Romania: Acyclic Hydrocarbons Market 2024

Acyclic Hydrocarbons Market Size in Romania

In 2020, the Romanian acyclic hydrocarbons market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, continues to indicate a deep slump. Acyclic hydrocarbons consumption peaked at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Acyclic Hydrocarbons Production in Romania

In value terms, acyclic hydrocarbons production reduced rapidly to $X in 2020 estimated in export price. In general, production faced a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2020, production failed to regain momentum.

Acyclic Hydrocarbons Exports

Exports from Romania

In 2020, overseas shipments of acyclic hydrocarbons decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, total exports indicated buoyant growth from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

In value terms, acyclic hydrocarbons exports fell sharply to $X in 2020. Overall, exports saw a noticeable decline. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Portugal (X tons), Italy (X tons) and Spain (X tons) were the main destinations of acyclic hydrocarbons exports from Romania, together comprising X% of total exports.

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

In value terms, Italy ($X), Portugal ($X) and Spain ($X) appeared to be the largest markets for acyclic hydrocarbons exported from Romania worldwide, with a combined X% share of total exports.

Among the main countries of destination, Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average acyclic hydrocarbons export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price saw a abrupt setback. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Portugal ($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 Turkey (X%), while the prices for the other major destinations experienced a decline.

Acyclic Hydrocarbons Imports

Imports into Romania

After three years of decline, supplies from abroad of acyclic hydrocarbons increased by X% to X tons in 2020. Over the period under review, imports, however, showed a mild shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, acyclic hydrocarbons imports soared to $X in 2020. In general, imports, however, showed a abrupt descent. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

Italy (X tons), the United Arab Emirates (X tons) and the United States (X tons) were the main suppliers of acyclic hydrocarbons imports to Romania, together comprising X% of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acyclic hydrocarbons suppliers to Romania were Italy ($X), the United Arab Emirates ($X) and the United States ($X), together accounting for X% of total imports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2020, the average acyclic hydrocarbons import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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