Romania: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Romania

The Romanian plastic ornamental articles market expanded to $X in 2022, growing by 4.8% against the previous year. Overall, consumption, however, recorded a remarkable increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Plastic Ornamental Articles Production in Romania

In value terms, plastic ornamental articles production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production faced a deep reduction. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Plastic Ornamental Articles Exports

Exports from Romania

After two years of growth, shipments abroad of statuettes and other ornamental articles of plastic decreased by -35.4% to X tons in 2022. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 248%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, plastic ornamental articles exports dropped remarkably to $X in 2022. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 179%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Bulgaria (X tons) and Hungary (X tons) were the main destinations of plastic ornamental articles exports from Romania, together comprising 60% of total exports. Croatia, Slovenia, Slovakia, Greece, Moldova, the Czech Republic, Turkey, Latvia, Poland and Italy lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +148.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic ornamental articles exported from Romania were Germany ($X), Hungary ($X) and Bulgaria ($X), together accounting for 61% of total exports. Croatia, Moldova, Turkey, Slovenia, Slovakia, Greece, Poland, the Czech Republic, Italy and Latvia lagged somewhat behind, together comprising a further 32%.

In terms of the main countries of destination, Latvia, with a CAGR of +103.5%, 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

In 2022, the average plastic ornamental articles export price amounted to $X per ton, with an increase of 5.9% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 75%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Latvia ($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 Moldova (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Romania

Plastic ornamental articles imports into Romania dropped to X tons in 2022, which is down by -6.7% compared with 2021 figures. Overall, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 55%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic ornamental articles imports rose modestly to $X in 2022. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic ornamental articles to Romania, accounting for a 51% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Hungary (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+25.0% per year) and Germany (+1.9% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Romania, comprising 47% of total imports. The second position in the ranking was held by Hungary ($X), with a 14% share of total imports. It was followed by Germany, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+19.2% per year) and Germany (+9.6% per year).

Import Prices by Country

The average plastic ornamental articles import price stood at $X per ton in 2022, picking up by 12% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic ornamental articles import price increased by +79.5% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 24% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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