Romania: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Romania

In 2021, the Romanian market for plastic hoses and hose fittings increased by 8.8% to $X, rising for the fourth year in a row after three years of decline. Overall, consumption enjoyed a strong increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Production of Plastic Hoses and Hose Fittings in Romania

In value terms, plastic hose and hose fitting production rose notably to $X in 2021 estimated in export price. Over the period under review, production recorded a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 66% against the previous year. Over the period under review, production hit record highs in 2021 and is likely to see steady growth in the near future.

Exports of Plastic Hoses and Hose Fittings

Exports from Romania

In 2021, overseas shipments of plastic hoses and hose fittings were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports posted a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 73%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, plastic hose and hose fitting exports totaled $X in 2021. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 61% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons), Spain (X tons) and Moldova (X tons) were the main destinations of plastic hose and hose fitting exports from Romania, with a combined 38% share of total exports. These countries were followed by Germany, the United States, Ukraine, Hungary, Serbia, Bulgaria, Poland, Russia, Turkey and Chile, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +273.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Moldova ($X) constituted the largest markets for plastic hose and hose fitting exported from Romania worldwide, with a combined 35% share of total exports. These countries were followed by Ukraine, Spain, Hungary, Serbia, Russia, Poland, the United States, Turkey, Bulgaria and Chile, which together accounted for a further 45%.

Chile, with a CAGR of +180.7%, recorded the highest growth rate of the value of exports, in terms of 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 hoses and hose fittings stood at $X per ton in 2021, flattening at the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2014 an increase of 26% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Chile ($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 Hungary (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Romania

For the seventh year in a row, Romania recorded growth in overseas purchases of plastic hoses and hose fittings, which increased by 7.4% to X tons in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +8.3% 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 +80.6% against 2013 indices. The growth pace was the most rapid in 2020 when imports increased by 29%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, plastic hose and hose fitting imports skyrocketed to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.4% 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 +85.6% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of plastic hose and hose fitting imports to Romania, together accounting for 47% of total imports. Poland, Austria, Hungary, China, Greece, Spain, France, the Czech Republic, Bulgaria and the Netherlands lagged somewhat behind, together comprising a further 43%.

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 +42.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of plastic hoses and hose fittings to Romania, comprising 29% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by France, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.0% per year) and France (+9.0% per year).

Import Prices by Country

In 2021, the average import price for plastic hoses and hose fittings amounted to $X per ton, surging by 19% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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