Romania: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in Romania

The Romanian glass fibres and wool market surged to $X in 2022, increasing by 96% against the previous year. In general, consumption continues to indicate resilient growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Glass Fibres And Glass Wool in Romania

In value terms, glass fibres and wool production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable expansion. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Glass Fibres And Glass Wool

Exports from Romania

Glass fibres and wool exports from Romania skyrocketed to X tons in 2022, increasing by 35% on the year before. Overall, exports, however, faced a abrupt decline. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, glass fibres and wool exports soared to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 48%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Germany (X tons) and Serbia (X tons) were the main destinations of glass fibres and wool exports from Romania, together accounting for 56% of total exports.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +129.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for glass fibres and wool exported from Romania were Germany ($X), France ($X) and Serbia ($X), with a combined 55% share of total exports.

In terms of the main countries of destination, Serbia, with a CAGR of +132.4%, saw the highest rates of growth with regard to 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 fibres and wool export price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of 394%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Hungary ($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 Albania (+31.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres And Glass Wool

Imports into Romania

For the fourth year in a row, Romania recorded growth in overseas purchases of glass fibres and glass wool, which increased by 23% to X tons in 2022. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 62%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, glass fibres and wool imports soared to $X in 2022. In general, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of glass fibres and wool imports to Romania, with a combined 51% share of total imports. Germany, Moldova, Malaysia, Serbia, Slovakia, Turkey, the Czech Republic, Oman, the UK and Latvia lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Moldova (with a CAGR of +307.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Serbia ($X) appeared to be the largest glass fibres and wool suppliers to Romania, with a combined 39% share of total imports. Italy, Malaysia, the UK, Oman, Poland, Moldova, the Czech Republic, Slovakia, Turkey and Latvia lagged somewhat behind, together accounting for a further 40%.

Moldova, with a CAGR of +226.2%, saw the highest rates of growth with regard to 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 fibres and wool import price amounted to $X per ton, with an increase of 33% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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