Romania: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in Romania

The Romanian worked flat glass market dropped sharply to $X in 2021, shrinking by -22.6% against the previous year. In general, consumption continues to indicate a noticeable slump. Worked flat glass consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Worked Flat Glass Production in Romania

In value terms, worked flat glass production soared to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 51%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Worked Flat Glass Exports

Exports from Romania

In 2021, shipments abroad of worked flat glass increased by 38% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, worked flat glass exports surged to $X in 2021. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 79%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons) was the main destination for worked flat glass exports from Romania, with a 81% share of total exports. Moreover, worked flat glass exports to Italy exceeded the volume sent to the second major destination, Slovakia (X tons), eightfold. The third position in this ranking was held by Belgium (X tons), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +83.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+66.2% per year) and Belgium (+83.5% per year).

In value terms, Italy ($X) remains the key foreign market for worked flat glass exports from Romania, comprising 70% of total exports. The second position in the ranking was held by Slovakia ($X), with a 15% share of total exports. It was followed by Belgium, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value to Italy stood at +84.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+68.9% per year) and Belgium (+104.3% per year).

Export Prices by Country

In 2021, the average worked flat glass export price amounted to $X per ton, growing by 9.2% against the previous year. Over the period under review, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2014 an increase of 62% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Flat Glass Imports

Imports into Romania

In 2021, approx. X tons of worked flat glass were imported into Romania; shrinking by -23.1% compared with the year before. In general, imports showed a mild shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, worked flat glass imports expanded notably to $X in 2021. Over the period under review, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +15.8% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by 47%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of worked flat glass to Romania, accounting for a 46% share of total imports. Moreover, worked flat glass imports from Turkey exceeded the figures recorded by the second-largest supplier, Hungary (X tons), twofold. China (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+10.1% per year) and China (-13.9% per year).

In value terms, Turkey ($X), China ($X) and Hungary ($X) constituted the largest worked flat glass suppliers to Romania, with a combined 56% share of total imports. These countries were followed by Italy, Belgium, Poland, the Czech Republic and Bulgaria, which together accounted for a further 18%.

In terms of the main suppliers, Poland, with a CAGR of +37.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average worked flat glass import price amounted to $X per ton, growing by 45% against the previous year. In general, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, worked flat glass import price increased by +49.3% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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