Romania: Plaster Article Market 2024

Plaster Article Market Size in Romania

The Romanian plaster article market skyrocketed to $X in 2021, rising by 35% against the previous year. Over the period under review, consumption, however, saw a mild reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Plaster Article Production in Romania

In value terms, plaster article production declined significantly to $X in 2021 estimated in export price. In general, production, however, recorded a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 33%. Plaster article production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Plaster Article Exports

Exports from Romania

In 2021, shipments abroad of articles of plaster or of compositions based on plaster decreased by -2.9% to X tons, falling for the third year in a row after three years of growth. In general, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -17.8% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 30% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, plaster article exports rose markedly to $X in 2021. Over the period under review, total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +11.2% against 2019 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 28%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Serbia (X tons), Bulgaria (X tons) and Moldova (X tons) were the main destinations of plaster article exports from Romania, together accounting for 62% of total exports. Greece, Croatia, Kosovo, Poland, France, Bosnia and Herzegovina, North Macedonia and Albania lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +324.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plaster article exported from Romania were Serbia ($X), Bulgaria ($X) and France ($X), with a combined 59% share of total exports. Croatia, Greece, Moldova, Kosovo, Poland, Bosnia and Herzegovina, Albania and North Macedonia lagged somewhat behind, together comprising a further 31%.

Poland, with a CAGR of +288.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average plaster article export price amounted to $X per ton, increasing by 13% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Article Imports

Imports into Romania

In 2021, purchases abroad of articles of plaster or of compositions based on plaster increased by 3.6% to X tons, rising for the seventh consecutive year after two years of decline. Overall, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.1% against 2014 indices. The growth pace was the most rapid in 2018 with an increase of 12% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, plaster article imports surged to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.5% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Bulgaria (X tons) constituted the largest plaster article supplier to Romania, accounting for a 85% share of total imports. Moreover, plaster article imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Poland (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from Bulgaria stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-6.6% per year) and Italy (+58.4% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of plaster article to Romania, comprising 77% of total imports. The second position in the ranking was held by Poland ($X), with an 8.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Bulgaria stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-6.6% per year) and Italy (+42.8% per year).

Import Prices by Country

In 2021, the average plaster article import price amounted to $X per ton, with an increase of 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :