Romania: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Romania

For the fourth year in a row, the Romanian cement prefabricated structural components market recorded growth in sales value, which increased by 30% to $X in 2021. Overall, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +77.8% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Romania

In value terms, cement prefabricated structural components production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +78.9% against 2017 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from Romania

In 2021, after two years of growth, there was significant decline in overseas shipments of prefabricated structural components of cement, concrete or artificial stone, when their volume decreased by -17.9% to X tons. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 586% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, cement prefabricated structural components exports fell to $X in 2021. Overall, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 425%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Moldova (X tons), Bulgaria (X tons) and Belgium (X tons) were the main destinations of cement prefabricated structural components exports from Romania, together accounting for 90% of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +4,132.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Moldova ($X) and Belgium ($X) were the largest markets for cement prefabricated structural components exported from Romania worldwide, together comprising 81% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +659.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cement prefabricated structural components export price amounted to $X per ton, growing by 11% against the previous year. In general, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2015 an increase of 125%. As a result, the export price attained the peak level of $X per ton. From 2016 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, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Hungary ($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 Bulgaria (+19.6%), while the prices for the other major destinations experienced a decline.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into Romania

Cement prefabricated structural components imports into Romania skyrocketed to X tons in 2021, picking up by 220% on 2020. In general, imports posted notable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cement prefabricated structural components imports surged to $X in 2021. Overall, imports continue to indicate a tangible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Hungary (X tons) constituted the largest cement prefabricated structural components supplier to Romania, accounting for a 52% share of total imports. Moreover, cement prefabricated structural components imports from Hungary exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. Moldova (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary totaled +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.2% per year) and Moldova (+43.5% per year).

In value terms, Hungary ($X) constituted the largest supplier of prefabricated structural components of cement, concrete or artificial stone to Romania, comprising 49% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Italy, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from Hungary stood at +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.2% per year) and Italy (-3.6% per year).

Import Prices by Country

In 2021, the average cement prefabricated structural components import price amounted to $X per ton, reducing by -5.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 134% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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