Romania: Prefabricated Buildings Market 2024

Prefabricated Buildings Market Size in Romania

The Romanian prefabricated buildings market contracted to $X in 2022, reducing by -14.4% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined in the following year.

Prefabricated Buildings Production in Romania

In value terms, prefabricated buildings production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Prefabricated Buildings Exports

Exports from Romania

In 2022, overseas shipments of prefabricated buildings increased by 22% to X units, rising for the second consecutive year after two years of decline. Overall, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 36% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, prefabricated buildings exports expanded notably to $X in 2022. Over the period under review, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X units) was the main destination for prefabricated buildings exports from Romania, accounting for a 54% share of total exports. Moreover, prefabricated buildings exports to Sweden exceeded the volume sent to the second major destination, France (X units), fourfold. The third position in this ranking was held by the Netherlands (X units), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled +34.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-6.0% per year) and the Netherlands (+40.6% per year).

In value terms, Sweden ($X) remains the key foreign market for prefabricated buildings exports from Romania, comprising 39% of total exports. The second position in the ranking was taken by France ($X), with a 15% share of total exports. It was followed by Italy, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to +24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.0% per year) and Italy (+6.8% per year).

Export Prices by Country

In 2022, the average prefabricated buildings export price amounted to $X per unit, declining by -10.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Prefabricated Buildings Imports

Imports into Romania

In 2022, the amount of prefabricated buildings imported into Romania expanded to X units, increasing by 3.6% compared with the previous year's figure. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.8% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 40%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, prefabricated buildings imports reduced modestly to $X in 2022. Overall, imports enjoyed a mild increase. The pace of growth was the most pronounced in 2020 with an increase of 75%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X units), Italy (X units) and China (X units) were the main suppliers of prefabricated buildings imports to Romania, with a combined 49% share of total imports. Croatia, Austria, Belgium, Germany, Hungary, Bulgaria, France, Poland and Ukraine lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +27.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prefabricated buildings suppliers to Romania were Italy ($X), Turkey ($X) and China ($X), with a combined 49% share of total imports. Croatia, Bulgaria, Belgium, Hungary, Germany, Austria, France, Poland and Ukraine lagged somewhat behind, together comprising a further 37%.

Among the main suppliers, Croatia, with a CAGR of +25.5%, saw the highest rates of growth with regard to 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 prefabricated buildings import price stood at $X per unit in 2022, which is down by -6.2% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 50% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bulgaria ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :