Romania: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Romania

The Romanian non-cotton terry towelling market contracted to $X in 2021, waning by -13.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a prominent increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Non-Cotton Terry Towelling Exports

Exports from Romania

In 2021, shipments abroad of terry towelling (excluding of cotton) decreased by -61.2% to X square meters for the first time since 2018, thus ending a two-year rising trend. In general, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 1,573% against the previous year. As a result, the exports reached the peak of X square meters. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, non-cotton terry towelling exports dropped significantly to $X in 2021. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2015 with an increase of 2,106%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X square meters), Germany (X square meters) and Cyprus (X square meters) were the main destinations of non-cotton terry towelling exports from Romania, together accounting for 94% of total exports. Denmark and Belgium lagged somewhat behind, together comprising a further 4.2%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for terry towelling (excluding of cotton) exports from Romania, comprising 90% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.6% share of total exports. It was followed by Belgium, with a 1% share.

From 2012 to 2021, the average annual growth rate of value to Italy totaled -13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Belgium (-30.1% per year).

Export Prices by Country

In 2021, the average non-cotton terry towelling export price amounted to $X per square meter, reducing by -33.1% against the previous year. Over the period under review, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2020 an increase of 108%. Over the period under review, the average export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per square meter), while the average price for exports to Denmark ($X per square meter) 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 (+32.0%), while the prices for the other major destinations experienced a decline.

Non-Cotton Terry Towelling Imports

Imports into Romania

In 2021, approx. X square meters of terry towelling (excluding of cotton) were imported into Romania; declining by -31.4% compared with 2020. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 526% against the previous year. As a result, imports reached the peak of X square meters. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, non-cotton terry towelling imports dropped to $X in 2021. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 875% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X square meters) constituted the largest non-cotton terry towelling supplier to Romania, accounting for a 90% share of total imports. Moreover, non-cotton terry towelling imports from Italy exceeded the figures recorded by the second-largest supplier, China (X square meters), more than tenfold. The third position in this ranking was held by Slovakia (X square meters), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+104.7% per year) and Slovakia (+198.0% per year).

In value terms, Italy ($X) constituted the largest supplier of terry towelling (excluding of cotton) to Romania, comprising 92% of total imports. The second position in the ranking was taken by China ($X), with a 2.6% share of total imports. It was followed by Slovakia, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+91.6% per year) and Slovakia (+221.6% per year).

Import Prices by Country

The average non-cotton terry towelling import price stood at $X per square meter in 2021, rising by 43% against the previous year. In general, the import price showed tangible growth. The pace of growth appeared the most rapid in 2014 an increase of 56%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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