Romania: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Romania

The Romanian vulcanised rubber seal market shrank to $X in 2022, waning by -8.7% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Vulcanised Rubber Seal Production in Romania

In value terms, vulcanised rubber seal production reduced modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.3% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 37% against the previous year. Vulcanised rubber seal production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Vulcanised Rubber Seal Exports

Exports from Romania

In 2022, after two years of growth, there was decline in overseas shipments of seals of vulcanised rubber, when their volume decreased by -2.1% to X tons. The total export volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 32%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, vulcanised rubber seal exports declined modestly to $X in 2022. The total export value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 27% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), Germany (X tons) and France (X tons) were the main destinations of vulcanised rubber seal exports from Romania, together accounting for 47% of total exports. The Czech Republic, Poland, Hungary, the UK, Italy, Russia and Turkey lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +73.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vulcanised rubber seal exported from Romania were Germany ($X), France ($X) and Sweden ($X), with a combined 50% share of total exports. Poland, Hungary, the Czech Republic, Italy, the UK, Russia and Turkey lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, the Czech Republic, with a CAGR of +43.1%, saw the highest growth rate of 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

The average vulcanised rubber seal export price stood at $X per ton in 2022, with a decrease of -2.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the Czech Republic ($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 Turkey (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports into Romania

In 2022, after two years of growth, there was significant decline in purchases abroad of seals of vulcanised rubber, when their volume decreased by -10.7% to X tons. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 17%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, vulcanised rubber seal imports declined to $X in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 20%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

Poland (X tons), France (X tons) and Germany (X tons) were the main suppliers of vulcanised rubber seal imports to Romania, together accounting for 47% of total imports. Bulgaria, Italy, the UK, India, China, Russia, Turkey, Hungary, Serbia and Spain lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +96.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of seals of vulcanised rubber to Romania, comprising 21% of total imports. The second position in the ranking was taken by France ($X), with a 9.5% share of total imports. It was followed by Italy, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-8.6% per year) and Italy (+7.6% per year).

Import Prices by Country

In 2022, the average vulcanised rubber seal import price amounted to $X per ton, surging by 2.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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