Romania: Base Metal Closure Market 2024

Base Metal Closure Market Size in Romania

The Romanian base metal closure market totaled $X in 2022, surging by X% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. Base metal closure consumption peaked in 2022 and is likely to continue growth in the near future.

Base Metal Closure Production in Romania

In value terms, base metal closure production soared to $X in 2022 estimated in export price. Overall, production, however, recorded a moderate expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Base metal closure production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Base Metal Closure Exports

Exports from Romania

In 2022, overseas shipments of base metal closures, stoppers, caps and lids decreased by X% to X tons, falling for the third year in a row after five years of growth. Over the period under review, exports, however, posted a temperate expansion. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, base metal closure exports contracted markedly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell markedly in the following year.

Exports by Country

Bulgaria (X tons) was the main destination for base metal closure exports from Romania, with a X% share of total exports. Moreover, base metal closure exports to Bulgaria exceeded the volume sent to the second major destination, Italy (X tons), fourfold. Poland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Poland (X% per year).

In value terms, Bulgaria ($X) remains the key foreign market for base metal closures, stoppers, caps and lids exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Algeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bulgaria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Algeria (X% per year).

Export Prices by Country

The average base metal closure export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price showed a slight setback. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Closure Imports

Imports into Romania

In 2022, after two years of growth, there was decline in overseas purchases of base metal closures, stoppers, caps and lids, when their volume decreased by X% to X tons. In general, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, base metal closure imports amounted to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Poland (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of base metal closure imports to Romania, together accounting for X% of total imports. Greece, Ukraine, Bulgaria, Germany, the United Arab Emirates and Hungary lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of base metal closures, stoppers, caps and lids to Romania, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Italy (X% per year).

Import Prices by Country

The average base metal closure import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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