Romania: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Romania

The Romanian non-rolled bitumen products market shrank to $X in 2022, reducing by -5.7% against the previous year. Over the period under review, consumption recorded a abrupt downturn. Non-rolled bitumen products consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Rolled Bitumen Products Production in Romania

In value terms, non-rolled bitumen products production surged to $X in 2022 estimated in export price. Overall, production, however, faced a deep reduction. Non-rolled bitumen products production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Rolled Bitumen Products Exports

Exports from Romania

In 2022, shipments abroad of non-rolled bitumen products decreased by -53.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 183%. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell notably in the following year.

In value terms, non-rolled bitumen products exports shrank rapidly to $X in 2022. Overall, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 575% against the previous year. The exports peaked at $X in 2021, and then declined significantly in the following year.

Exports by Country

Moldova (X tons), France (X tons) and Ukraine (X tons) were the main destinations of non-rolled bitumen products exports from Romania, together comprising 86% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +51.3%), while the other leaders experienced more modest paces of growth.

In value terms, Moldova ($X) remains the key foreign market for non-rolled bitumen products exports from Romania, comprising 57% of total exports. The second position in the ranking was taken by France ($X), with a 20% share of total exports. It was followed by Ukraine, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Moldova stood at +32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+32.7% per year) and Ukraine (+7.2% per year).

Export Prices by Country

The average non-rolled bitumen products export price stood at $X per ton in 2022, dropping by -14.2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 139%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Germany ($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 the United Arab Emirates (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into Romania

In 2022, supplies from abroad of non-rolled bitumen products decreased by -35.2% to X tons, falling for the second consecutive year after five years of growth. In general, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of 31%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, non-rolled bitumen products imports fell dramatically to $X in 2022. Over the period under review, imports recorded a perceptible slump. The pace of growth was the most pronounced in 2013 when imports increased by 53%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest supplier of non-rolled bitumen products to Romania, with a 37% share of total imports. Moreover, non-rolled bitumen products imports from Slovakia exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.7% per year) and Austria (+9.5% per year).

In value terms, the largest non-rolled bitumen products suppliers to Romania were Slovakia ($X), Italy ($X) and Poland ($X), together comprising 61% of total imports. Turkey, France, Austria, Russia and Lithuania lagged somewhat behind, together accounting for a further 33%.

France, with a CAGR of +54.5%, saw the highest growth rate of 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

The average non-rolled bitumen products import price stood at $X per ton in 2022, picking up by 18% against the previous year. Over the period under review, the import price, however, saw a noticeable downturn. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood 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 Poland ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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