Romania: Carbon Dioxide Market 2024

Carbon Dioxide Market Size in Romania

The Romanian carbon dioxide market expanded rapidly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Carbon dioxide consumption peaked in 2022 and is likely to continue growth in the near future.

Carbon Dioxide Production in Romania

In value terms, carbon dioxide production reduced modestly to $X in 2022 estimated in export price. In general, production continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, production reached the peak level of $X, and then contracted slightly in the following year.

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Carbon Dioxide Exports

Exports from Romania

In 2022, overseas shipments of carbon dioxide increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, carbon dioxide exports soared to $X in 2022. In general, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hungary (X tons), Moldova (X tons) and France (X tons) were the main destinations of carbon dioxide exports from Romania, with a combined X% share of total exports. Germany, Greece, Ukraine and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for carbon dioxide exported from Romania were Moldova ($X), Hungary ($X) and France ($X), together accounting for X% of total exports. Germany, Ukraine, Greece and Italy lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Germany, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average carbon dioxide export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Germany ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carbon Dioxide Imports

Imports into Romania

In 2022, supplies from abroad of carbon dioxide increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, carbon dioxide imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Serbia (X tons) constituted the largest supplier of carbon dioxide to Romania, with a X% share of total imports. Moreover, carbon dioxide imports from Serbia exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), threefold. Austria (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Serbia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Austria (X% per year).

In value terms, Serbia ($X), Bulgaria ($X) and Austria ($X) appeared to be the largest carbon dioxide suppliers to Romania, together comprising X% of total imports.

Among the main suppliers, Austria, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average carbon dioxide import price amounted to $X per ton, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was North Macedonia ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform