Romania: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Romania

The Romanian glass fibre mat market declined to $X in 2022, reducing by -6.5% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Glass Fibre Mat Production in Romania

In value terms, glass fibre mat production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2016 with an increase of 49%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Glass Fibre Mat Exports

Exports from Romania

After five years of growth, shipments abroad of glass fibre mats decreased by -11.6% to X tons in 2022. Over the period under review, exports saw a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 66% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, glass fibre mat exports shrank markedly to $X in 2022. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 92%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons), Croatia (X tons) and the Czech Republic (X tons) were the main destinations of glass fibre mat exports from Romania, with a combined 73% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +186.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Croatia ($X) and Hungary ($X) were the largest markets for glass fibre mat exported from Romania worldwide, with a combined 66% share of total exports. Moldova, the Czech Republic and Bulgaria lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +192.4%, 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

The average glass fibre mat export price stood at $X per ton in 2022, shrinking by -14% against the previous year. Overall, the export price, however, showed prominent growth. The pace of growth was the most pronounced in 2014 an increase of 231%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, 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 Moldova ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+36.8%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Mat Imports

Imports into Romania

In 2022, the amount of glass fibre mats imported into Romania reduced to X tons, waning by -7% against the previous year. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its volume 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, imports increased by +53.1% against 2012 indices. The growth pace was the most rapid in 2017 when imports increased by 33% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, glass fibre mat imports dropped to $X in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.6% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 29%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Egypt (X tons) constituted the largest supplier of glass fibre mat to Romania, with a 35% share of total imports. Moreover, glass fibre mat imports from Egypt exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Egypt totaled +48.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+8.6% per year) and Italy (-0.9% per year).

In value terms, the largest glass fibre mat suppliers to Romania were Italy ($X), Egypt ($X) and Belgium ($X), together comprising 60% of total imports. Germany, France, Poland, Belarus, Thailand, China and Hungary lagged somewhat behind, together accounting for a further 31%.

Thailand, with a CAGR of +85.5%, 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

In 2022, the average glass fibre mat import price amounted to $X per ton, shrinking by -4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2020 when the average import price increased by 14%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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