Alcohols Market Overview in Romania
Market Overview
In 2019, the Romanian alcohols market increased by 
% to $, rising for the third year in a row after three years of decline. Over the period under review, consumption continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2010 when the market value increased by % year-to-year. Romania consumption peaked at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
In value terms, alcohols production expanded markedly to $ in 2019 estimated in export prices. Overall, production, however, saw a sharp shrinkage. The most prominent rate of growth was recorded in 2010 when the production volume increased by % y-o-y. Over the period under review, production reached the peak level at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
% to $, rising for the third year in a row after three years of decline. Over the period under review, consumption continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2010 when the market value increased by % year-to-year. Romania consumption peaked at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.In value terms, alcohols production expanded markedly to $
in 2019 estimated in export prices. Overall, production, however, saw a sharp shrinkage. The most prominent rate of growth was recorded in 2010 when the production volume increased by % y-o-y. Over the period under review, production reached the peak level at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.Consumption
In 2019, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives consumed in Romania skyrocketed to tonnes, growing by % against the previous year. In general, consumption enjoyed a modest increase. The pace of growth was the most pronounced in 2010 when the consumption volume increased by % y-o-y. Romania consumption peaked in 2019 and is likely to see steady growth in the immediate term.
The value of the alcohols market in Romania totaled $ in 2019, therefore, remained relatively stable 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, consumption recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2010 with an increase of % year-to-year. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.
tonnes, growing by % against the previous year. In general, consumption enjoyed a modest increase. The pace of growth was the most pronounced in 2010 when the consumption volume increased by % y-o-y. Romania consumption peaked in 2019 and is likely to see steady growth in the immediate term.The value of the alcohols market in Romania totaled $
in 2019, therefore, remained relatively stable 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, consumption recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2010 with an increase of % year-to-year. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to 2019, consumption stood at a somewhat 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 retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes 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 twelve-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 2019. In 2019, 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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