Romania: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in Romania

The Romanian artificial filament tow market expanded rapidly to $X in 2022, increasing by X% against the previous year. Overall, consumption continues to indicate a significant expansion. Artificial filament tow consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Artificial Filament Tow Production in Romania

In value terms, artificial filament tow production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt descent. Artificial filament tow production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Artificial Filament Tow Exports

Exports from Romania

In 2022, overseas shipments of artificial filament tow increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports saw significant growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, artificial filament tow exports surged to $X in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Italy (X tons) was the main destination for artificial filament tow exports from Romania, accounting for a X% share of total exports. Moreover, artificial filament tow exports to Italy exceeded the volume sent to the second major destination, Poland (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

In value terms, Italy ($X) remains the key foreign market for artificial filament tow exports from Romania, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The average artificial filament tow export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price saw a noticeable decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Portugal ($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 the Czech Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Artificial Filament Tow Imports

Imports into Romania

Artificial filament tow imports into Romania surged to X tons in 2022, growing by X% against the previous year's figure. In general, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, artificial filament tow imports soared to $X in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of artificial filament tow imports to Romania, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial filament tow suppliers to Romania were the United States ($X), the Netherlands ($X) and Belgium ($X), together accounting for X% of total imports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average artificial filament tow import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a mild reduction. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Germany ($X per ton), while the price for Italy ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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