Romania: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Romania

The Romanian non-woven glass fibre articles market shrank to $X in 2021, dropping by -8.9% against the previous year. Over the period under review, consumption saw a pronounced downturn. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Romania

In value terms, non-woven glass fibre articles production contracted to $X in 2021 estimated in export price. In general, production, however, posted a mild increase. The pace of growth was the most pronounced in 2017 with an increase of 208%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Romania

In 2021, approx. X tons of non-woven glass fibre webs, felts, mattresses and boards were exported from Romania; picking up by 14% on 2020 figures. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 518%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, non-woven glass fibre articles exports soared to $X in 2021. In general, exports saw significant growth. The growth pace was the most rapid in 2014 when exports increased by 401% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Hungary (X tons) was the main destination for non-woven glass fibre articles exports from Romania, accounting for a 41% share of total exports. Moreover, non-woven glass fibre articles exports to Hungary exceeded the volume sent to the second major destination, Slovenia (X tons), fourfold. The third position in this ranking was held by Serbia (X tons), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary stood at +44.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+91.7% per year) and Serbia (+41.3% per year).

In value terms, Hungary ($X) remains the key foreign market for non-woven glass fibre webs, felts, mattresses and boards exports from Romania, comprising 34% of total exports. The second position in the ranking was held by Slovenia ($X), with a 9% share of total exports. It was followed by Bulgaria, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hungary totaled +44.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+86.2% per year) and Bulgaria (+91.9% per year).

Export Prices by Country

The average non-woven glass fibre articles export price stood at $X per ton in 2021, rising by 21% against the previous year. In general, the export price, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by 62% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Poland ($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 (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Romania

In 2021, supplies from abroad of non-woven glass fibre webs, felts, mattresses and boards decreased by -2.4% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +2.1% 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 decreased by -37.7% against 2017 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 62% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, non-woven glass fibre articles imports rose to $X in 2021. Overall, total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +9.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 68% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of non-woven glass fibre articles to Romania, accounting for a 46% share of total imports. Moreover, non-woven glass fibre articles imports from Turkey exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. Slovenia (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +59.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+2.8% per year) and Slovenia (-13.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of non-woven glass fibre webs, felts, mattresses and boards to Romania, comprising 41% of total imports. The second position in the ranking was taken by Slovenia ($X), with a 14% share of total imports. It was followed by the Czech Republic, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at +56.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (-13.3% per year) and the Czech Republic (+0.6% per year).

Import Prices by Country

In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, growing by 7.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 15%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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