Romania: Polyurethanes Market 2024

Polyurethanes Market Size in Romania

The Romanian polyurethanes market expanded markedly to $X in 2021, rising by 11% against the previous year. Over the period under review, consumption, however, posted prominent growth. Polyurethanes consumption peaked in 2021 and is expected to retain growth in the near future.

Polyurethanes Production in Romania

In value terms, polyurethanes production soared to $X in 2021 estimated in export price. Overall, production, however, posted a resilient increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Polyurethanes Exports

Exports from Romania

For the third consecutive year, Romania recorded growth in overseas shipments of polyurethanes in primary forms, which increased by 18% to X tons in 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 20%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, polyurethanes exports soared to $X in 2021. Over the period under review, total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Italy (X tons) and the Netherlands (X tons) were the main destinations of polyurethanes exports from Romania, with a combined 53% share of total exports. The UK, the Czech Republic, Spain, Austria, Australia, Ireland, Serbia, Croatia, Sweden and Denmark lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +518.1%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Italy ($X) and the Netherlands ($X) constituted the largest markets for polyurethanes exported from Romania worldwide, together comprising 50% of total exports. The UK, the Czech Republic, Spain, Australia, Austria, Ireland, Serbia, Sweden, Croatia and Denmark lagged somewhat behind, together accounting for a further 30%.

Sweden, with a CAGR of +532.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average polyurethanes export price amounted to $X per ton, surging by 30% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. 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 overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and the UK ($X per ton), while the average price for exports to Croatia ($X per ton) and Italy ($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 Australia (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Polyurethanes Imports

Imports into Romania

In 2021, after two years of decline, there was significant growth in purchases abroad of polyurethanes in primary forms, when their volume increased by 7.8% to X tons. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.4% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, polyurethanes imports surged to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, 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

Italy (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of polyurethanes imports to Romania, with a combined 73% share of total imports. Bulgaria, Poland, France and Estonia lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +39.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyurethanes suppliers to Romania were Germany ($X), Italy ($X) and Hungary ($X), with a combined 74% share of total imports. Poland, France, Bulgaria and Estonia lagged somewhat behind, together comprising a further 15%.

Bulgaria, with a CAGR of +34.3%, saw the highest rates of growth with regard to 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 polyurethanes import price stood at $X per ton in 2021, jumping by 23% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. 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 Germany ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :