Romania: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Romania

The Romanian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at less than $X in 2022, approximately equating the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Romania

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms expanded modestly to $X in 2022 estimated in export price. In general, production saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 311% against the previous year. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Romania

In 2016, shipments abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -48.9% to X tons, falling for the third consecutive year after two years of growth. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 187% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2016, the growth of the exports of failed to regain momentum.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms dropped notably to $X in 2016. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 155%. As a result, the exports attained the peak of $X. From 2014 to 2016, the growth of the exports of failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Romania, accounting for a 71% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to the Czech Republic exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The third position in this ranking was taken by Hungary (X tons), with a 6.2% share.

From 2012 to 2016, the average annual rate of growth in terms of volume to the Czech Republic stood at -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+46.8% per year) and Hungary (+142.9% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Romania, comprising 67% of total exports. The second position in the ranking was taken by Italy ($X), with a 15% share of total exports. It was followed by Hungary, with an 8.6% share.

From 2012 to 2016, the average annual growth rate of value to the Czech Republic totaled -15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+58.3% per year) and Hungary (+142.5% per year).

Export Prices by Country

In 2016, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, picking up by 3% against the previous year. Overall, the export price, however, saw a abrupt decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2016, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Romania

In 2016, purchases abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 7.7% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2016; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 15% against the previous year. Over the period under review, imports of hit record highs in 2016 and are expected to retain growth in the near future.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms shrank slightly to $X in 2016. In general, imports, however, saw a deep slump. The smallest decline of -0.4% was in 2013. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2016, imports remained at a lower figure.

Imports by Country

Turkey (X tons), South Korea (X tons) and Belgium (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Romania, together comprising 61% of total imports.

From 2012 to 2016, the biggest increases were recorded for Belgium (with a CAGR of +405.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms suppliers to Romania were Turkey ($X), South Korea ($X) and Italy ($X), with a combined 61% share of total imports. Belgium, India, Indonesia, Greece, Serbia, Lithuania, Egypt and Germany lagged somewhat behind, together comprising a further 33%.

Belgium, with a CAGR of +340.9%, 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

In 2016, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, with a decrease of -9.2% against the previous year. Overall, the import price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 when the average import price increased by 0.4% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2016, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Oman (-4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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