Romania: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Romania

In 2022, the Romanian market for rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 10% to $X, rising for the fifth year in a row after three years of decline. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +96.5% against 2017 indices. Vinyl chloride polymer rigid pipes consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Romania

In value terms, vinyl chloride polymer rigid pipes production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in years to come.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Romania

In 2022, after five years of growth, there was significant decline in shipments abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride, when their volume decreased by -18.7% to X tons. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 74%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped significantly in the following year.

In value terms, vinyl chloride polymer rigid pipes exports shrank sharply to $X in 2022. Over the period under review, exports, however, posted prominent growth. The growth pace was the most rapid in 2020 when exports increased by 333%. Over the period under review, the exports reached the maximum at $X in 2021, and then declined notably in the following year.

Exports by Country

Moldova (X tons), Bulgaria (X tons) and Hungary (X tons) were the main destinations of vinyl chloride polymer rigid pipes exports from Romania, with a combined 59% share of total exports. Greece, Croatia, Serbia and Italy lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +87.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Moldova ($X), Italy ($X) and Bulgaria ($X) constituted the largest markets for vinyl chloride polymer rigid pipes exported from Romania worldwide, with a combined 50% share of total exports. Hungary, Greece, Croatia and Serbia lagged somewhat behind, together accounting for a further 37%.

Croatia, with a CAGR of +100.0%, saw the highest growth rate of 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

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, reducing by -24.1% against the previous year. Over the period under review, the export price, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 an increase of 149%. The export price peaked at $X per ton in 2021, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Greece ($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 Italy (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Romania

For the third consecutive year, Romania recorded growth in supplies from abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride, which increased by 3.9% to X tons in 2022. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 44% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, vinyl chloride polymer rigid pipes imports amounted to $X in 2022. Overall, imports recorded a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 51%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of vinyl chloride polymer rigid pipes to Romania, with a 49% share of total imports. Moreover, vinyl chloride polymer rigid pipes imports from Italy exceeded the figures recorded by the second-largest supplier, Serbia (X tons), fourfold. Turkey (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (-0.1% per year) and Turkey (+28.5% per year).

In value terms, Italy ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of vinyl chloride to Romania, comprising 50% of total imports. The second position in the ranking was held by Poland ($X), with an 8.3% share of total imports. It was followed by Serbia, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+14.8% per year) and Serbia (+3.2% per year).

Import Prices by Country

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, falling by -3.3% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride polymer rigid pipes import price increased by +77.1% against 2018 indices. The growth pace was the most rapid in 2021 an increase of 26%. As a result, import price attained 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 Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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