Romania: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Romania

In 2021, the Romanian market for polyethylene with a specific gravity of less than X, in primary forms was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a perceptible shrinkage. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Romania

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms reached $X in 2021 estimated in export price. Overall, production saw a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Romania

Exports of polyethylene with a specific gravity of less than X, in primary forms from Romania reduced remarkably to X tons in 2021, dropping by -19.6% against 2020. Over the period under review, exports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2020 with an increase of 59%. Over the period under review, the exports of reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from Romania, accounting for a 26% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms to Bulgaria exceeded the volume sent to the second major destination, Lithuania (X tons), threefold. Slovakia (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bulgaria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+13.2% per year) and Slovakia (+5.5% per year).

In value terms, Bulgaria ($X) remains the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from Romania, comprising 30% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 10% share of total exports. It was followed by Slovakia, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bulgaria amounted to +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+16.8% per year) and Slovakia (+9.4% per year).

Export Prices by Country

In 2021, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, picking up by 50% against the previous year. In general, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for polyethylene with a specific gravity of less than X, in primary forms increased by +53.1% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Ukraine ($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 (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Romania

After two years of decline, supplies from abroad of polyethylene with a specific gravity of less than X, in primary forms increased by 24% to X tons in 2021. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2015 when imports increased by 27%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Overall, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Hungary (X tons) and Slovakia (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Romania, with a combined 35% share of total imports. These countries were followed by Germany, Austria, Belgium, Italy, Iran, the United States, Serbia, South Korea, India and Turkey, which together accounted for a further 44%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +161.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene with a specific gravity of less than X suppliers to Romania were the Netherlands ($X), Hungary ($X) and Slovakia ($X), together accounting for 38% of total imports. These countries were followed by Germany, Austria, Belgium, Italy, Iran, Serbia, South Korea, Turkey, the United States and India, which together accounted for a further 44%.

The United States, with a CAGR of +156.4%, saw the highest growth rate of 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 import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, increasing by 53% against the previous year. In general, import price indicated a modest expansion from 2012 to 2021: its price 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, import price for polyethylene with a specific gravity of less than X, in primary forms increased by +55.1% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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