Period 2007-2019
Alcohols Market Overview in Romania |
Market Overview
The Romanian alcohols market soared to $
in 2018, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a pronounced increase from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, consumption increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. Romania consumption peaked at $ in 2014; however, from 2015 to 2018, consumption remained at a lower figure.
In value terms, alcohols production shrank to $ in 2018 estimated in export prices. In general, production showed a sharp curtailment. The pace of growth appeared the most rapid in 2010 when the production volume increased by % year-to-year. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.
in 2018, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a pronounced increase from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, consumption increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. Romania consumption peaked at $ in 2014; however, from 2015 to 2018, consumption remained at a lower figure.In value terms, alcohols production shrank to $
in 2018 estimated in export prices. In general, production showed a sharp curtailment. The pace of growth appeared the most rapid in 2010 when the production volume increased by % year-to-year. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.Consumption
In 2018, alcohols consumption in Romania skyrocketed to tonnes, picking up by % compared with 2017 figures. Over the period under review, consumption recorded a resilient increase. The most prominent rate of growth was recorded in 2011 when the consumption volume increased by % y-o-y. Romania consumption peaked at tonnes in 2014; however, from 2015 to 2018, consumption failed to regain the momentum.
The value of the alcohols market in Romania soared to $ in 2018, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated moderate growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, consumption increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Romania consumption peaked at $ in 2014; however, from 2015 to 2018, consumption remained at a lower figure.
tonnes, picking up by % compared with 2017 figures. Over the period under review, consumption recorded a resilient increase. The most prominent rate of growth was recorded in 2011 when the consumption volume increased by % y-o-y. Romania consumption peaked at tonnes in 2014; however, from 2015 to 2018, consumption failed to regain the momentum.The value of the alcohols market in Romania soared to $
in 2018, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated moderate growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, consumption increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Romania consumption peaked at $ in 2014; however, from 2015 to 2018, consumption remained at a lower figure.Market Forecast
Driven by increasing demand for alcohols in Romania, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2018 to , which is projected to bring the market volume to kg by the end of .
% for the period from 2018 to , which is projected to bring the market volume to kg by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Romania increased significantly over the last eleven-year period (from % to %).
% to %).Trade Balance
Romania remains a net importer of alcohols; in physical and value terms, imports consistently exceeded exports from 2007 to 2018. In 2018, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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