Romania: Other Chemical Products Market 2024

Other Chemical Products Market Size in Romania

In 2022, the Romanian other chemical products market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption recorded a abrupt contraction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Other Chemical Products Production in Romania

In value terms, other chemical products production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a noticeable curtailment. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Other Chemical Products Exports

Exports from Romania

In 2016, overseas shipments of other chemical products increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, other chemical products exports surged to $X in 2016. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons) was the main destination for other chemical products exports from Romania, accounting for a X% share of total exports. Moreover, other chemical products exports to Hungary exceeded the volume sent to the second major destination, Bulgaria (X tons), sevenfold. Turkey (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2016, the average annual growth rate of volume to Hungary totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Turkey (X% per year).

In value terms, the largest markets for other chemical products exported from Romania were Turkey ($X), Hungary ($X) and Serbia ($X), together comprising X% of total exports.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 2016, the average other chemical products export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2016, 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 Italy ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Romania

In 2016, other chemical products imports into Romania soared to X tons, surging by X% compared with the previous year. Over the period under review, total imports indicated buoyant growth from 2012 to 2016: its volume increased at an average annual rate of X% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, imports increased by X% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, other chemical products imports expanded markedly to $X in 2016. The total import value increased at an average annual rate of X% over the period from 2012 to 2016; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2016, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), the Netherlands (X tons) and the UK (X tons) were the main suppliers of other chemical products imports to Romania, together accounting for X% of total imports. Italy, Hungary, Belgium, Greece, China, Ireland, Poland, Turkey and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest other chemical products suppliers to Romania were Germany ($X), Ireland ($X) and Italy ($X), together accounting for X% of total imports. The UK, Belgium, the Netherlands, Hungary, China, France, Poland, Greece and Turkey lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the UK, 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 2016, the average other chemical products import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2013 when the average import price decreased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2016, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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