Romania: Market for Copper Tubes And Pipes 2024

Market Size for Copper Tubes And Pipes in Romania

For the third consecutive year, the Romanian copper tube and pipe market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption saw a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Copper Tubes And Pipes in Romania

In value terms, copper tube and pipe production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a significant decrease. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Copper Tubes And Pipes

Exports from Romania

In 2022, overseas shipments of copper tubes and pipes decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced remarkably in the following year.

In value terms, copper tube and pipe exports fell significantly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Germany (X tons) was the main destination for copper tube and pipe exports from Romania, accounting for a X% share of total exports. Moreover, copper tube and pipe exports to Germany exceeded the volume sent to the second major destination, Sweden (X tons), fourfold. The third position in this ranking was held by Hungary (X tons), with an X% share.

From 2012 to 2022, 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: Sweden (X% per year) and Hungary (X% per year).

In value terms, the largest markets for copper tube and pipe exported from Romania were Germany ($X), Sweden ($X) and Hungary ($X), together accounting for X% of total exports. The Czech Republic, Moldova, Poland, Bulgaria, Italy, Austria and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average copper tube and pipe export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price 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, copper tube and pipe export price increased by X% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Hungary ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes And Pipes

Imports into Romania

In 2022, after three years of growth, there was significant decline in overseas purchases of copper tubes and pipes, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, copper tube and pipe imports contracted notably to $X in 2022. Overall, imports, however, recorded a tangible increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

Italy (X tons), Greece (X tons) and Germany (X tons) were the main suppliers of copper tube and pipe imports to Romania, with a combined X% share of total imports. Austria, Spain, India, China and Serbia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Italy ($X), Greece ($X) and Germany ($X) appeared to be the largest copper tube and pipe suppliers to Romania, with a combined X% share of total imports. Austria, Spain, China, India and Serbia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, India, 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

The average copper tube and pipe import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price 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, copper tube and pipe import price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Austria ($X per ton) and China ($X per ton), while the price for India ($X per ton) and Greece ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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