Report Update: May 1, 2024

Romania - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights

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Price for Processed Petroleum Oils and Distillates in Romania - 2023

Price for Processed Petroleum Oils and Distillates in Romania (CIF) - 2023

The average import price for processed petroleum oils and distillates stood at $930 per ton in July 2023, growing by 2.5% against the previous month. In general, the import price, however, showed a perceptible decrease. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 10% against the previous month. The import price peaked at $1,299 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($1,080 per ton), while the price for Russia ($616 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Hungary (-0.1%), while the prices for the other major suppliers experienced a decline.

Price for Processed Petroleum Oils and Distillates in Romania (FOB) - 2023

In July 2023, the average export price for processed petroleum oils and distillates amounted to $902 per ton, increasing by 6.4% against the previous month. Over the period under review, the export price, however, recorded a slight slump. The most prominent rate of growth was recorded in January 2023 an increase of 7.8% against the previous month. Over the period under review, the average export prices hit record highs at $1,130 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In July 2023, the highest price was recorded for prices to Ukraine ($1,029 per ton) and Gibraltar ($999 per ton), while the average price for exports to Georgia ($818 per ton) and Moldova ($864 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Gibraltar (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Processed Petroleum Oils and Distillates in Romania

For the fourth year in a row, Romania recorded growth in supplies from abroad of processed petroleum oils and distillates, which increased by 37% to 6.9M tons in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 90%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, processed petroleum oils and distillates imports soared to $3B in 2022. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2021 when imports increased by 90% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Processed Petroleum Oils and Distillates in Romania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	42.4	63.8	120	1,455	225.0%
India	0.6	0.5	0.8	294	688.4%
Hungary	236	281	332	274	5.1%
Bulgaria	58.9	31.1	56.1	236	58.8%
Germany	62.7	59.8	89.1	179	41.9%
Serbia	21.2	10.6	37.9	91.1	62.6%
Slovakia	14.7	10.7	30.4	58.6	58.6%
Russia	733	488	1,157	N/A	25.6%
Others	182	217	391	438	34.0%
Total	1,351	1,163	2,214	3,026	30.8%

Top Suppliers of Processed Petroleum Oils and Distillates to Romania in 2022:

Turkey (3689.8K tons)
Hungary (776.4K tons)
India (709.3K tons)
Bulgaria (542.8K tons)
Serbia (199.5K tons)
Germany (179.4K tons)
Slovakia (140.3K tons)

Exports of Processed Petroleum Oils and Distillates in Romania

After two years of decline, shipments abroad of processed petroleum oils and distillates increased by 29% to 3.6M tons in 2022. In general, exports, however, showed a pronounced shrinkage.

In value terms, processed petroleum oils and distillates exports surged to $3.7B in 2022. Over the period under review, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Processed Petroleum Oils and Distillates in Romania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Moldova	479	261	365	981	27.0%
Bulgaria	350	213	295	378	2.6%
Ukraine	17.5	25.4	23.2	308	160.1%
Georgia	192	72.0	145	270	12.0%
Hungary	129	84.3	170	269	27.8%
Gibraltar	94.0	170	176	235	35.7%
Israel	50.2	34.5	0.9	220	63.6%
Morocco	N/A	N/A	16.2	131	708.6%
Libya	N/A	19.0	18.0	107	137.3%
Lebanon	143	70.7	26.7	90.8	-14.0%
Serbia	122	48.5	64.5	90.0	-9.6%
Albania	36.1	9.7	16.1	69.0	24.1%
Italy	0.5	0.4	16.2	57.5	386.3%
Others	837	310	512	449	-18.7%
Total	2,451	1,318	1,845	3,654	14.2%

Top Export Markets for Processed Petroleum Oils and Distillates from Romania in 2022:

Moldova (938.4K tons)
Bulgaria (371.5K tons)
Hungary (284.8K tons)
Georgia (274.7K tons)
Ukraine (265.5K tons)
Gibraltar (237.0K tons)
Israel (223.8K tons)
Libya (128.1K tons)
Morocco (116.9K tons)
Lebanon (87.7K tons)
Serbia (84.2K tons)
Albania (73.2K tons)
Italy (62.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for processed petroleum oils and distillates 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:

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