Romania: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Romania

In 2021, the Romanian glass fibre filament market decreased by -4.4% to $X, falling for the fifth year in a row after two years of growth. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Glass Fibre Filament Production in Romania

In value terms, glass fibre filament production dropped slightly to $X in 2021 estimated in export price. In general, production showed a slight slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 44% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Glass Fibre Filament Exports

Exports from Romania

Glass fibre filament exports from Romania skyrocketed to X tons in 2021, jumping by 81% compared with 2020. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 960%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, glass fibre filament exports skyrocketed to $X in 2021. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 795% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Hungary (X tons), Croatia (X tons) and Austria (X tons) were the main destinations of glass fibre filament exports from Romania, together accounting for 88% of total exports.

From 2012 to 2021, the biggest increases were recorded for Croatia (with a CAGR of +301.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Croatia ($X) and the Czech Republic ($X) were the largest markets for glass fibre filament exported from Romania worldwide, with a combined 85% share of total exports.

Croatia, with a CAGR of +312.2%, recorded the highest growth rate of the value of exports, in terms of 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 glass fibre filament export price stood at $X per ton in 2021, increasing by 40% against the previous year. Overall, the export price, however, recorded a pronounced contraction. The export price peaked at $X per ton in 2015; however, from 2016 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 the Czech Republic ($X per ton), while the average price for exports to Austria ($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 Poland (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Filament Imports

Imports into Romania

In 2021, glass fibre filament imports into Romania rose remarkably to X tons, surging by 8.6% on 2020. Over the period under review, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 43%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, glass fibre filament imports skyrocketed to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Egypt (X tons) constituted the largest glass fibre filament supplier to Romania, accounting for a 41% share of total imports. Moreover, glass fibre filament imports from Egypt exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Belarus (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Egypt stood at +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.4% per year) and Belarus (+46.9% per year).

In value terms, Egypt ($X) constituted the largest supplier of glass fibre filaments to Romania, comprising 34% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Egypt amounted to +28.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.0% per year) and Italy (-6.7% per year).

Import Prices by Country

In 2021, the average glass fibre filament import price amounted to $X per ton, growing by 36% against the previous year. Overall, the import price, however, continues to indicate a mild setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Slovakia ($X per ton) and China ($X per ton), while the price for Egypt ($X per ton) and Belarus ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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