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Germany (X tons) was the main destination for phenylacetic acid exports from Romania, accounting for a X% share of total exports. Moreover, phenylacetic acid exports to Germany exceeded the volume sent to the second major destination, Lithuania (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Croatia (X% per year).

In value terms, Germany ($X) remains the key foreign market for phenylacetic acid, its salts and esters exports from Romania, comprising X% of total exports. The second position in the ranking was held by Lithuania ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Croatia (X% per year).

Export Prices by Country

The average phenylacetic acid export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then shrank significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Croatia ($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 (X%), while the prices for the other major destinations experienced mixed trend patterns.

Phenylacetic Acid Imports

Imports into Romania

In 2022, purchases abroad of phenylacetic acid, its salts and esters decreased by X% to X tons, falling for the third consecutive year after three years of growth. In general, imports, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, phenylacetic acid imports contracted sharply to $X in 2022. Overall, imports, however, posted a tangible expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined dramatically in the following year.

Imports by Country

Germany (X tons), Italy (X tons) and India (X tons) were the main suppliers of phenylacetic acid imports to Romania, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of phenylacetic acid, its salts and esters to Romania, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and India (X% per year).

Import Prices by Country

The average phenylacetic acid import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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 Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :