Romania: Aluminium Hydroxide Market 2024

Aluminium Hydroxide Market Size in Romania

In 2022, after two years of decline, there was significant growth in the Romanian aluminium hydroxide market, when its value increased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Aluminium hydroxide consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Aluminium Hydroxide Production in Romania

In value terms, aluminium hydroxide production skyrocketed to $X in 2022 estimated in export price. In general, production, however, enjoyed resilient growth. Aluminium hydroxide production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Aluminium Hydroxide Exports

Exports from Romania

In 2022, shipments abroad of aluminium hydroxide decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, aluminium hydroxide exports dropped sharply to $X in 2022. Overall, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X tons), Colombia (X tons) and Ukraine (X tons) were the main destinations of aluminium hydroxide exports from Romania, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Ecuador ($X) and Ukraine ($X) appeared to be the largest markets for aluminium hydroxide exported from Romania worldwide, with a combined X% share of total exports.

Ecuador, 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

The average aluminium hydroxide export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated mild growth 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. Based on 2022 figures, aluminium hydroxide export price increased by X% against 2020 indices. As a result, the export price reached 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 Poland ($X per ton), while the average price for exports to Ukraine ($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 Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Hydroxide Imports

Imports into Romania

In 2022, purchases abroad of aluminium hydroxide increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, aluminium hydroxide imports soared to $X in 2022. Overall, imports saw a resilient expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Bosnia and Herzegovina (X tons) was the main aluminium hydroxide supplier to Romania, accounting for a X% share of total imports. Moreover, aluminium hydroxide imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Bosnia and Herzegovina amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of aluminium hydroxide to Romania, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bosnia and Herzegovina amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average aluminium hydroxide import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price recorded a slight shrinkage. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained 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 Germany ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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