Romania: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Romania

For the fifth year in a row, the Romanian barium or aluminium sulphates market recorded decline in sales value, which decreased by -20.4% to $X in 2022. Overall, consumption saw a deep setback. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in Romania

In value terms, barium or aluminium sulphates production declined to $X in 2022 estimated in export price. In general, production recorded a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 7.3%. Barium or aluminium sulphates production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from Romania

In 2022, overseas shipments of sulphates of barium or aluminium increased by 24% to X tons, rising for the second year in a row after eight years of decline. Overall, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 204% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 181% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ukraine (X tons), Bulgaria (X tons) and Morocco (X tons) were the main destinations of barium or aluminium sulphates exports from Romania, together accounting for 79% of total exports. Austria and Ghana lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +174.6%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for barium or aluminium sulphates exported from Romania were Ukraine ($X), Morocco ($X) and Bulgaria ($X), together accounting for 81% of total exports. Austria and Ghana lagged somewhat behind, together accounting for a further 12%.

Austria, with a CAGR of +177.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, rising by 9.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2020 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Morocco ($X per ton) and Ukraine ($X per ton), while the average price for exports to Bulgaria ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Romania

In 2022, the amount of sulphates of barium or aluminium imported into Romania soared to X tons, surging by 129% against the previous year's figure. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 856%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, barium or aluminium sulphates imports skyrocketed to $X in 2022. In general, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 522% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of barium or aluminium sulphates to Romania, accounting for a 62% share of total imports. Moreover, barium or aluminium sulphates imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Hungary (X tons), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +259.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.5% per year) and Hungary (-12.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of sulphates of barium or aluminium to Romania, comprising 66% of total imports. The second position in the ranking was taken by Germany ($X), with a 25% share of total imports. It was followed by Italy, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +258.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.5% per year) and Italy (+0.4% per year).

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, surging by 49% against the previous year. In general, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of 166%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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