Romania: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Romania

The Romanian market for other synthetic tow and staple not carded, combed or otherwise processed for spinning rose slightly to $X in 2021, surging by 1.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption faced a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Romania

In 2021, approx. X tons of other synthetic tow and staple not carded, combed or otherwise processed for spinning were exported from Romania; with an increase of 182% compared with the year before. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of 226% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. In general, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by 161% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning from Romania, accounting for a 68% share of total exports. Moreover, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Germany exceeded the volume sent to the second major destination, Hungary (X tons), fivefold. The third position in this ranking was taken by the UK (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+24.8% per year) and the UK (+68.5% per year).

In value terms, Germany ($X) remains the key foreign market for other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Romania, comprising 62% of total exports. The second position in the ranking was held by Hungary ($X), with a 16% share of total exports. It was followed by the UK, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-31.9% per year) and the UK (+41.6% per year).

Export Prices by Country

In 2021, the average export price for other synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, waning by -25.9% against the previous year. Overall, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 92%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($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 Germany (-6.7%), while the prices for the other major destinations experienced a decline.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Romania

In 2021, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning into Romania declined modestly to X tons, dropping by -5% on the year before. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 426%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 510%. Over the period under review, imports of reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Turkey (X tons) and Poland (X tons) were the main suppliers of imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning to Romania, together accounting for 78% of total imports. These countries were followed by Germany, Spain and Italy, which together accounted for a further 20%.

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 +104.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Romania were Germany ($X), the Netherlands ($X) and Poland ($X), together comprising 89% of total imports. These countries were followed by Spain, Turkey and Italy, which together accounted for a further 8.7%.

Spain, with a CAGR of +117.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for other synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2021, jumping by 35% against the previous year. Over the period under review, the import price recorded a prominent expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 92%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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