Report Update: May 1, 2024

Romania - Industrial Monocarboxylic Fatty Acids - Market Analysis, Forecast, Size, Trends And Insights

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Price for Industrial Monocarboxylic Fatty Acids in Romania - 2023

Price for Industrial Monocarboxylic Fatty Acids in Romania (CIF) - 2023

In August 2023, the average industrial monocarboxylic fatty acids import price amounted to $1,405 per ton, approximately mirroring the previous month. Over the period under review, the import price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in November 2022 an increase of 20% m-o-m. The import price peaked at $2,002 per ton in January 2023; however, from February 2023 to August 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($1,997 per ton), while the price for Moldova ($523 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Industrial Monocarboxylic Fatty Acids in Romania (FOB) - 2022

The average industrial monocarboxylic fatty acids export price stood at $908 per ton in 2022, surging by 43% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial monocarboxylic fatty acids export price increased by +123.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($1,077 per ton), while the average price for exports to Bulgaria ($152 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 Italy (+109.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids in Romania

In 2022, the amount of industrial monocarboxylic fatty acids imported into Romania skyrocketed to 5.5K tons, growing by 45% against the year before. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids imports skyrocketed to $10M in 2022. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Industrial Monocarboxylic Fatty Acids in Romania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	788	1,103	3,155	5,183	87.4%
Germany	1,729	1,382	1,190	1,655	-1.4%
Netherlands	0.1	0.5	216	975	2036.3%
Slovenia	N/A	127	301	679	131.2%
Spain	151	347	683	520	51.0%
Moldova	36.1	100	29.8	346	112.4%
Bulgaria	N/A	N/A	N/A	300	0%
Malaysia	264	333	21.3	48.0	-43.3%
Others	174	196	393	669	56.7%
Total	3,142	3,588	5,988	10,376	48.9%

Top Suppliers of Industrial Monocarboxylic Fatty Acids to Romania in 2022:

Belgium (2301.5 tons)
Germany (760.7 tons)
Netherlands (651.7 tons)
Bulgaria (440.6 tons)
Moldova (372.1 tons)
Slovenia (358.6 tons)
Spain (266.2 tons)
Malaysia (36.0 tons)

Exports of Industrial Monocarboxylic Fatty Acids in Romania

After three years of growth, shipments abroad of industrial monocarboxylic fatty acids decreased by -24.7% to 3K tons in 2022. Over the period under review, exports recorded a slight setback. The most prominent rate of growth was recorded in 2020 when exports increased by 16% against the previous year.

In value terms, industrial monocarboxylic fatty acids exports expanded notably to $2.7M in 2022. Overall, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 73%. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Industrial Monocarboxylic Fatty Acids in Romania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	563	453	1,060	977	20.2%
Germany	442	364	126	893	26.4%
Czech Republic	443	491	543	255	-16.8%
Italy	N/A	11.0	0.1	215	342.1%
Austria	63.9	32.6	349	94.7	14.0%
Turkey	49.2	N/A	320	85.7	20.3%
Bulgaria	9.3	102	89.9	16.1	20.1%
Others	20.8	6.1	32.6	179	104.9%
Total	1,591	1,459	2,521	2,716	19.5%

Top Export Markets for Industrial Monocarboxylic Fatty Acids from Romania in 2022:

Poland (1250.3 tons)
Germany (910.5 tons)
Czech Republic (273.8 tons)
Italy (199.7 tons)
Bulgaria (105.9 tons)
Turkey (90.7 tons)
Austria (88.0 tons)

This report provides an in-depth analysis of the market for industrial monocarboxylic fatty acids in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143195 - Industrial monocarboxylic fatty acids distilled (excluding stearic, oleic tall oil)
Prodcom 20143197 - Industrial monocarboxylic fatty acids (excluding stearic, oleic, t all oil, distilled)

Country coverage:

Romania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Romania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023