Romania: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Romania

The Romanian polyethylene in primary forms market skyrocketed to $X in 2021, with an increase of 51% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene in Primary Forms

Exports from Romania

In 2021, approx. X tons of polyethylene in primary forms were exported from Romania; shrinking by -17.9% on 2020. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 51%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, polyethylene in primary forms exports soared to $X in 2021. In general, total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +80.7% against 2019 indices. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X tons), Italy (X tons) and Slovakia (X tons) were the main destinations of polyethylene in primary forms exports from Romania, together comprising 42% of total exports. Lithuania, the Czech Republic, Hungary, Austria, Serbia, Ukraine, Moldova, the Netherlands, North Macedonia and Germany lagged somewhat behind, together comprising a further 45%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +46.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X) remains the key foreign market for polyethylene in primary forms exports from Romania, comprising 26% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by Slovakia, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bulgaria totaled +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.2% per year) and Slovakia (+11.7% per year).

Export Prices by Country

The average polyethylene in primary forms export price stood at $X per ton in 2021, picking up by 64% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Romania

In 2021, approx. X tons of polyethylene in primary forms were imported into Romania; with an increase of 7.6% compared with 2020 figures. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 14%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, polyethylene in primary forms imports surged to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Austria (X tons), Hungary (X tons) and Germany (X tons) were the main suppliers of polyethylene in primary forms imports to Romania, together accounting for 43% of total imports. These countries were followed by the Netherlands, Italy, Slovakia, Belgium, Serbia, South Korea, Sweden, Iran, Bulgaria and Greece, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +68.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Hungary ($X) and Germany ($X) were the largest polyethylene in primary forms suppliers to Romania, together comprising 42% of total imports. These countries were followed by the Netherlands, Italy, Slovakia, Belgium, Serbia, Sweden, Greece, South Korea, Bulgaria and Iran, which together accounted for a further 41%.

Iran, with a CAGR of +67.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 polyethylene in primary forms import price amounted to $X per ton, picking up by 46% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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