Saturated acyclic monocarboxylic acids and derivatives market in Romania

Earlier Report Observations

Between 2018 and 2024, imports of saturated acyclic monocarboxylic acids and derivatives into Romania showed variability, reaching a peak of over 17 300 tons in 2019 before a moderate decline. Export volumes remained relatively low throughout the period, with a notable increase to 1 072 tons in 2020. The available market size data from 2021 to 2023 indicates a contraction in physical volume from 16 432 tons to 14 873 tons, while the market value exhibited volatility, rising to 34.5 million US dollars in 2022 before falling to 26.5 million US dollars in 2023.

The market decline in volume during 2023 coincided with the implementation of new EU-derived packaging and labeling regulations for chemicals under the CLP Regulation in Romania. These rules introduced stricter requirements for label font size, packaging safety features, and digital labeling, alongside planned compliance inspections for online sales and substance classification. This regulatory shift increased compliance costs and administrative burdens for market participants, contributing to a reduction in import volumes that year. Domestic production remained minimal and decreased slightly over the 2021-2023 period.

Further legislative changes affecting packaging for beverages, including restrictions on materials for caps and lids effective from July 2024, were introduced. While specifically targeting drinks, these sustainability and labeling requirements have broader implications for the packaging of liquid chemical products, potentially influencing market dynamics for saturated acyclic monocarboxylic acids in the Romanian market.

Production saturated acyclic monocarboxylic acids and derivatives in Romania

According to Faostat, there is no production of saturated acyclic monocarboxylic acids and derivatives in Romania.

Exports saturated acyclic monocarboxylic acids and derivatives from Romania

Exports in kind, t

The market exhibited significant volatility during this period. Exports reached their lowest point in 2019 at 434 tons, then surged dramatically to a peak of 1 072 tons in 2020, representing a 146.7% increase year-over-year. The 2.5-fold difference between these years highlights the market's instability, with the largest decline of 34.7% occurring in 2019.

Annual dynamics of product's exports from Romania in kind, 2017-2020, t

From 2017 to 2020, Moldova, Algeria, and Bulgaria consistently served as the primary destinations for exports in kind. Moldova accounted for 37.6% of total exports, Algeria for 22.1%, and Bulgaria for 16.4%. Together, these three countries represented 76.1% of all export flows during this period.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Romania in kind, 2017-2020

Exports in value, K $ US

The market demonstrated notable volatility throughout the observed timeframe. Export values reached their lowest point in 2019 at 728 thousand US dollars, then peaked in 2017 with a top-to-bottom ratio of 2 times. In 2020, exports of saturated acyclic monocarboxylic acids and derivatives from Romania reached 1 378 thousand US dollars, marking a substantial 89.2% increase compared to the previous year. The largest decline of 33.9% was recorded in 2018.

Annual dynamics of product's exports from Romania in value, 2017-2020, K $ US

Between 2017 and 2020, Moldova, Algeria, and Bulgaria remained the principal buyers of saturated acyclic monocarboxylic acids and derivatives from Romania in value terms. Moldova represented 26.2% of total export value, Algeria accounted for 15.0%, and Bulgaria contributed 14.6%. Collectively, these three markets represented 55.9% of Romania's total export value for these products.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Romania in value, 2017-2020

Imports saturated acyclic monocarboxylic acids and derivatives to Romania

Imports in kind, t

Romania's imports of saturated acyclic monocarboxylic acids and derivatives declined after two consecutive years of growth. The maximum import volume was recorded in 2019 at 17 324 tons, followed by a decrease to 16 529 tons in 2020, representing a 4.6% year-over-year decline. Between 2017 and 2020, imports increased by 8.1% overall, equivalent to an annualized growth rate of 2.6%. The largest increase of 8.7% occurred in 2018.

Annual dynamics of product's imports to Romania in kind, 2017-2020, t

From 2017 to 2020, imports in kind were distributed across a diverse range of partner countries. Germany accounted for 19.3% of total imports, Italy represented 11.3%, and Serbia contributed 10.0%. Together, these three countries represented just 40.7% of total import flows, indicating a broad distribution across multiple markets.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Romania in kind, 2017-2020

Imports in value, K $ US

Romania's imports of saturated acyclic monocarboxylic acids and derivatives declined for the second consecutive year. The maximum value was recorded in 2018 at 27 754 thousand US dollars, followed by a decrease to 21 987 thousand US dollars in 2020, representing a modest 9.5% year-over-year decline. The largest decline of 12.4% occurred in 2019, while the largest increase of 25.4% was recorded in 2018.

Annual dynamics of product's imports to Romania in value, 2017-2020, K $ US

The import structure in value terms from 2017 to 2020 reveals a diversified set of trading partners. Germany accounted for 21.1% of total import value, Italy represented 13.4%, and France contributed 9.4%. Together, these three countries represented only 43.9% of total import flows, while the remaining 56.1% was distributed across numerous smaller markets.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Romania in value, 2017-2020