
Romania - Artificial and Prepared Waxes of Polyethylene Glycol - Market Analysis, Forecast, Size, Trends and Insights
Romania: Polyethylene Glycol Wax Market 2022
Polyethylene Glycol Wax Market Size in Romania
The Romanian polyethylene glycol wax market expanded sharply to $X in 2021, growing by 5.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a significant increase. Polyethylene glycol wax consumption peaked in 2021 and is likely to continue growth in the near future.
Polyethylene Glycol Wax Exports
Exports from Romania
In 2021, exports of artificial and prepared waxes of polyethylene glycol from Romania dropped dramatically to X kg, with a decrease of -99.9% compared with the year before. In general, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 365%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.
In value terms, polyethylene glycol wax exports fell sharply to $X in 2021. Over the period under review, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2014 with an increase of 113%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.
Exports by Country
The UK (X kg) was the main destination for polyethylene glycol wax exports from Romania, with a approx. 100% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled -73.3%.
In value terms, the UK ($X) emerged as the key foreign market for polyethylene glycol wax exports from Romania.
From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at -86.8%.
Export Prices by Country
In 2021, the average polyethylene glycol wax export price amounted to $X per ton, falling by -41.1% against the previous year. In general, the export price, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2019 an increase of 457%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to +4.6% per year.
Polyethylene Glycol Wax Imports
Imports into Romania
In 2021, the amount of artificial and prepared waxes of polyethylene glycol imported into Romania reduced to X tons, with a decrease of -4.3% on the previous year's figure. Over the period under review, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 861% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.
In value terms, polyethylene glycol wax imports skyrocketed to $X in 2021. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 570% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.
Imports by Country
In 2021, Italy (X tons) constituted the largest polyethylene glycol wax supplier to Romania, accounting for a 89% share of total imports. Moreover, polyethylene glycol wax imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold.
From 2012 to 2021, the average annual growth rate of volume from Italy stood at +59.6%.
In value terms, Italy ($X) constituted the largest supplier of polyethylene glycol wax to Romania, comprising 83% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports.
From 2012 to 2021, the average annual growth rate of value from Italy amounted to +49.9%.
Import Prices by Country
In 2021, the average polyethylene glycol wax import price amounted to $X per ton, picking up by 22% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2016 when the average import price increased by 25%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Italy totaled $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-6.1%), while the prices for the other major suppliers experienced a decline.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the polyethylene glycol wax 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
Recommended reports
This report provides an in-depth analysis of the global polyethylene glycol wax market.
This report provides an in-depth analysis of the polyethylene glycol wax market in the EU.
This report provides an in-depth analysis of the polyethylene glycol wax market in Asia.
This report provides an in-depth analysis of the polyethylene glycol wax market in the U.S..
This report provides an in-depth analysis of the polyethylene glycol wax market in China.
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 22nd, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 8th, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET