Romania: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Romania

After four years of decline, the Romanian market for pure polyvinyl chloride in primary forms increased by 20% to $X in 2022. Overall, consumption, however, recorded a noticeable decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Pure Polyvinyl Chloride in Primary Forms in Romania

In value terms, production of pure polyvinyl chloride in primary forms soared to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt decrease. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Romania

After two years of growth, overseas shipments of pure polyvinyl chloride in primary forms decreased by -62.1% to X tons in 2022. In general, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 201% against the previous year. As a result, the exports attained the peak of X tons, and then reduced remarkably in the following year.

In value terms, exports of pure polyvinyl chloride in primary forms fell notably to $X in 2022. Over the period under review, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 276%. The exports peaked at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Bulgaria (X tons), Poland (X tons) and Italy (X tons) were the main destinations of exports of pure polyvinyl chloride in primary forms from Romania, together comprising 62% of total exports. Hungary, Greece, Turkey, Slovenia, Germany and Serbia lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +67.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pure polyvinyl chloride in primary forms exported from Romania were Bulgaria ($X), Poland ($X) and Italy ($X), with a combined 61% share of total exports. Serbia, Greece, Turkey, Slovenia, Germany and Hungary lagged somewhat behind, together accounting for a further 37%.

Among the main countries of destination, Turkey, with a CAGR of +108.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, with an increase of 14% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for pure polyvinyl chloride in primary forms increased by +132.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 78% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Hungary ($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 Turkey (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Romania

After four years of growth, purchases abroad of pure polyvinyl chloride in primary forms decreased by -21.7% to X tons in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 22%. As a result, imports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, imports of pure polyvinyl chloride in primary forms dropped to $X in 2022. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 104% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Hungary (X tons) constituted the largest pure polyvinyl chloride in primary forms supplier to Romania, accounting for a 59% share of total imports. Moreover, imports of pure polyvinyl chloride in primary forms from Hungary exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fourfold. The third position in this ranking was taken by Belgium (X tons), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+67.1% per year) and Belgium (-5.9% per year).

In value terms, Hungary ($X) constituted the largest supplier of pure polyvinyl chloride in primary forms to Romania, comprising 59% of total imports. The second position in the ranking was held by Egypt ($X), with a 14% share of total imports. It was followed by Belgium, with a 5% share.

From 2012 to 2022, the average annual growth rate of value from Hungary stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+75.8% per year) and Belgium (-1.5% per year).

Import Prices by Country

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, rising by 14% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pure polyvinyl chloride in primary forms increased by +89.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 67% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and Poland ($X per ton), while the price for Turkey ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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