Romania: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Romania

In 2023, the Romanian saturated acyclic monocarboxylic acids market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2022, and then shrank remarkably in the following year.

Production of Saturated Acyclic Monocarboxylic Acids in Romania

In value terms, saturated acyclic monocarboxylic acids production contracted to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a precipitous setback. The pace of growth appeared the most rapid in 2022 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Romania

In 2023, the amount of saturated acyclic monocarboxylic acids exported from Romania contracted to X tons, waning by X% compared with the previous year. In general, exports showed a slight slump. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, saturated acyclic monocarboxylic acids exports dropped to $X in 2023. Overall, exports, however, posted modest growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons), Germany (X tons) and Moldova (X tons) were the main destinations of saturated acyclic monocarboxylic acids exports from Romania, together comprising X% of total exports. Italy, Hungary, Georgia, Croatia, Greece, the Netherlands and Serbia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for saturated acyclic monocarboxylic acids exported from Romania were Bulgaria ($X), Germany ($X) and Moldova ($X), together comprising X% of total exports. Hungary, Italy, Croatia, Georgia, Serbia, Greece and the Netherlands lagged somewhat behind, together comprising a further X%.

Georgia, with a CAGR of X%, saw the highest growth rate of 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 2023, the average saturated acyclic monocarboxylic acids export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, saturated acyclic monocarboxylic acids export price decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Romania

In 2023, the amount of saturated acyclic monocarboxylic acids imported into Romania declined to X tons, shrinking by X% on the year before. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, saturated acyclic monocarboxylic acids imports fell sharply to $X in 2023. Overall, total imports indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2022, and then reduced sharply in the following year.

Imports by Country

Germany (X tons), the UK (X tons) and China (X tons) were the main suppliers of saturated acyclic monocarboxylic acids imports to Romania, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest saturated acyclic monocarboxylic acids suppliers to Romania were Germany ($X), Italy ($X) and the Netherlands ($X), together comprising X% of total imports. The UK, China, Greece, Belgium, France, Bulgaria, Turkey, Hungary, Poland and Austria lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Greece, with a CAGR of X%, saw 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

In 2023, the average saturated acyclic monocarboxylic acids import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, saturated acyclic monocarboxylic acids import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Greece ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Greece (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform