Romania: Alcohols Market 2024

Alcohols Market Size in Romania

In 2020, after three years of growth, there was decline in the Romanian alcohols market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Alcohols consumption peaked at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Alcohols Production in Romania

In value terms, alcohols production dropped to $X in 2020 estimated in export price. Over the period under review, production, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2013 with a decrease of X%. Alcohols production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain momentum.

Alcohols Exports

Exports from Romania

In 2020, shipments abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports showed a pronounced downturn. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

In value terms, alcohols exports shrank significantly to $X in 2020. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2020, the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for alcohols exports from Romania, with a X% share of total exports. Moreover, alcohols exports to Bulgaria exceeded the volume sent to the second major destination, Hungary (X tons), ninefold. Greece (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Bulgaria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Greece (X% per year).

In value terms, Bulgaria ($X) emerged as the key foreign market for alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exports from Romania, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with an X% share of total exports. It was followed by Greece, with a X% share.

From 2012 to 2020, the average annual growth rate of value to Bulgaria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Greece (X% per year).

Export Prices by Country

The average alcohols export price stood at $X per ton in 2020, waning by X% against the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Alcohols Imports

Imports into Romania

In 2020, imports of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives into Romania expanded notably to X tons, growing by X% compared with the year before. Overall, total imports indicated a temperate increase from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in years to come.

In value terms, alcohols imports declined to $X in 2020. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

Russia (X tons), Serbia (X tons) and Azerbaijan (X tons) were the main suppliers of alcohols imports to Romania, together accounting for X% of total imports.

From 2012 to 2020, the biggest increases were recorded for Azerbaijan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Serbia ($X) and Azerbaijan ($X) constituted the largest alcohols suppliers to Romania, together comprising X% of total imports.

Among the main suppliers, Azerbaijan, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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