Romania: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Romania

The Romanian glass fibre and article market rose rapidly to $X in 2022, increasing by X% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Glass Fibres and Glass Fibre Articles in Romania

In value terms, glass fibre and article production rose to $X in 2022 estimated in export price. Overall, production continues to indicate prominent growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Glass fibre and article production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Glass Fibres and Glass Fibre Articles

Exports from Romania

After five years of growth, overseas shipments of glass fibres and glass fibre articles decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, glass fibre and article exports contracted to $X in 2022. In general, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Hungary (X tons) was the main destination for glass fibre and article exports from Romania, with a X% share of total exports. Moreover, glass fibre and article exports to Hungary exceeded the volume sent to the second major destination, Croatia (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (X% per year) and Italy (X% per year).

In value terms, Hungary ($X), Germany ($X) and Italy ($X) appeared to be the largest markets for glass fibre and article exported from Romania worldwide, together accounting for X% of total exports. France, Croatia, Bulgaria, Slovakia, Moldova, Serbia, the Czech Republic, Slovenia, Ukraine and Poland lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Slovakia, with a CAGR of X%, 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

In 2022, the average glass fibre and article export price amounted to $X per ton, remaining stable against the previous year. In general, the export price, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Slovenia ($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 Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres and Glass Fibre Articles

Imports into Romania

In 2022, purchases abroad of glass fibres and glass fibre articles increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibre and article imports expanded markedly to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Moldova (X tons) and Turkey (X tons) were the main suppliers of glass fibre and article imports to Romania, with a combined X% share of total imports. The Czech Republic, Egypt, Serbia, Russia, Italy, Slovenia, Belgium, Belarus, Poland and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre and article suppliers to Romania were China ($X), Moldova ($X) and Germany ($X), together comprising X% of total imports. Serbia, Italy, the Czech Republic, Turkey, Egypt, Belgium, Belarus, Poland, Russia and Slovenia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Egypt, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 and article import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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