Romania: Caustic Soda Market 2024

Caustic Soda Market Size in Romania

The Romanian caustic soda market shrank significantly to $X in 2022, dropping by X% against the previous year. Overall, consumption saw a pronounced descent. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Caustic Soda Production in Romania

In value terms, caustic soda production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Caustic soda production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Caustic Soda Exports

Exports from Romania

Caustic soda exports from Romania soared to X tons in 2022, growing by X% against the year before. Overall, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, caustic soda exports soared to $X in 2022. In general, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for caustic soda exports from Romania, with a X% share of total exports. Moreover, caustic soda exports to Turkey exceeded the volume sent to the second major destination, Bulgaria (X tons), twofold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Bosnia and Herzegovina (X% per year).

In value terms, Turkey ($X), Bulgaria ($X) and Bosnia and Herzegovina ($X) constituted the largest markets for caustic soda exported from Romania worldwide, together comprising X% of total exports. Italy, Hungary, Poland, Ukraine, the Czech Republic, Slovakia, Serbia, Greece and Germany lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average caustic soda export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, recorded a slight setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 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 Slovakia ($X per ton), while the average price for exports to Turkey ($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 Slovakia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Caustic Soda Imports

Imports into Romania

In 2022, supplies from abroad of caustic soda decreased by X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, caustic soda imports reduced rapidly to $X in 2022. In general, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of caustic soda to Romania, accounting for a X% share of total imports. Moreover, caustic soda imports from Hungary exceeded the figures recorded by the second-largest supplier, Iran (X tons), fivefold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (X% per year) and Turkey (X% per year).

In value terms, Hungary ($X), Iran ($X) and Turkey ($X) constituted the largest caustic soda suppliers to Romania, with a combined X% share of total imports.

Iran, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average caustic soda import price stood at $X per ton in 2022, growing by X% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Ukraine ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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