Romania: Cement Market 2024

Cement Market Size in Romania

In 2022, the Romanian cement market increased by 14% to $X, rising for the sixth year in a row after two years of decline. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +67.6% against 2016 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Cement Production in Romania

In value terms, cement production soared to $X in 2022 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +80.9% against 2016 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Cement Exports

Exports from Romania

In 2022, shipments abroad of cement increased by 178% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep contraction. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cement exports soared to $X in 2022. In general, exports, however, showed a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Hungary (X tons) was the main destination for cement exports from Romania, accounting for a 93% share of total exports. It was followed by Moldova (X tons), with a 2.9% share of total exports. Ukraine (X tons) ranked third in terms of total exports with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+4.1% per year) and Ukraine (+40.5% per year).

In value terms, Hungary ($X) remains the key foreign market for cement exports from Romania, comprising 89% of total exports. The second position in the ranking was held by Moldova ($X), with a 4.4% share of total exports. It was followed by Ukraine, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value to Hungary totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+2.8% per year) and Ukraine (+36.0% per year).

Export Prices by Country

In 2022, the average cement export price amounted to $X per ton, approximately reflecting the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cement export price decreased by -1.4% against 2020 indices. The growth pace was the most rapid in 2016 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Bulgaria ($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 Russia (+129.0%), while the prices for the other major destinations experienced mixed trend patterns.

Cement Imports

Imports into Romania

In 2022, overseas purchases of cement decreased by -21.4% to X tons for the first time since 2015, thus ending a six-year rising trend. Overall, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2020 with an increase of 61%. Imports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, cement imports shrank to $X in 2022. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 54%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest supplier of cement to Romania, with a 57% share of total imports. Moreover, cement imports from Ukraine exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Bulgaria (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Ukraine totaled +77.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1.5% per year) and Bulgaria (+12.1% per year).

In value terms, Ukraine ($X), Turkey ($X) and Bulgaria ($X) appeared to be the largest cement suppliers to Romania, together comprising 88% of total imports. Moldova and Germany lagged somewhat behind, together comprising a further 6.1%.

Moldova, with a CAGR of +208.4%, recorded 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 cement import price stood at $X per ton in 2022, growing by 19% against the previous year. In general, the import price, however, continues to indicate a slight descent. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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