Romania: Trichloroethylene And Tetrachloroethylene Market 2024

Trichloroethylene And Tetrachloroethylene Market Size in Romania

In 2021, after three years of growth, there was decline in the Romanian trichloroethylene and tetrachloroethylene market, when its value decreased by -3.8% to $X. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +75.3% against 2017 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then fell slightly in the following year.

Trichloroethylene And Tetrachloroethylene Production in Romania

In value terms, trichloroethylene and tetrachloroethylene production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 28% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Trichloroethylene And Tetrachloroethylene Exports

Exports from Romania

In 2021, overseas shipments of trichloroethylene and tetrachloroethylene (perchloroethylene) increased by 43% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a precipitous slump. The most prominent rate of growth was recorded in 2015 when exports increased by 52% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, trichloroethylene and tetrachloroethylene exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 90% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

North Macedonia (X tons) was the main destination for trichloroethylene and tetrachloroethylene exports from Romania, accounting for a 68% share of total exports. Moreover, trichloroethylene and tetrachloroethylene exports to North Macedonia exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to North Macedonia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-36.4% per year) and Moldova (-40.9% per year).

In value terms, North Macedonia ($X) emerged as the key foreign market for trichloroethylene and tetrachloroethylene (perchloroethylene) exports from Romania, comprising 58% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to North Macedonia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-33.1% per year) and Moldova (-36.2% per year).

Export Prices by Country

In 2021, the average trichloroethylene and tetrachloroethylene export price amounted to $X per ton, reducing by -12% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, trichloroethylene and tetrachloroethylene export price increased by +60.1% against 2017 indices. The growth pace was the most rapid in 2018 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to North Macedonia ($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 Belgium (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Trichloroethylene And Tetrachloroethylene Imports

Imports into Romania

In 2021, supplies from abroad of trichloroethylene and tetrachloroethylene (perchloroethylene) decreased by -6.4% to X tons, falling for the third consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 32% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, trichloroethylene and tetrachloroethylene imports surged to $X in 2021. In general, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +107.1% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of trichloroethylene and tetrachloroethylene imports to Romania, together accounting for 91% of total imports. These countries were followed by Belgium, Bulgaria, Greece, Turkey and the Czech Republic, which together accounted for a further 7%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +126.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest trichloroethylene and tetrachloroethylene suppliers to Romania were Germany ($X), France ($X) and Italy ($X), with a combined 88% share of total imports. These countries were followed by Bulgaria, Greece, Belgium, Turkey and the Czech Republic, which together accounted for a further 6.3%.

Bulgaria, with a CAGR of +97.3%, recorded the highest growth rate of 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 trichloroethylene and tetrachloroethylene import price stood at $X per ton in 2021, with an increase of 51% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 the Czech Republic ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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