Romania: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Romania

In 2021, the Romanian polyethylene glycol and polyether market increased by 27% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. Polyethylene glycol and polyether consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Romania

In value terms, polyethylene glycol and polyether production dropped markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a precipitous setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 34%. As a result, production attained the peak level of $X, and then dropped remarkably in the following year.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Romania

For the third consecutive year, Romania recorded growth in shipments abroad of polyethylene glycols and polyethers in primary forms, which increased by 20% to X tons in 2021. Overall, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 37%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, polyethylene glycol and polyether exports soared to $X in 2021. In general, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) was the main destination for polyethylene glycol and polyether exports from Romania, accounting for a 38% share of total exports. Moreover, polyethylene glycol and polyether exports to Poland exceeded the volume sent to the second major destination, Hungary (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland totaled +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+16.7% per year) and Turkey (-4.6% per year).

In value terms, Poland ($X) remains the key foreign market for polyethylene glycols and polyethers in primary forms exports from Romania, comprising 39% of total exports. The second position in the ranking was held by Hungary ($X), with an 8.8% share of total exports. It was followed by Italy, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Poland amounted to +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+21.9% per year) and Italy (+8.6% per year).

Export Prices by Country

The average polyethylene glycol and polyether export price stood at $X per ton in 2021, jumping by 78% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2021: its price 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, polyethylene glycol and polyether export price increased by +88.2% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Czech Republic ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Switzerland ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Romania

In 2021, purchases abroad of polyethylene glycols and polyethers in primary forms increased by 17% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 29% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. In general, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of polyethylene glycol and polyether imports to Romania, with a combined 71% share of total imports. These countries were followed by Hungary, Italy, Turkey, Poland, Slovakia and Spain, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +50.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether suppliers to Romania were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined 72% share of total imports. These countries were followed by Hungary, Slovakia, Poland, Italy, Turkey and Spain, which together accounted for a further 23%.

Among the main suppliers, Turkey, with a CAGR of +47.6%, saw the highest rates of growth with regard to 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

The average polyethylene glycol and polyether import price stood at $X per ton in 2021, increasing by 45% against the previous year. Overall, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Slovakia ($X per ton) and Germany ($X per ton), while the price for Italy ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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