Romania: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Romania

In 2021, after four years of decline, there was significant growth in the Romanian rubber-to-metal and moulded article market, when its value increased by 45% to $X. In general, consumption, however, continues to indicate a mild downturn. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Rubber-to-Metal and Moulded Articles in Romania

In value terms, rubber-to-metal and moulded article production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a significant increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 696%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Romania

In 2021, shipments abroad of rubber-to-metal and moulded articles decreased by -1.7% to X tons, falling for the third consecutive year after seven years of growth. Over the period under review, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -26.2% against 2018 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 20%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, rubber-to-metal and moulded article exports totaled $X in 2021. The total export value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 22%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), France (X tons) and Spain (X tons) were the main destinations of rubber-to-metal and moulded article exports from Romania, together comprising 46% of total exports. These countries were followed by the Czech Republic, Turkey, Sweden, Poland, Morocco, Slovakia, Belgium, Hungary, the United States and Brazil, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +31.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rubber-to-metal and moulded article exported from Romania were Germany ($X), France ($X) and Spain ($X), with a combined 42% share of total exports. These countries were followed by Turkey, Morocco, Poland, Sweden, Slovakia, the Czech Republic, Belgium, Brazil, Hungary and the United States, which together accounted for a further 40%.

Morocco, with a CAGR of +33.4%, saw the highest rates of growth with regard to 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 rubber-to-metal and moulded article export price stood at $X per ton in 2021, rising by 11% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 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 Brazil ($X per ton), while the average price for exports to the Czech Republic ($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 Brazil (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Romania

In 2021, after two years of decline, there was significant growth in supplies from abroad of rubber-to-metal and moulded articles, when their volume increased by 26% to X tons. The total import volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article imports expanded notably to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.3% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 22% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest rubber-to-metal and moulded article supplier to Romania, accounting for a 30% share of total imports. Moreover, rubber-to-metal and moulded article imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was taken by Turkey (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+4.3% per year) and Turkey (+6.0% per year).

In value terms, Germany ($X) constituted the largest supplier of rubber-to-metal and moulded articles to Romania, comprising 29% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by Poland, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+18.6% per year) and Poland (+5.6% per year).

Import Prices by Country

In 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, waning by -10.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 22% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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