Romania: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in Romania

In 2021, the Romanian market for phthalic anhydride, terephthalic acid and its salts increased by 6.7% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a abrupt decline. Phthalic anhydride and terephthalic acid consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Phthalic Anhydride, Terephthalic Acid And Its Salts in Romania

In value terms, phthalic anhydride and terephthalic acid production rose notably to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt contraction. Phthalic anhydride and terephthalic acid production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Romania

In 2021, exports of phthalic anhydride, terephthalic acid and its salts from Romania soared to X tons, growing by 521% compared with the previous year. Over the period under review, exports, however, faced a dramatic decline. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, phthalic anhydride and terephthalic acid exports surged to $X in 2021. In general, exports, however, recorded a precipitous slump. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from Romania, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria amounted to -1.4%.

In value terms, Bulgaria ($X) also remains the key foreign market for phthalic anhydride, terephthalic acid and its salts exports from Romania.

From 2012 to 2021, the average annual rate of growth in terms of value to Bulgaria stood at -2.2%.

Export Prices by Country

The average export price for phthalic anhydride, terephthalic acid and its salts stood at $X per ton in 2021, growing by 28% against the previous year. Overall, the export price, however, continues to indicate a slight descent. The pace of growth was the most pronounced in 2017 an increase of 58% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Bulgaria.

From 2012 to 2021, the rate of growth in terms of prices for Bulgaria amounted to -0.8% per year.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Romania

In 2021, approx. X tons of phthalic anhydride, terephthalic acid and its salts were imported into Romania; with an increase of 18% compared with the previous year. Overall, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +37.6% against 2018 indices. The growth pace was the most rapid in 2015 with an increase of 23% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, phthalic anhydride and terephthalic acid imports surged to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 48% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Austria (X tons), Italy (X tons) and South Korea (X tons) were the main suppliers of phthalic anhydride and terephthalic acid imports to Romania, together comprising 68% of total imports. These countries were followed by Poland, Russia and Belarus, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +29.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest phthalic anhydride and terephthalic acid suppliers to Romania were Austria ($X), Italy ($X) and South Korea ($X), together accounting for 70% of total imports. These countries were followed by Belarus, Poland and Russia, which together accounted for a further 28%.

In terms of the main suppliers, Poland, with a CAGR of +23.4%, saw 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 import price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, with an increase of 24% against the previous year. Overall, the import price, however, showed a perceptible descent. The growth pace was the most rapid in 2017 when the average import price increased by 29% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and Austria ($X per ton), while the price for Poland ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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