Romania - Cement - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
The Romanian Cement Market to Exceed 9M Tonnes by 2025
IndexBox has just published a new report "Romania: Cement - Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.
The Cement Market in Romania Fluctuated Mildly over the Last Five Years
The Romanian cement market stood at X tonnes or €X in 2016. From 2007 to 2016, the market showed negative dynamics. A significant drop in 2009 (X% Y-o-Y) was followed by another X% decline the next year (IndexBox estimates). In 2011, there was a weak recovery attempt, but the market volume just leveled off and stayed about the same level with small fluctuations over the next five years.
Consumption of Cement in Romania Is Expected to Exceed X Tonnes by the End of 2025
A strong decline of the construction sector was recorded in Romania in 2008. As for the current period, the outlook for 2017 and the coming years indicates that a the buoyant economic situation will result in a future recovery of the industry.
Several factors, such as increasing household spending power, the governmental housing strategy, and an increasingly attractive mortgage market, are expected to support the housebuilding segment. This segment is predicted to be the main driving factor of the recovery of construction in Romania.
Thus, the construction sector, which is forecasted to grow strongly in the period of 2017-2020, will accompany the improved overall macroeconomic situation in the country. The growth of the construction sector, however, is expected to slow in the following years from 2020 to 2025.
Driven by this positive outlook for construction, the market is expected to grow with an anticipated CAGR of +X% for the nine-year period from 2016 to 2025, which is projected to lead the market volume to X tonnes by the end of 2025.
Production of Cement in Romania Failed to Reach the Pre-recession Level
Production of cement in Romania amounted to X tonnes, which was equal to €X in 2016. In the given year, the production volume was X% less than the highest level of output observed in 2008. In value terms, the reduction was even more pronounced – from 2008 to 2016 it contracted by X%. After the dramatic fall in 2008-2009 caused by the consequences of the global economic crisis, production slightly increased in 2011, however, in subsequent years it fluctuated approximately at the same level.
The Romanian Cement Market Is almost Entirely Buoyed by Domestic Production
The share of imports in total consumption of cement in Romania was only X% in physical and value terms. It slightly decreased from the pre-recession level of X% (based on tonnes) in 2008, despite the reduction of import prices. The share of export in production was negligible at X% in 2016. Over the last nine years it fluctuated noticeable, but it did not exceeded X% (in 2012).
The well-developed cement industry enables local manufacturers to almost entirely meet domestic demand. Due to low trade intensity, imports and exports should not be regarded as strong factors influencing market dynamics in the medium term.
Romanian Cement Exports Fluctuated Wildly over the Period under Review
Romanian cement exports were extremely negligible both in terms of volume and value. The volume of cement exports from Romania amounted to X thousand tonnes in 2016, for a total value of about €X.
Bulgaria (X tonnes) stood out as the main destination of Romanian cement exports in 2016, comprising X% of total exports. In addition, Bulgaria was the fastest growing export market, within the period from 2007 to 2016 cement exports increased at a rate of approximately +X% per year. Therefore, the share of Bulgaria increased significantly from X% in 2007 to X% in 2016.
Turkey, Ukraine and Bulgaria Were the Main Suppliers of Cement into Romania
In 2016, the volume of Romanian cement imports amounted to X tonnes; contracting significantly from the highest volume of 2008. In value terms, it stood at €X.
In 2016, Turkey (X%), Ukraine (X%) and Bulgaria (X%) were the main suppliers of cement into Romania. Amongst the major suppliers, Turkey and Bulgaria indicated the highest rates of growth in terms of exports to Romania, with an average annual increase of +X% and +X%. Ukraine illustrated a more moderate growth (+X%) over period under review.
Turkey and Bulgaria strengthened their positions in terms of Romanian cement imports +X percentage points and +X percentage points, respectively, throughout the analyzed period, while the share of Ukraine (-X percentage points) contracted from 2007 to 2016.
Do you want to know more about the cement market in Romania? Get the latest trends and insight from our report. It includes a wide range of statistics on
- cement market share
- cement prices
- cement industry
- cement sales
- cement import
- cement export
- cement market forecast
- cement price forecast
- key cement producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the cement market in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Webinar: Global Animal Feed Market - Global Outlook & Insights
Join our live webinar to get insights into the global animal feed market.
Thursday, December 10th, 2020 @ 10:00 am ET