Romania: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Romania

The Romanian silicon dioxide market skyrocketed to $X in 2021, surging by 24% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Silicon Dioxide Production in Romania

In value terms, silicon dioxide production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. Silicon dioxide production peaked in 2021 and is expected to retain growth in the near future.

Silicon Dioxide Exports

Exports from Romania

In 2021, shipments abroad of silicon dioxide increased by 127% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 784% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, silicon dioxide exports skyrocketed to $X in 2021. In general, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 314%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Slovakia (X tons) was the main destination for silicon dioxide exports from Romania, with a 58% share of total exports. Moreover, silicon dioxide exports to Slovakia exceeded the volume sent to the second major destination, Russia (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Slovakia amounted to +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+17.5% per year) and the UK (0.0% per year).

In value terms, Slovakia ($X) remains the key foreign market for silicon dioxide exports from Romania, comprising 43% of total exports. The second position in the ranking was taken by Russia ($X), with a 20% share of total exports. It was followed by the UK, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Slovakia amounted to +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+20.1% per year) and the UK (0.0% per year).

Export Prices by Country

The average silicon dioxide export price stood at $X per ton in 2021, waning by -8.1% against the previous year. In general, the export price recorded a pronounced setback. The pace of growth appeared the most rapid in 2015 an increase of 159% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+18.1%), while the prices for the other major destinations experienced mixed trend patterns.

Silicon Dioxide Imports

Imports into Romania

In 2021, silicon dioxide imports into Romania was estimated at X tons, surging by 13% compared with 2020 figures. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, silicon dioxide imports surged to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Turkey (X tons) and China (X tons) were the main suppliers of silicon dioxide imports to Romania, with a combined 62% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +111.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), China ($X) and Turkey ($X) appeared to be the largest silicon dioxide suppliers to Romania, with a combined 65% share of total imports.

Poland, with a CAGR of +121.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silicon dioxide import price stood at $X per ton in 2021, surging by 14% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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