Romania: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Romania

For the sixth year in a row, the Romanian multiple-walled insulating glass unit market recorded growth in sales value, which increased by 18% to $X in 2021. In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +77.0% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Multiple-Walled Insulating Units Of Glass in Romania

In value terms, multiple-walled insulating glass unit production soared to $X in 2021 estimated in export price. Overall, production saw buoyant growth. The growth pace was the most rapid in 2013 when the production volume increased by 25% against the previous year. Multiple-walled insulating glass unit production peaked in 2021 and is likely to see steady growth in the near future.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Romania

In 2021, approx. X square meters of multiple-walled insulating units of glass were exported from Romania; rising by 31% on 2020. Over the period under review, exports saw a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by 529%. Over the period under review, the exports reached the peak figure at X square meters in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, multiple-walled insulating glass unit exports surged to $X in 2021. In general, exports saw a resilient increase. The pace of growth was the most pronounced in 2017 when exports increased by 440% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Hungary (X square meters), France (X square meters) and Italy (X square meters) were the main destinations of multiple-walled insulating glass unit exports from Romania, with a combined 73% share of total exports. These countries were followed by Turkey, the UK, the United States, Belgium, Germany and Moldova, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +124.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for multiple-walled insulating glass unit exported from Romania were France ($X), Italy ($X) and Hungary ($X), together accounting for 59% of total exports. Turkey, the UK, the United States, Belgium, Germany and Moldova lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, the United States, with a CAGR of +150.2%, 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

In 2021, the average multiple-walled insulating glass unit export price amounted to $X per square meter, falling by -10.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2014 an increase of 34%. The export price peaked at $X per square meter in 2020, and then declined in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Hungary ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Romania

In 2021, supplies from abroad of multiple-walled insulating units of glass increased by 18% to X square meters, rising for the sixth consecutive year after three years of decline. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 33% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, multiple-walled insulating glass unit imports skyrocketed to $X in 2021. In general, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Hungary (X square meters) constituted the largest multiple-walled insulating glass unit supplier to Romania, accounting for a 41% share of total imports. Moreover, multiple-walled insulating glass unit imports from Hungary exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), twofold. The third position in this ranking was taken by Croatia (X square meters), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Hungary totaled -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+23.4% per year) and Croatia (+199.4% per year).

In value terms, Hungary ($X) constituted the largest supplier of multiple-walled insulating units of glass to Romania, comprising 38% of total imports. The second position in the ranking was held by Turkey ($X), with an 18% share of total imports. It was followed by Croatia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Hungary was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+28.6% per year) and Croatia (+147.9% per year).

Import Prices by Country

The average multiple-walled insulating glass unit import price stood at $X per square meter in 2021, rising by 40% against the previous year. In general, the import price showed a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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