Romania: Non-Alloy Aluminium Bar Market 2024

Non-Alloy Aluminium Bar Market Size in Romania

In 2021, the Romanian non-alloy aluminium bar market decreased by -36.4% to $X, falling for the third year in a row after two years of growth. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Non-Alloy Aluminium Bar Production in Romania

In value terms, non-alloy aluminium bar production shrank markedly to $X in 2021 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -37.0% against 2018 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 100% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Non-Alloy Aluminium Bar Exports

Exports from Romania

Non-alloy aluminium bar exports from Romania surged to X tons in 2021, rising by 388% against 2020 figures. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-alloy aluminium bar exports surged to $X in 2021. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for non-alloy aluminium bar exports from Romania, accounting for a 45% share of total exports. Moreover, non-alloy aluminium bar exports to the Netherlands exceeded the volume sent to the second major destination, Poland (X tons), threefold. Belgium (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +119.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+231.2% per year) and Belgium (+132.2% per year).

In value terms, the Netherlands ($X), Poland ($X) and Germany ($X) appeared to be the largest markets for non-alloy aluminium bar exported from Romania worldwide, with a combined 74% share of total exports. Italy, Belgium, Slovenia, Austria, France and Hungary lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, Slovenia, with a CAGR of +330,097.7%, 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 2021, the average non-alloy aluminium bar export price amounted to $X per ton, picking up by 21% against the previous year. Over the period under review, the export price, however, recorded a mild reduction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Austria ($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 France (+5.8%), while the prices for the other major destinations experienced a decline.

Non-Alloy Aluminium Bar Imports

Imports into Romania

In 2021, supplies from abroad of non-alloy aluminium bars, rods and profiles increased by 11% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 25%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, non-alloy aluminium bar imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +10.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +46.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Greece (X tons) and Bulgaria (X tons) were the main suppliers of non-alloy aluminium bar imports to Romania, with a combined 45% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +41.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy aluminium bar suppliers to Romania were Belgium ($X), Greece ($X) and Bulgaria ($X), with a combined 48% share of total imports. These countries were followed by Spain, Poland, Italy, France, Germany, the Czech Republic, the Netherlands, Hungary and Turkey, which together accounted for a further 45%.

In terms of the main suppliers, Spain, with a CAGR of +30.4%, 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

The average non-alloy aluminium bar import price stood at $X per ton in 2021, increasing by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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