Romania: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Romania

In 2022, the Romanian primary fiber crops market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Primary Fiber Crops Production in Romania

In value terms, primary fiber crops production rose significantly to $X in 2022 estimated in export price. Overall, production posted a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Primary Fiber Crops Exports

Exports from Romania

In 2022, after two years of growth, there was significant decline in shipments abroad of fiber crops (primary), when their volume decreased by X% to X tons. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, primary fiber crops exports fell dramatically to $X in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for primary fiber crops exports from Romania, with a X% share of total exports. Moreover, primary fiber crops exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Hungary (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Hungary (X% per year).

In value terms, the largest markets for primary fiber crops exported from Romania were Germany ($X), the Netherlands ($X) and Italy ($X), together accounting for X% of total exports.

Germany, with a CAGR of X%, saw 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

In 2022, the average primary fiber crops export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price saw a deep setback. The growth pace was the most rapid in 2020 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

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

Primary Fiber Crops Imports

Imports into Romania

In 2022, imports of fiber crops (primary) into Romania shrank remarkably to X tons, waning by X% against 2021 figures. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, primary fiber crops imports contracted significantly to $X in 2022. In general, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sri Lanka (X tons), Germany (X tons) and France (X tons) were the main suppliers of primary fiber crops imports to Romania, with a combined X% share of total imports. Poland, Belgium, Hungary, Kazakhstan, Italy, Belarus, Egypt and Turkey lagged somewhat behind, together accounting for a further X%.

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

In value terms, Italy ($X), Sri Lanka ($X) and Poland ($X) appeared to be the largest primary fiber crops suppliers to Romania, with a combined X% share of total imports.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average primary fiber crops import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, primary fiber crops import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 an increase of X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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