Romania: Aluminium Market 2024

Aluminium Market Size in Romania

In 2022, the Romanian aluminium market increased by 436% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption saw noticeable growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Aluminium Production in Romania

In value terms, aluminium production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible decline. Aluminium production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Aluminium Exports

Exports from Romania

In 2022, the amount of aluminum (unwrought, not alloyed) exported from Romania surged to X tons, growing by 12,541% on the previous year. Overall, exports, however, recorded a sharp decrease. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, aluminium exports soared to $X in 2022. Over the period under review, exports, however, saw a sharp curtailment. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for aluminium exports from Romania, accounting for a 89% share of total exports. Moreover, aluminium exports to Italy exceeded the volume sent to the second major destination, Turkey (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to -13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-27.5% per year) and Bulgaria (-80.8% per year).

In value terms, Italy ($X) remains the key foreign market for aluminum (unwrought, not alloyed) exports from Romania, comprising 93% of total exports. The second position in the ranking was held by Turkey ($X), with a 6.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-22.9% per year) and Bulgaria (-77.7% per year).

Export Prices by Country

The average aluminium export price stood at $X per ton in 2022, with an increase of 41% against the previous year. Overall, the export price enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 69%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Turkey ($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 Bulgaria (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Imports

Imports into Romania

In 2022, overseas purchases of aluminum (unwrought, not alloyed) increased by 151% to X tons, rising for the second year in a row after two years of decline. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 295% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, aluminium imports surged to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 300% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of aluminium to Romania, accounting for a 67% share of total imports. Moreover, aluminium imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by Bulgaria (X tons), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +83.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+63.6% per year) and Bulgaria (+378.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of aluminum (unwrought, not alloyed) to Romania, comprising 65% of total imports. The second position in the ranking was taken by Italy ($X), with a 26% share of total imports. It was followed by Bulgaria, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +91.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+70.9% per year) and Bulgaria (+281.6% per year).

Import Prices by Country

In 2022, the average aluminium import price amounted to $X per ton, jumping by 21% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium import price increased by +72.9% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 43% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :