Romania: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Romania

The Romanian polycarboxylic acid market rose modestly to $X in 2022, picking up by 2.4% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Polycarboxylic Acid Production in Romania

In value terms, polycarboxylic acid production rose to $X in 2022 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 -4.1% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 44% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Polycarboxylic Acid Exports

Exports from Romania

In 2022, approx. X tons of polycarboxylic acids were exported from Romania; declining by -44.1% compared with the previous year. Over the period under review, exports faced a precipitous curtailment. The pace of growth was the most pronounced in 2018 with an increase of 537%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, polycarboxylic acid exports fell remarkably to $X in 2022. Overall, exports showed a dramatic contraction. The most prominent rate of growth was recorded in 2019 with an increase of 439% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Greece (X tons) was the main destination for polycarboxylic acid exports from Romania, accounting for a 71% share of total exports. Moreover, polycarboxylic acid exports to Greece exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece totaled -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-11.0% per year) and Italy (-48.2% per year).

In value terms, Greece ($X) emerged as the key foreign market for polycarboxylic acids exports from Romania, comprising 73% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Greece was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-7.3% per year) and Italy (-47.1% per year).

Export Prices by Country

In 2022, the average polycarboxylic acid export price amounted to $X per ton, increasing by 6% against the previous year. In general, the export price showed a temperate expansion. The pace of growth was the most pronounced in 2016 an increase of 167%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Bulgaria ($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 Egypt (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarboxylic Acid Imports

Imports into Romania

In 2022, the amount of polycarboxylic acids imported into Romania dropped notably to X tons, waning by -15.4% on the previous year. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. As a result, imports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, polycarboxylic acid imports reduced to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 83% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

The Czech Republic (X tons), South Korea (X tons) and Italy (X tons) were the main suppliers of polycarboxylic acid imports to Romania, together comprising 62% of total imports. The Netherlands, Poland, Austria, Vietnam and Germany lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +49.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid suppliers to Romania were the Czech Republic ($X), South Korea ($X) and the Netherlands ($X), together accounting for 59% of total imports. Italy, Poland, Austria, Germany and Vietnam lagged somewhat behind, together accounting for a further 25%.

Vietnam, with a CAGR of +74.7%, saw the highest rates of growth with regard to the value of imports, among 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 polycarboxylic acid import price stood at $X per ton in 2022, picking up by 12% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polycarboxylic acid import price increased by +77.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 58% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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