Romania: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2024

Market Size for Blankets And Travelling Rugs Of Synthetic Fibres in Romania

In 2022, the Romanian market for blankets and travelling rugs of synthetic fibres decreased by -3% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, posted buoyant growth. Travelling rugs of synthetic fibre consumption peaked at $X in 2021, and then fell in the following year.

Production of Blankets And Travelling Rugs Of Synthetic Fibres in Romania

In value terms, travelling rugs of synthetic fibre production totaled $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 165% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from Romania

In 2022, approx. X units of blankets and travelling rugs of synthetic fibres were exported from Romania; jumping by 156% against 2021 figures. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of 284% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, travelling rugs of synthetic fibre exports soared to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 147%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey (X units), Bulgaria (X units) and Hungary (X units) were the main destinations of travelling rugs of synthetic fibre exports from Romania, with a combined 44% share of total exports. These countries were followed by Greece, Slovenia, Croatia, Ukraine, Germany, Cyprus, Poland, the UK, Italy and Israel, which together accounted for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cyprus (with a CAGR of +34,973.7%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Turkey ($X) and Bulgaria ($X) appeared to be the largest markets for travelling rugs of synthetic fibre exported from Romania worldwide, together comprising 33% of total exports. Germany, Greece, Italy, the UK, Slovenia, Croatia, Poland, Cyprus, Ukraine and Israel lagged somewhat behind, together accounting for a further 45%.

Cyprus, with a CAGR of +10,423.6%, recorded the highest rates of growth with regard to the value of exports, among 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 2022, the average export price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, reducing by -29.8% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports into Romania

After three years of growth, purchases abroad of blankets and travelling rugs of synthetic fibres decreased by -7.3% to X units in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.4% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 32% against the previous year. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, travelling rugs of synthetic fibre imports amounted to $X in 2022. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 55% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of travelling rugs of synthetic fibre to Romania, accounting for a 53% share of total imports. Moreover, travelling rugs of synthetic fibre imports from China exceeded the figures recorded by the second-largest supplier, Hungary (X units), fourfold. Bulgaria (X units) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+61.1% per year) and Bulgaria (+64.3% per year).

In value terms, China ($X), Hungary ($X) and Poland ($X) constituted the largest travelling rugs of synthetic fibre suppliers to Romania, together accounting for 64% of total imports. Bulgaria, Turkey, Germany and Slovenia lagged somewhat behind, together comprising a further 22%.

Slovenia, with a CAGR of +83.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, with an increase of 9% against the previous year. In general, the import price saw a buoyant increase. The growth pace was the most rapid in 2015 an increase of 36% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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