Romania: Corrugated Paper Market 2024

Corrugated Paper Market Size in Romania

The Romanian corrugated paper market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption recorded a relatively flat trend pattern. Corrugated paper consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Corrugated Paper Production in Romania

In value terms, corrugated paper production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Corrugated paper production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Corrugated Paper Exports

Exports from Romania

In 2021, shipments abroad of corrugated paper and paperboard increased by 60% to X tons, rising for the second consecutive year after three years of decline. Overall, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% 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 +73.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, corrugated paper exports soared to $X in 2021. In general, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +91.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons) was the main destination for corrugated paper exports from Romania, accounting for a 64% share of total exports. Moreover, corrugated paper exports to Hungary exceeded the volume sent to the second major destination, Moldova (X tons), threefold. The third position in this ranking was held by Slovakia (X tons), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hungary totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+24.4% per year) and Slovakia (+58.5% per year).

In value terms, Hungary ($X) remains the key foreign market for corrugated paper and paperboard exports from Romania, comprising 64% of total exports. The second position in the ranking was taken by Moldova ($X), with an 18% share of total exports. It was followed by Slovakia, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hungary amounted to +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+24.0% per year) and Slovakia (+70.7% per year).

Export Prices by Country

In 2021, the average corrugated paper export price amounted to $X per ton, picking up by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Austria ($X per ton) and Poland ($X per ton), while the average price for exports to Moldova ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Corrugated Paper Imports

Imports into Romania

Corrugated paper imports into Romania declined to X tons in 2021, with a decrease of -5.8% compared with the previous year. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 74%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, corrugated paper imports expanded remarkably to $X in 2021. In general, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2018 with an increase of 65%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and Serbia (X tons) were the main suppliers of corrugated paper imports to Romania, with a combined 70% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +66.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Hungary ($X) constituted the largest corrugated paper suppliers to Romania, with a combined 70% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +56.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average corrugated paper import price amounted to $X per ton, surging by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.3%. 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, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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