
Romania - Aluminium Bars, Rods And Profiles - Market Analysis, Forecast, Size, Trends and Insights
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Romania: Aluminium Bar Market Overview 2021
Aluminium Bar Market Size in Romania
The Romanian aluminium bar market surged to $X in 2019, picking up by X% against the previous year. Over the period under review, consumption posted a resilient increase. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Aluminium bar consumption peaked in 2019 and is expected to retain growth in years to come.
Aluminium Bar Production in Romania
In value terms, aluminium bar production rose significantly to $X in 2019 estimated in export prices. Overall, production posted a buoyant expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Aluminium bar production peaked in 2019 and is likely to see steady growth in years to come.
Aluminium Bar Exports
Exports from Romania
In 2019, overseas shipments of aluminium bars, rods and profiles decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a noticeable decline. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.
In value terms, aluminium bar exports contracted notably to $X in 2019. Overall, exports showed a perceptible curtailment. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.
Exports by Country
Germany (X tonnes) was the main destination for aluminium bar exports from Romania, accounting for a X% share of total exports. Moreover, aluminium bar exports to Germany exceeded the volume sent to the second major destination, Austria (X tonnes), threefold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.
From 2007 to 2019, the average annual growth rate of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and the Netherlands (+X% per year).
In value terms, Germany ($X) remains the key foreign market for aluminium bar exports from Romania, comprising X% of total exports. The second position in the ranking was occupied by Austria ($X), with a X% share of total exports. It was followed by France, with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and France (+X% per year).
Export Prices by Country
The average aluminium bar export price stood at $X per tonne in 2019, almost unchanged from the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2015; however, from 2016 to 2019, export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was France ($X per tonne), while the average price for exports to Slovenia ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced more modest paces of growth.
Aluminium Bar Imports
Imports into Romania
In 2019, purchases abroad of aluminium bars, rods and profiles decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. In general, total imports indicated a mild expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.
In value terms, aluminium bar imports contracted to $X in 2019. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Imports peaked at $X in 2018, and then contracted in the following year.
Imports by Country
Turkey (X tonnes), Germany (X tonnes) and Italy (X tonnes) were the main suppliers of aluminium bar imports to Romania, together accounting for X% of total imports. Greece, Bulgaria, Poland, Slovakia, Hungary, Belgium, the Czech Republic, Spain, China and France lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain, while imports for the other leaders experienced more modest paces of growth.
In value terms, Germany ($X), Turkey ($X) and Greece ($X) constituted the largest aluminium bar suppliers to Romania, with a combined X% share of total imports. These countries were followed by Italy, Poland, Hungary, Belgium, Slovakia, the Czech Republic, Bulgaria, China, France and Spain, which together accounted for a further X saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average aluminium bar import price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Overall, the import price showed a mild decrease. The pace of growth appeared the most rapid in 2014 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2008; however, from 2009 to 2019, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per tonne), while the price for Bulgaria ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for aluminium bars, rods and profiles in the world?+
The countries with the highest volumes of aluminium bar consumption in 2019 were China (5.1M tonnes), the U.S. (2.9M tonnes) and Brazil (1.2M tonnes), together accounting for 49% of global consumption.
What are the largest producers of aluminium bars, rods and profiles in the world?+
China (6.1M tonnes) constituted the country with the largest volume of aluminium bar production, comprising approx. 31% of total volume. Moreover, aluminium bar production in China exceeded the figures recorded by the second-largest producer, the U.S. (2.9M tonnes), twofold. Brazil (1.2M tonnes) ranked third in terms of total production with a 6.2% share.
What are the leading suppliers of aluminium bars, rods and profiles to Romania?+
In value terms, Germany ($31M), Turkey ($24M) and Greece ($19M) constituted the largest aluminium bar suppliers to Romania, together accounting for 41% of total imports. Italy, Poland, Hungary, Belgium, Slovakia, the Czech Republic, Bulgaria, China, France and Spain lagged somewhat behind, together accounting for a further 47%.
What are the leading importers of aluminium bars, rods and profiles from Romania?+
In value terms, Germany ($70M) remains the key foreign market for aluminium bar exports from Romania, comprising 35% of total exports. The second position in the ranking was occupied by Austria ($17M), with a 8.6% share of total exports. It was followed by France, with a 7.9% share.
What is the average export price for aluminium bars, rods and profiles in Romania?+
The average aluminium bar export price stood at $3,708 per tonne in 2019, stabilizing at the previous year.
What is the average import price for aluminium bars, rods and profiles in Romania?+
The average aluminium bar import price stood at $4,589 per tonne in 2019, which is down by -8% against the previous year.
This report provides an in-depth analysis of the aluminium bar 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 2025.
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
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