Romania: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Romania

The Romanian market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground was finally on the rise to reach $X in 2022, after two years of decline. Overall, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -15.2% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Romania

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground expanded remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by 33%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Romania

After two years of growth, shipments abroad of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by -1.4% to X square meters in 2022. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 97%. The exports peaked at X square meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground skyrocketed to $X in 2022. Over the period under review, exports, however, posted slight growth. The pace of growth appeared the most rapid in 2020 with an increase of 55%. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Bulgaria (X square meters), Ukraine (X square meters) and Greece (X square meters) were the main destinations of exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Romania, with a combined 44% share of total exports. Serbia, Hungary, Turkey, Croatia, Poland, Italy, North Macedonia, Cyprus, Albania and France lagged somewhat behind, together accounting 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 Albania (with a CAGR of +108.7%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Turkey ($X) and Ukraine ($X) constituted the largest markets for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exported from Romania worldwide, with a combined 40% share of total exports. Greece, Italy, Hungary, Croatia, Serbia, Cyprus, Poland, North Macedonia, Albania and France lagged somewhat behind, together accounting for a further 48%.

Albania, with a CAGR of +123.2%, saw the highest growth rate of 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

The average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, surging by 36% against the previous year. Overall, the export price posted a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per square meter), while the average price for exports to Poland ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Romania

In 2022, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground into Romania rose notably to X square meters, with an increase of 8.5% on the year before. Overall, imports continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 31% against the previous year. As a result, imports attained the peak of X square meters. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground surged to $X in 2022. In general, imports showed buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 47% against the previous year. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Bulgaria (X square meters) constituted the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground supplier to Romania, accounting for a 76% share of total imports. Moreover, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Bulgaria exceeded the figures recorded by the second-largest supplier, Hungary (X square meters), eightfold. The third position in this ranking was taken by Poland (X square meters), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from Bulgaria stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-7.3% per year) and Poland (+74.5% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Romania, comprising 73% of total imports. The second position in the ranking was taken by Hungary ($X), with a 12% share of total imports. It was followed by Poland, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bulgaria totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+0.2% per year) and Poland (+84.4% per year).

Import Prices by Country

The average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, picking up by 20% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +58.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 32%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform