Romania: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Romania

In 2022, after two years of growth, there was significant decline in the Romanian polyvinyl chloride market, when its value decreased by -5.1% to $X. In general, consumption, however, showed prominent growth. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Polyvinyl Chloride Production in Romania

In value terms, polyvinyl chloride production contracted rapidly to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 330%. Over the period under review, production attained the peak level at $X in 2021, and then fell markedly in the following year.

Polyvinyl Chloride Exports

Exports from Romania

Polyvinyl chloride exports from Romania contracted to X tons in 2022, shrinking by -11.2% on the previous year's figure. Over the period under review, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 44% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, polyvinyl chloride exports fell sharply to $X in 2022. In general, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 97% against the previous year. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Bulgaria (X tons), the Czech Republic (X tons) and Germany (X tons) were the main destinations of polyvinyl chloride exports from Romania, together accounting for 41% of total exports. Serbia, China, Hungary, Poland, Moldova, France, Italy, Greece, Albania and Ukraine lagged somewhat behind, together comprising a further 53%.

From 2012 to 2022, the biggest increases were recorded for Albania (with a CAGR of +1,556.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), China ($X) and the Czech Republic ($X) constituted the largest markets for polyvinyl chloride exported from Romania worldwide, together accounting for 46% of total exports. Serbia, Hungary, Germany, Moldova, Albania, Italy, Poland, Greece, France and Ukraine lagged somewhat behind, together accounting for a further 48%.

Albania, with a CAGR of +2,674.9%, saw the highest rates of growth with regard to 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

The average polyvinyl chloride export price stood at $X per ton in 2022, declining by -9.8% against the previous year. Overall, the export price, however, saw a slight increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to France ($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 Albania (+67.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into Romania

In 2022, overseas purchases of polyvinyl chloride decreased by -15.2% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +43.0% against 2017 indices. The growth pace was the most rapid in 2021 when imports increased by 34%. As a result, imports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, polyvinyl chloride imports fell to $X in 2022. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 111%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Hungary (X tons) constituted the largest polyvinyl chloride supplier to Romania, accounting for a 39% share of total imports. Moreover, polyvinyl chloride imports from Hungary exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a 13% 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: Germany (+1.2% per year) and Poland (+24.9% per year).

In value terms, Hungary ($X) constituted the largest supplier of polyvinyl chloride to Romania, comprising 39% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Poland, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Hungary totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.7% per year) and Poland (+28.6% per year).

Import Prices by Country

In 2022, the average polyvinyl chloride import price amounted to $X per ton, picking up by 10% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by +73.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 58% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Germany ($X per ton), while the price for Turkey ($X per ton) and Poland ($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 Czech Republic (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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