Romania: Flat Glass Market 2024

Flat Glass Market Size in Romania

The Romanian flat glass market rose remarkably to $X in 2021, growing by 7.4% against the previous year. In general, consumption, however, showed prominent growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Flat Glass Production in Romania

In value terms, flat glass production contracted to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 41% against the previous year. Flat glass production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Flat Glass Exports

Exports from Romania

In 2021, exports of flat glass from Romania was estimated at X tons, increasing by 12% against the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 41%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, flat glass exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.5% over the period 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 exports increased by 36%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Bulgaria (X tons), Greece (X tons) and Hungary (X tons) were the main destinations of flat glass exports from Romania, with a combined 54% share of total exports. These countries were followed by Croatia, Poland, Ukraine, Turkey, North Macedonia, Serbia, Cyprus, Moldova, Italy and Slovenia, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +47.7%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Greece ($X) and Hungary ($X) constituted the largest markets for flat glass exported from Romania worldwide, together accounting for 51% of total exports. These countries were followed by Italy, Croatia, Poland, Turkey, Ukraine, North Macedonia, Cyprus, Serbia, Moldova and Slovenia, which together accounted for a further 38%.

Croatia, with a CAGR of +44.7%, saw 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

The average flat glass export price stood at $X per ton in 2021, with an increase of 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Ukraine ($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 Turkey (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Flat Glass Imports

Imports into Romania

In 2021, approx. X tons of flat glass were imported into Romania; surging by 10% compared with the previous year. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 23%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, flat glass imports skyrocketed to $X in 2021. Overall, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Bulgaria (X tons) constituted the largest flat glass supplier to Romania, with a 55% share of total imports. Moreover, flat glass imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. The third position in this ranking was held by Russia (X tons), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from Bulgaria amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-3.9% per year) and Russia (+95.2% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of flat glass to Romania, comprising 47% of total imports. The second position in the ranking was held by Hungary ($X), with a 21% share of total imports. It was followed by Germany, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from Bulgaria amounted to +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+2.0% per year) and Germany (+17.6% per year).

Import Prices by Country

The average flat glass import price stood at $X per ton in 2021, picking up by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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