Romania: Oxides Of Boron Market 2022

Oxides Of Boron Market Size in Romania

The Romanian oxides of boron market expanded rapidly to $X in 2021, increasing by 8.4% 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). Overall, consumption recorded a resilient increase. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Oxides Of Boron Exports

Exports from Romania

Oxides of boron exports from Romania soared to X tons in 2021, surging by 418% compared with 2020 figures. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 2,551%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, oxides of boron exports surged to $X in 2021. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 1,739%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Moldova (X tons) was the main destination for oxides of boron exports from Romania, accounting for a 98% share of total exports. It was followed by Bulgaria (X kg), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Moldova totaled +37.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+12.3% per year) and Hungary (-38.8% per year).

In value terms, Moldova ($X) emerged as the key foreign market for oxides of boron exports from Romania, comprising 98% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Moldova amounted to +46.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+2.1% per year) and Hungary (-33.8% per year).

Export Prices by Country

The average oxides of boron export price stood at $X per ton in 2021, reducing by -29.3% against the previous year. Over the period under review, the export price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of 236% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Hungary ($X per ton), while the average price for exports to Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into Romania

In 2021, oxides of boron imports into Romania skyrocketed to X tons, jumping by 19% on the year before. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 64%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, oxides of boron imports totaled $X in 2021. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 156% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest oxides of boron supplier to Romania, with a 49% share of total imports. Moreover, oxides of boron imports from Turkey exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was held by Luxembourg (X tons), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+33.5% per year) and Luxembourg (+0.5% per year).

In value terms, Turkey ($X), Poland ($X) and Hungary ($X) appeared to be the largest oxides of boron suppliers to Romania, together comprising 48% of total imports.

Among the main suppliers, Poland, with a CAGR of +36.0%, 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

The average oxides of boron import price stood at $X per ton in 2021, waning by -11.9% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by 56% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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