Romania: Slaked Lime Market 2024

Slaked Lime Market Size in Romania

For the third year in a row, the Romanian slaked lime market recorded growth in sales value, which increased by 0.2% to $X in 2021. Overall, consumption continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 7.2% against the previous year. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Slaked Lime Production in Romania

In value terms, slaked lime production reached $X in 2021 estimated in export price. In general, production continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 7.7% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Slaked Lime Exports

Exports from Romania

In 2021, overseas shipments of slaked lime were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -26.7% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 35% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, slaked lime exports expanded markedly to $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +14.1% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 36% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Moldova (X tons) was the main destination for slaked lime exports from Romania, accounting for a 74% share of total exports. Moreover, slaked lime exports to Moldova exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Moldova amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+100.4% per year) and Hungary (+7.0% per year).

In value terms, Moldova ($X) remains the key foreign market for slaked lime exports from Romania, comprising 71% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Moldova amounted to +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+101.5% per year) and Hungary (+9.4% per year).

Export Prices by Country

In 2021, the average slaked lime export price amounted to $X per ton, picking up by 6.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2020 when the average export price increased by 21% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Hungary ($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 Hungary (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Slaked Lime Imports

Imports into Romania

In 2021, approx. X tons of slaked lime were imported into Romania; increasing by 248% compared with 2020 figures. Over the period under review, imports, however, saw a deep contraction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, slaked lime imports skyrocketed to $X in 2021. Overall, imports posted a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest slaked lime supplier to Romania, accounting for a 59% share of total imports. Moreover, slaked lime imports from Italy exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fourfold. The third position in this ranking was taken by Bulgaria (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +46.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+24.6% per year) and Bulgaria (+45.9% per year).

In value terms, Italy ($X) constituted the largest supplier of slaked lime to Romania, comprising 58% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an 18% share of total imports. It was followed by Bulgaria, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +55.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+26.6% per year) and Bulgaria (+46.5% per year).

Import Prices by Country

The average slaked lime import price stood at $X per ton in 2021, jumping by 20% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 138% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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