Romania: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Romania

After three years of growth, the Romanian reaction initiators and accelerators market decreased by -5.8% to $X in 2022. Overall, consumption, however, enjoyed a strong expansion. Over the period under review, the market attained the peak level at $X in 2021, and then contracted in the following year.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Romania

In 2022, after two years of growth, there was significant decline in shipments abroad of reaction initiators, reaction accelerators and catalytic preparations, when their volume decreased by -77.4% to X tons. Overall, exports, however, saw a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by 582% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then contracted markedly in the following year.

In value terms, reaction initiators and accelerators exports fell sharply to $X in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 561%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for reaction initiators and accelerators exports from Romania, accounting for a 56% share of total exports. Moreover, reaction initiators and accelerators exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was held by France (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+22.9% per year) and France (+161.2% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from Romania, comprising 45% of total exports. The second position in the ranking was held by Poland ($X), with a 17% share of total exports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled +41.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+118.1% per year) and France (+178.4% per year).

Export Prices by Country

In 2022, the average reaction initiators and accelerators export price amounted to $X per ton, rising by 258% against the previous year. Overall, the export price continues to indicate a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Germany ($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 Poland (+58.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Romania

In 2022, after three years of growth, there was significant decline in supplies from abroad of reaction initiators, reaction accelerators and catalytic preparations, when their volume decreased by -47.7% to X tons. Over the period under review, imports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 67% against the previous year. Imports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, reaction initiators and accelerators imports shrank to $X in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 122% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest reaction initiators and accelerators supplier to Romania, with a 71% share of total imports. Moreover, reaction initiators and accelerators imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), eightfold. The third position in this ranking was taken by Italy (X tons), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+34.5% per year) and Italy (+6.0% per year).

In value terms, Germany ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to Romania, comprising 64% of total imports. The second position in the ranking was taken by Poland ($X), with a 31% share of total imports. It was followed by France, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +37.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+117.1% per year) and France (+11.7% per year).

Import Prices by Country

In 2022, the average reaction initiators and accelerators import price amounted to $X per ton, with an increase of 77% against the previous year. Overall, the import price recorded significant growth. The most prominent rate of growth was recorded in 2018 an increase of 159%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+61.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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