Romania: Solid Biofuel Market 2024

Solid Biofuel Market Size in Romania

In 2022, the Romanian solid biofuel market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a prominent increase. Solid biofuel consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Solid Biofuel Production in Romania

In value terms, solid biofuel production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Solid Biofuel Exports

Exports from Romania

In 2022, shipments abroad of solid biofuels decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, solid biofuel exports surged to $X in 2022. Over the period under review, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Austria (X tons) was the main destination for solid biofuel exports from Romania, accounting for a X% share of total exports. Moreover, solid biofuel exports to Austria exceeded the volume sent to the second major destination, Italy (X tons), threefold. Bulgaria (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Bulgaria (X% per year).

In value terms, the largest markets for solid biofuel exported from Romania were Austria ($X), Italy ($X) and Bulgaria ($X), with a combined X% share of total exports. Greece, Slovenia, Germany and Hungary lagged somewhat behind, together comprising a further X%.

Slovenia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average solid biofuel export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Austria ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Solid Biofuel Imports

Imports into Romania

In 2022, after seven years of growth, there was significant decline in overseas purchases of solid biofuels, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, solid biofuel imports skyrocketed to $X in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest supplier of solid biofuel to Romania, accounting for a X% share of total imports. Moreover, solid biofuel imports from Ukraine exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Ukraine amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Turkey (X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of solid biofuels to Romania, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Ukraine stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Russia (X% per year).

Import Prices by Country

The average solid biofuel import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Lithuania ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :