Romania: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2024

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Romania

The Romanian market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap soared to $X in 2021, picking up by 25% against the previous year. In general, consumption saw a strong expansion. Consumption of peaked in 2021 and is expected to retain growth in years to come.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in Romania

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap surged to $X in 2021 estimated in export price. Over the period under review, production showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 132% against the previous year. Production of peaked in 2021 and is expected to retain growth in the near future.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports from Romania

In 2021, shipments abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by 23% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports recorded a measured expansion. The growth pace was the most rapid in 2014 with an increase of 107%. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap surged to $X in 2021. In general, exports enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 73%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Hungary (X tons) and Bulgaria (X tons) were the main destinations of exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from Romania, together accounting for 53% of total exports. Poland, Turkey, Germany, Moldova, Slovakia and Austria lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +87.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap exported from Romania were Italy ($X), Hungary ($X) and Poland ($X), together accounting for 55% of total exports. Bulgaria, Turkey, Germany, Austria, Moldova and Slovakia lagged somewhat behind, together comprising a further 33%.

Turkey, with a CAGR of +89.5%, 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 2021, the average export price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X per ton, picking up by 5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2020 an increase of 12% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Moldova ($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 Austria (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports into Romania

After two years of decline, supplies from abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap increased by 20% to X tons in 2021. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 35% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap soared to $X in 2021. Over the period under review, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by 43% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap to Romania, accounting for a 41% share of total imports. Moreover, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+28.5% per year) and Germany (+17.6% per year).

In value terms, Poland ($X), Germany ($X) and China ($X) were the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap suppliers to Romania, with a combined 55% share of total imports.

Poland, with a CAGR of +35.3%, recorded the highest growth rate of 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 import price for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap stood at $X per ton in 2021, rising by 8.4% against the previous year. Over the period under review, the import price saw a resilient increase. The pace of growth appeared the most rapid in 2014 an increase of 40% against the previous year. The import price peaked in 2021 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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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