Romania: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Romania

The Romanian market for plastic fittings for tubes, pipes and hoses expanded slightly to $X in 2021, surging by 2.9% against the previous year. The market value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked in 2021 and is expected to retain growth in the immediate term.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Romania

In value terms, production of plastic fittings for tubes, pipes and hoses reached $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 186% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Romania

In 2021, exports of plastic fittings for tubes, pipes and hoses from Romania surged to X tons, jumping by 35% compared with the year before. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 152%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of plastic fittings for tubes, pipes and hoses surged to $X in 2021. Over the period under review, exports recorded a resilient increase. The growth pace was the most rapid in 2020 when exports increased by 101%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons) was the main destination for exports of plastic fittings for tubes, pipes and hoses from Romania, with a 35% share of total exports. Moreover, exports of plastic fittings for tubes, pipes and hoses to Germany exceeded the volume sent to the second major destination, Poland (X tons), twofold. France (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +54.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+83.4% per year) and France (+112.9% per year).

In value terms, Italy ($X), Germany ($X) and Ukraine ($X) appeared to be the largest markets for plastic fittings for tubes, pipes and hoses exported from Romania worldwide, together accounting for 53% of total exports. These countries were followed by Poland, Hungary, Moldova, Bulgaria, France, Spain, the Czech Republic, Croatia, Austria and Russia, which together accounted for a further 36%.

France, with a CAGR of +107.3%, recorded the highest rates of growth with regard to the value of exports, among 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 export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, with a decrease of -8.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 14% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Croatia ($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 Ukraine (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Romania

In 2021, supplies from abroad of plastic fittings for tubes, pipes and hoses decreased by -2.3% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.6% 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 +78.3% against 2016 indices. The growth pace was the most rapid in 2017 when imports increased by 31%. Over the period under review, imports of reached the peak figure at X tons in 2020, and then dropped modestly in the following year.

In value terms, imports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. Over the period under review, imports, however, saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of imports of plastic fittings for tubes, pipes and hoses to Romania, together accounting for 45% of total imports. These countries were followed by Hungary, Poland, China, Serbia, France, Greece, Iran and the Czech Republic, which together accounted for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +760.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Romania, comprising 28% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+21.2% per year) and Italy (+6.1% per year).

Import Prices by Country

The average import price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, increasing by 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. As a result, import price attained 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, the country with the highest price was France ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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