Romania: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Romania

The Romanian vulcanised rubber erases market surged to $X in 2021, jumping by 63% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded notable growth. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Vulcanised Rubber Erases Exports

Exports from Romania

In 2021, overseas shipments of erasers of vulcanised rubber decreased by -42.8% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2014 with an increase of 2,175% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber erases exports shrank rapidly to $X in 2021. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 837% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for vulcanised rubber erases exports from Romania, with a 65% share of total exports. Moreover, vulcanised rubber erases exports to the United Arab Emirates exceeded the volume sent to the second major destination, Moldova (X kg), fourfold. The third position in this ranking was held by Slovakia (X kg), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +367.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+82.2% per year) and Slovakia (+5.1% per year).

In value terms, the United Arab Emirates ($X), Moldova ($X) and Ukraine ($X) constituted the largest markets for vulcanised rubber erases exported from Romania worldwide, together accounting for 73% of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +237.7%, recorded the highest growth rate of the value of exports, 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 vulcanised rubber erases export price amounted to $X per ton, shrinking by -45.5% against the previous year. In general, the export price continues to indicate a mild decrease. The growth pace was the most rapid in 2017 an increase of 218% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to the United Arab Emirates ($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 Hungary (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Romania

In 2021, overseas purchases of erasers of vulcanised rubber were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports posted noticeable growth. The pace of growth was the most pronounced in 2014 when imports increased by 181%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, vulcanised rubber erases imports skyrocketed to $X in 2021. In general, imports showed a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 181% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vulcanised rubber erases to Romania, accounting for a 52% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Slovakia (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-1.0% per year) and Slovakia (+16.5% per year).

In value terms, China ($X) constituted the largest supplier of erasers of vulcanised rubber to Romania, comprising 42% of total imports. The second position in the ranking was held by Spain ($X), with a 15% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.4% per year) and Germany (+6.7% per year).

Import Prices by Country

The average vulcanised rubber erases import price stood at $X per ton in 2021, with an increase of 17% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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 the Czech Republic ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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