
Romania - Aluminium Hydroxide - Market Analysis, Forecast, Size, Trends and Insights
Romania: Aluminium Hydroxide Market 2023
Aluminium Hydroxide Market Size in Romania
The Romanian aluminium hydroxide market shrank markedly to $X in 2021, falling by -96.3% against the previous year. In general, consumption faced a dramatic slump. Over the period under review, the market attained the peak level at $X in 2020, and then reduced dramatically in the following year.
Aluminium Hydroxide Production in Romania
In value terms, aluminium hydroxide production declined dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, showed significant growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 3,389%. As a result, production reached the peak level of $X, and then dropped rapidly in the following year.
Aluminium Hydroxide Exports
Exports from Romania
In 2021, approx. X tons of aluminium hydroxide were exported from Romania; increasing by 19% on 2020. The total export volume increased at an average annual rate of +19.1% from 2020 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, aluminium hydroxide exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +27.9% from 2020 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports by Country
Turkey (X tons), Italy (X tons) and Colombia (X tons) were the main destinations of aluminium hydroxide exports from Romania, together accounting for 72% of total exports. These countries were followed by Ukraine, Peru, Chile, Hungary, Ecuador and South Korea, which together accounted for a further 23%.
From 2020 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of +293.2%), while the other leaders experienced more modest paces of growth.
In value terms, Turkey ($X), Italy ($X) and Ukraine ($X) constituted the largest markets for aluminium hydroxide exported from Romania worldwide, with a combined 63% share of total exports. Colombia, Peru, Chile, Hungary, Ecuador and South Korea lagged somewhat behind, together comprising a further 29%.
Ecuador, with a CAGR of +303.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average aluminium hydroxide export price stood at $X per ton in 2021, rising by 7.4% against the previous year. Over the last one-year period, it increased at an average annual rate of +7.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.
From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium Hydroxide Imports
Imports into Romania
In 2021, the amount of aluminium hydroxide imported into Romania surged to X tons, rising by 35% on 2020 figures. The total import volume increased at an average annual rate of +34.9% over the period from 2020 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, aluminium hydroxide imports soared to $X in 2021. The total import value increased at an average annual rate of +20.7% from 2020 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, Bosnia and Herzegovina (X tons) constituted the largest supplier of aluminium hydroxide to Romania, with a 76% share of total imports. Moreover, aluminium hydroxide imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), eightfold. Hungary (X tons) ranked third in terms of total imports with a 7.8% share.
From 2020 to 2021, the average annual rate of growth in terms of volume from Bosnia and Herzegovina stood at +46.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+4.4% per year) and Hungary (+114.9% per year).
In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of aluminium hydroxide to Romania, comprising 50% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 16% share.
From 2020 to 2021, the average annual rate of growth in terms of value from Bosnia and Herzegovina totaled +50.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-28.6% per year) and the Netherlands (-5.5% per year).
Import Prices by Country
In 2021, the average aluminium hydroxide import price amounted to $X per ton, with a decrease of -10.6% against the previous year. In general, the import price showed a abrupt shrinkage. The import price peaked at $X per ton in 2020, and then shrank in the following year.
Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.
From 2020 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the aluminium hydroxide market 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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