Report Update Nov 1, 2024

Romania - Styrene - Market Analysis, Forecast, Size, Trends and Insights

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Romania: Styrene Market 2024

Styrene Market Size in Romania

The Romanian styrene market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, continues to indicate a abrupt downturn. Styrene consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Styrene Exports

Exports from Romania

In 2020, exports of styrene from Romania shrank sharply to X tons, which is down by -53.8% against 2019 figures. Overall, exports showed a drastic downturn. The smallest decline of -19% was in 2016. The exports peaked at X tons in 2019, and then contracted sharply in the following year.

In value terms, styrene exports shrank sharply to $X in 2020. Over the period under review, exports recorded a abrupt setback. The smallest decline of -27.8% was in 2016. Over the period under review, the exports attained the peak figure at $X in 2019, and then plummeted in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for styrene exports from Romania, accounting for a approx. 100% share of total exports.

From 2015 to 2020, the average annual rate of growth in terms of volume to the Netherlands totaled -12.2%.

In value terms, the Netherlands ($X) emerged as the key foreign market for styrene exports from Romania.

From 2015 to 2020, the average annual rate of growth in terms of value to the Netherlands stood at -9.1%.

Export Prices by Country

In 2020, the average styrene export price amounted to $X per ton, dropping by -11.8% against the previous year. Overall, the export price, however, continues to indicate moderate growth. The most prominent rate of growth was recorded in 2016 when the average export price decreased by -10.8% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2015 to 2020, the rate of growth in terms of prices for the Netherlands amounted to +3.5% per year.

Styrene Imports

Imports into Romania

In 2021, the amount of styrene imported into Romania skyrocketed to X tons, growing by 62% on the year before. Overall, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, styrene imports soared to $X in 2021. In general, imports, however, continue to indicate a abrupt setback. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest styrene supplier to Romania, with a 84% share of total imports. Moreover, styrene imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Austria (X tons), eightfold. Italy (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+19.6% per year) and Italy (+40.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of styrene to Romania, comprising 85% of total imports. The second position in the ranking was held by Austria ($X), with a 9.4% share of total imports. It was followed by Italy, with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+17.0% per year) and Italy (+33.3% per year).

Import Prices by Country

In 2021, the average styrene import price amounted to $X per ton, with an increase of 22% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Turkey ($X per ton) and Belgium ($X per ton), while the price for Italy ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for styrene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 37% of global consumption.

What are the largest producers of styrene in the world?

The countries with the highest volumes of in 2021 were the United States, China and Saudi Arabia, together comprising 35% of global production.

What are the leading suppliers of styrene to Romania?

In value terms, the Netherlands constituted the largest supplier of styrene to Romania, comprising 86% of total imports. The second position in the ranking was occupied by Austria, with an 8.4% share of total imports.

What are the leading importers of styrene from Romania?

In value terms, Bulgaria remains the key foreign market for styrene exports from Romania.

What is the average export price for styrene in Romania?

The average styrene export price stood at $1,781 per ton in 2020, rising by 236% against the previous year.

What is the average import price for styrene in Romania?

The average styrene import price stood at $893 per ton in 2021, growing by 1.8% against the previous year.

This report provides an in-depth analysis of the styrene market in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141250 - Styrene

Country coverage:

Romania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Romania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023