Romania: Pyrites Market 2024

Pyrites Market Size in Romania

The Romanian pyrites market soared to $X in 2022, growing by 27% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Pyrites consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Pyrites Production in Romania

In value terms, pyrites production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of 5.3%. Pyrites production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Pyrites Exports

Exports from Romania

In 2022, shipments abroad of pyrites decreased by -48.5% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 55,069% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, pyrites exports reduced notably to $X in 2022. In general, exports faced a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of 24,613% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for pyrites exports from Romania, with a 60% share of total exports. Moreover, pyrites exports to China exceeded the volume sent to the second major destination, Spain (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to China totaled -18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+102.1% per year) and Hungary (+64.3% per year).

In value terms, Spain ($X), China ($X) and Hungary ($X) appeared to be the largest markets for pyrites exported from Romania worldwide, with a combined 99.9% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +102.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average pyrites export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price, however, recorded a mild downturn. The pace of growth appeared the most rapid in 2017 an increase of 120% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Spain ($X per ton), while the average price for exports to China ($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 Hungary (-3.2%).

Pyrites Imports

Imports into Romania

In 2022, supplies from abroad of pyrites decreased by -67.7% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 179% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell notably in the following year.

In value terms, pyrites imports declined sharply to $X in 2022. Overall, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 249% against the previous year. Imports peaked at $X in 2021, and then contracted significantly in the following year.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of pyrites to Romania, accounting for a 71% share of total imports. Moreover, pyrites imports from Hungary exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), threefold. The third position in this ranking was held by Austria (X kg), with a 0.4% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary stood at +540.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+4.0% per year) and Austria (+1.8% per year).

In value terms, Hungary ($X) constituted the largest supplier of pyrites to Romania, comprising 65% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 32% share of total imports. It was followed by Austria, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from Hungary stood at +225.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+6.4% per year) and Austria (-4.4% per year).

Import Prices by Country

The average pyrites import price stood at $X per ton in 2022, shrinking by -11.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 36% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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