Romania: Silicates Market 2024

Silicates Market Size in Romania

In 2022, the Romanian silicates market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Silicates Exports

Exports from Romania

In 2022, shipments abroad of silicates, commercial alkali metal silicates decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, exports faced a sharp setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, silicates exports fell significantly to $X in 2022. Overall, exports faced a deep slump. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for silicates exports from Romania, with a X% share of total exports. Moreover, silicates exports to Bulgaria exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. The third position in this ranking was taken by Moldova (X tons), with a X% share.

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

In value terms, the Czech Republic ($X) emerged as the key foreign market for silicates, commercial alkali metal silicates exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Bulgaria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Bulgaria (X% per year).

Export Prices by Country

In 2022, the average silicates export price amounted to $X per ton, growing by X% against the previous year. In general, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Bulgaria ($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 the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silicates Imports

Imports into Romania

In 2022, purchases abroad of silicates, commercial alkali metal silicates decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a slight curtailment. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, silicates imports reduced to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Egypt (X tons), Serbia (X tons) and the Netherlands (X tons) were the main suppliers of silicates imports to Romania, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicates suppliers to Romania were the Netherlands ($X), Egypt ($X) and Serbia ($X), with a combined X% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of 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 silicates import price stood at $X per ton in 2022, surging by X% against the previous year. In general, import price indicated a measured 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. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 the Netherlands ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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