Romania: Hardboard Market 2025

Hardboard Market Size in Romania

In 2022, the Romanian hardboard market increased by 12% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed significant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Hardboard Production in Romania

In value terms, hardboard production surged to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 156% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Hardboard Exports

Exports from Romania

In 2022, after two years of growth, there was significant decline in overseas shipments of hardboard, when their volume decreased by -40% to X cubic meters. Over the period under review, exports showed a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by 31%. Over the period under review, the exports reached the maximum at X cubic meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, hardboard exports reduced notably to $X in 2022. In general, exports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2020 with an increase of 33%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X cubic meters) was the main destination for hardboard exports from Romania, with a 36% share of total exports. Moreover, hardboard exports to the United States exceeded the volume sent to the second major destination, Turkey (X cubic meters), threefold. Mexico (X cubic meters) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +318.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-20.8% per year) and Mexico (+12.0% per year).

In value terms, the United States ($X) remains the key foreign market for hardboard exports from Romania, comprising 34% of total exports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total exports. It was followed by Mexico, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +374.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-18.6% per year) and Mexico (+24.0% per year).

Export Prices by Country

In 2022, the average hardboard export price amounted to $X per cubic meter, rising by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2018 when the average export price increased by 16%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per cubic meter), while the average price for exports to Turkey ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hardboard Imports

Imports into Romania

In 2022, overseas purchases of hardboard increased by 8.5% to X cubic meters, rising for the second year in a row after four years of decline. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 18%. Imports peaked at X cubic meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, hardboard imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Poland (X cubic meters), Turkey (X cubic meters) and Germany (X cubic meters) were the main suppliers of hardboard imports to Romania, together accounting for 77% of total imports. Hungary, Russia, Ukraine, Bulgaria, China, Austria and Serbia lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +143.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Turkey ($X) and Germany ($X) appeared to be the largest hardboard suppliers to Romania, together accounting for 81% of total imports. These countries were followed by Hungary, China, Russia, Ukraine, Bulgaria, Austria and Serbia, which together accounted for a further 17%.

Among the main suppliers, Russia, with a CAGR of +148.6%, 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 hardboard import price amounted to $X per cubic meter, rising by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 11% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Bulgaria ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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