Romania: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Romania

In 2022, after two years of growth, there was significant decline in the Romanian saturated acyclic hydrocarbons market, when its value decreased by -14.2% to $X. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Saturated Acyclic Hydrocarbons Production in Romania

In value terms, saturated acyclic hydrocarbons production declined dramatically to $X in 2022 estimated in export price. Overall, production continues to indicate a dramatic slump. Saturated acyclic hydrocarbons production peaked at $X in 2021, and then plummeted in the following year.

Saturated Acyclic Hydrocarbons Exports

Exports from Romania

In 2022, saturated acyclic hydrocarbons exports from Romania fell to X tons, with a decrease of -10.8% against 2021 figures. In general, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 60%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, saturated acyclic hydrocarbons exports dropped to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 83% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for saturated acyclic hydrocarbons exports from Romania, accounting for a 88% share of total exports. Moreover, saturated acyclic hydrocarbons exports to Turkey exceeded the volume sent to the second major destination, Serbia (X tons), more than tenfold. The third position in this ranking was taken by Moldova (X tons), with a 3.5% share.

From 2013 to 2022, the average annual growth rate of volume to Turkey amounted to +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+49.9% per year) and Moldova (+56.7% per year).

In value terms, Turkey ($X) remains the key foreign market for saturated acyclic hydrocarbons exports from Romania, comprising 88% of total exports. The second position in the ranking was held by Serbia ($X), with a 4.3% share of total exports. It was followed by Moldova, with a 4.2% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Turkey totaled +30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+54.7% per year) and Moldova (+70.1% per year).

Export Prices by Country

The average saturated acyclic hydrocarbons export price stood at $X per ton in 2022, with an increase of 8.2% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2021 an increase of 21%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

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 Moldova ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Saturated Acyclic Hydrocarbons Imports

Imports into Romania

In 2022, imports of saturated acyclic hydrocarbons into Romania declined to X tons, which is down by -14.6% on the previous year. The total import volume increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 56%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, saturated acyclic hydrocarbons imports reached $X in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +49.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 59% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of saturated acyclic hydrocarbons to Romania, accounting for a 76% share of total imports. Moreover, saturated acyclic hydrocarbons imports from Hungary exceeded the figures recorded by the second-largest supplier, Serbia (X tons), tenfold. The third position in this ranking was taken by Belarus (X tons), with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary totaled +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (-5.3% per year) and Belarus (-23.4% per year).

In value terms, Hungary ($X) constituted the largest supplier of saturated acyclic hydrocarbons to Romania, comprising 71% of total imports. The second position in the ranking was held by Serbia ($X), with a 6.3% share of total imports. It was followed by Belarus, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary amounted to +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (-6.8% per year) and Belarus (-11.4% per year).

Import Prices by Country

In 2022, the average saturated acyclic hydrocarbons import price amounted to $X per ton, growing by 22% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 46% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Lithuania ($X per ton) and Hungary ($X per ton), while the price for Latvia ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+15.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :