Romania: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Romania

The Romanian synthetic filament tow market surged to $X in 2021, rising by 15% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +26.7% against 2019 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the near future.

Synthetic Filament Tow Production in Romania

In value terms, synthetic filament tow production rose modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 -3.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 22% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Synthetic Filament Tow Exports

Exports from Romania

Synthetic filament tow exports from Romania expanded to X tons in 2021, growing by 2.5% compared with the previous year. Overall, total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -21.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 33% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, synthetic filament tow exports soared to $X in 2021. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 42%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and Italy (X tons) were the main destinations of synthetic filament tow exports from Romania, together comprising 60% of total exports. These countries were followed by Turkey, France, Belgium and Slovenia, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +28.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic filament tow exported from Romania were Germany ($X), the Czech Republic ($X) and Italy ($X), with a combined 59% share of total exports. These countries were followed by France, Slovenia, Turkey and Belgium, which together accounted for a further 27%.

Among the main countries of destination, Turkey, with a CAGR of +24.1%, recorded 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 2021, the average synthetic filament tow export price amounted to $X per ton, picking up by 15% against the previous year. Over the period under review, the export price, however, showed a slight shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to Slovenia ($X per ton) and France ($X per ton), while the average price for exports to Belgium ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (-0.7%), while the prices for the other major destinations experienced a decline.

Synthetic Filament Tow Imports

Imports into Romania

In 2021, after two years of decline, there was significant growth in overseas purchases of synthetic filament tow and staple fibers, not carded or combed, when their volume increased by 33% to X tons. Overall, imports saw a relatively flat trend pattern. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, synthetic filament tow imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Bulgaria (X tons) and Turkey (X tons) were the main suppliers of synthetic filament tow imports to Romania, together comprising 68% of total imports. South Korea, Belgium, Italy, Denmark and Poland lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +93.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of synthetic filament tow to Romania, comprising 47% of total imports. The second position in the ranking was held by Turkey ($X), with an 18% share of total imports. It was followed by Bulgaria, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.6% per year) and Bulgaria (+57.2% per year).

Import Prices by Country

In 2021, the average synthetic filament tow import price amounted to $X per ton, growing by 44% against the previous year. In general, the import price, however, showed a mild shrinkage. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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