Romania: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Romania

The Romanian reclaimed rubber market rose rapidly to $X in 2021, growing by 11% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.8% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Reclaimed Rubber Production in Romania

In value terms, reclaimed rubber production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% 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 decreased by -13.0% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 20% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Reclaimed Rubber Exports

Exports from Romania

Reclaimed rubber exports from Romania surged to X tons in 2021, rising by 93% compared with 2020 figures. Overall, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 203% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, reclaimed rubber exports surged to $X in 2021. In general, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 when exports increased by 135%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), Russia (X tons) and France (X tons) were the main destinations of reclaimed rubber exports from Romania, together comprising 73% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +189.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for reclaimed rubber exported from Romania were the UK ($X), Russia ($X) and France ($X), with a combined 70% share of total exports.

The UK, with a CAGR of +236.8%, saw the highest rates of growth with regard to 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

In 2021, the average reclaimed rubber export price amounted to $X per ton, standing approx. at the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 51% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($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 the UK (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Reclaimed Rubber Imports

Imports into Romania

In 2021, reclaimed rubber imports into Romania skyrocketed to X tons, picking up by 19% compared with the previous year. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 77% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, reclaimed rubber imports expanded significantly to $X in 2021. Over the period under review, imports recorded a notable increase. The most prominent rate of growth was recorded in 2016 with an increase of 77% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

India (X tons), the Netherlands (X tons) and Hungary (X tons) were the main suppliers of reclaimed rubber imports to Romania, together accounting for 79% of total imports. These countries were followed by China, the Czech Republic, Germany, Poland, France and Greece, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +75.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest reclaimed rubber suppliers to Romania were India ($X), the Netherlands ($X) and Germany ($X), together comprising 65% of total imports. These countries were followed by Poland, Hungary, China, the Czech Republic, France and Greece, which together accounted for a further 18%.

Among the main suppliers, Poland, with a CAGR of +76.9%, recorded the highest growth rate of 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

In 2021, the average reclaimed rubber import price amounted to $X per ton, shrinking by -7.4% against the previous year. In general, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, reclaimed rubber import price increased by +33.6% against 2014 indices. The most prominent rate of growth was recorded in 2020 an increase of 27%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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