Romania: Polyethylene Binder Market 2024

Polyethylene Binder Market Size in Romania

The Romanian polyethylene binder market surged to $X in 2022, increasing by 29% 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). In general, the total consumption indicated buoyant growth 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, consumption increased by +77.7% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Polyethylene Binder Exports

Exports from Romania

Polyethylene binder exports from Romania declined rapidly to X tons in 2022, dropping by -27.4% on the previous year. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 247% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced remarkably in the following year.

In value terms, polyethylene binder exports dropped rapidly to $X in 2022. Overall, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 272%. The exports peaked at $X in 2021, and then plummeted in the following year.

Exports by Country

Moldova (X tons) was the main destination for polyethylene binder exports from Romania, accounting for a 65% share of total exports. Moreover, polyethylene binder exports to Moldova exceeded the volume sent to the second major destination, Hungary (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Moldova stood at +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+12.9% per year) and Italy (+73.6% per year).

In value terms, Moldova ($X) remains the key foreign market for polyethylene or polypropylene binder or baler (agricultural) twines exports from Romania, comprising 87% of total exports. The second position in the ranking was taken by Hungary ($X), with a 7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Moldova stood at +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-4.2% per year) and Italy (+72.7% per year).

Export Prices by Country

The average polyethylene binder export price stood at $X per ton in 2022, shrinking by -16.9% against the previous year. Overall, the export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 76% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Hungary ($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 Moldova (+2.0%), while the prices for the other major destinations experienced a decline.

Polyethylene Binder Imports

Imports into Romania

In 2022, approx. X tons of polyethylene or polypropylene binder or baler (agricultural) twines were imported into Romania; jumping by 28% on the previous year's figure. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +8.3% 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 +43.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 52% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, polyethylene binder imports surged to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +10.6% 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 +90.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 61%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Hungary (X tons), the Czech Republic (X tons) and Germany (X tons) were the main suppliers of polyethylene binder imports to Romania, together comprising 61% of total imports. Serbia, Portugal, Turkey and Spain lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +53.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene binder suppliers to Romania were Hungary ($X), the Czech Republic ($X) and Germany ($X), together accounting for 62% of total imports. Serbia, Portugal, Turkey and Spain lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, Portugal, with a CAGR of +59.8%, recorded 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 2022, the average polyethylene binder import price amounted to $X per ton, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 32%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Czech Republic ($X per ton) and Portugal ($X per ton), while the price for Serbia ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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