Romania: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Romania

The Romanian unsaturated acyclic hydrocarbons market reduced slightly to $X in 2021, which is down by -4.8% against the previous year. Over the period under review, consumption saw a dramatic slump. Unsaturated acyclic hydrocarbons consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Unsaturated Acyclic Hydrocarbons Production in Romania

In value terms, unsaturated acyclic hydrocarbons production reduced modestly to $X in 2021 estimated in export price. Overall, production saw a deep slump. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Romania

In 2021, overseas shipments of unsaturated acyclic hydrocarbons decreased by -10.3% to X tons, falling for the fourth year in a row after three years of growth. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 when exports increased by 355%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, unsaturated acyclic hydrocarbons exports soared to $X in 2021. Over the period under review, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 32%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for unsaturated acyclic hydrocarbons exports from Romania, with a 65% share of total exports. Moreover, unsaturated acyclic hydrocarbons exports to Bulgaria exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. Moldova (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria stood at +203.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and Moldova (+0.7% per year).

In value terms, Bulgaria ($X) remains the key foreign market for unsaturated acyclic hydrocarbons exports from Romania, comprising 61% of total exports. The second position in the ranking was taken by Moldova ($X), with a 27% share of total exports. It was followed by Hungary, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Bulgaria stood at +222.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+5.2% per year) and Hungary (-36.4% per year).

Export Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons export price amounted to $X per ton, increasing by 43% against the previous year. Overall, the export price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 47% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 Hungary ($X per ton), while the average price for exports to the United Arab Emirates ($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 Bulgaria (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Unsaturated Acyclic Hydrocarbons Imports

Imports into Romania

Unsaturated acyclic hydrocarbons imports into Romania declined markedly to X tons in 2021, waning by -37.9% against the year before. In general, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2015 when imports increased by 423% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, unsaturated acyclic hydrocarbons imports shrank remarkably to $X in 2021. Over the period under review, imports recorded a dramatic descent. The most prominent rate of growth was recorded in 2015 when imports increased by 310% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest unsaturated acyclic hydrocarbons supplier to Romania, accounting for a 45% share of total imports. Moreover, unsaturated acyclic hydrocarbons imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic stood at -51.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.0% per year) and Spain (-8.8% per year).

In value terms, Spain ($X), the Czech Republic ($X) and Italy ($X) constituted the largest unsaturated acyclic hydrocarbons suppliers to Romania, together accounting for 68% of total imports. These countries were followed by Hungary, Germany, Serbia, the Netherlands and Poland, which together accounted for a further 24%.

Among the main suppliers, Serbia, with a CAGR of +33.3%, 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 unsaturated acyclic hydrocarbons import price stood at $X per ton in 2021, which is down by -32.2% against the previous year. In general, the import price, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2017 when the average import price increased by 195%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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