Romania: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Romania

The Romanian rolled bitumen articles market dropped modestly to $X in 2023, leveling off at the previous year. In general, consumption, however, showed a relatively flat trend pattern. Rolled bitumen articles consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Rolled Bitumen Articles Production in Romania

In value terms, rolled bitumen articles production shrank slightly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

Rolled Bitumen Articles Exports

Exports from Romania

In 2023, overseas shipments of articles of bitumen in rolls decreased by X% to X square meters for the first time since 2020, thus ending a two-year rising trend. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports attained the peak of X square meters, and then contracted in the following year.

In value terms, rolled bitumen articles exports stood at $X in 2023. Overall, total exports indicated a mild increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. The exports peaked in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Bulgaria (X square meters) was the main destination for rolled bitumen articles exports from Romania, accounting for a X% share of total exports. Moreover, rolled bitumen articles exports to Bulgaria exceeded the volume sent to the second major destination, Greece (X square meters), twofold. The third position in this ranking was taken by Albania (X square meters), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Bulgaria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Albania (X% per year).

In value terms, Bulgaria ($X) remains the key foreign market for articles of bitumen in rolls exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Greece ($X), with a X% share of total exports. It was followed by Moldova, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Bulgaria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Moldova (X% per year).

Export Prices by Country

In 2023, the average rolled bitumen articles export price amounted to $X per square meter, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per square meter), while the average price for exports to Albania ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (X%), while the prices for the other major destinations experienced mixed trend patterns.

Rolled Bitumen Articles Imports

Imports into Romania

In 2023, the amount of articles of bitumen in rolls imported into Romania declined modestly to X square meters, reducing by X% compared with 2022. Overall, total imports indicated a pronounced expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X square meters. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, rolled bitumen articles imports reached $X in 2023. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X square meters), Italy (X square meters) and Austria (X square meters) were the main suppliers of rolled bitumen articles imports to Romania, together accounting for X% of total imports. Poland, Serbia, Belarus and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Austria ($X) and Turkey ($X) were the largest rolled bitumen articles suppliers to Romania, together comprising X% of total imports.

In terms of the main suppliers, Austria, with a CAGR of X%, saw the highest growth rate of 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 2023, the average rolled bitumen articles import price amounted to $X per square meter, increasing by X% against the previous year. Overall, import price indicated a slight increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, rolled bitumen articles import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2023 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 Germany ($X per square meter), while the price for Belarus ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform