Romania: Insulating Board Market 2024

Insulating Board Market Size in Romania

In 2022, the Romanian insulating board market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a perceptible decrease. Insulating board consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Insulating Board Production in Romania

In value terms, insulating board production shrank to $X in 2022 estimated in export price. In general, production recorded resilient growth. The growth pace was the most rapid in 2017 when the production volume increased by 567%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Insulating Board Exports

Exports from Romania

In 2022, the amount of insulating board exported from Romania skyrocketed to X cubic meters, picking up by 458% against the previous year's figure. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, insulating board exports surged to $X in 2022. Over the period under review, exports showed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Serbia (X cubic meters), Hungary (X cubic meters) and France (X cubic meters) were the main destinations of insulating board exports from Romania, with a combined 73% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +145.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for insulating board exported from Romania were Serbia ($X), Hungary ($X) and France ($X), together comprising 75% of total exports.

Serbia, with a CAGR of +148.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average insulating board export price stood at $X per cubic meter in 2022, declining by -15.5% against the previous year. Overall, the export price continues to indicate a pronounced decline. The growth pace was the most rapid in 2014 an increase of 12%. As a result, the export price reached the peak level of $X per cubic meter. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per cubic meter) and Moldova ($X per cubic meter), while the average price for exports to Croatia ($X per cubic meter) and Hungary ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Board Imports

Imports into Romania

In 2022, purchases abroad of insulating board increased by 149% to X cubic meters, rising for the second consecutive year after two years of decline. In general, imports, however, saw a abrupt setback. Over the period under review, imports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, insulating board imports soared to $X in 2022. Overall, imports, however, showed a perceptible decrease. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X cubic meters) constituted the largest supplier of insulating board to Romania, with a 55% share of total imports. Moreover, insulating board imports from Turkey exceeded the figures recorded by the second-largest supplier, Poland (X cubic meters), threefold. The third position in this ranking was taken by Germany (X cubic meters), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to +33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+20.7% per year) and Germany (-4.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of insulating board to Romania, comprising 54% of total imports. The second position in the ranking was taken by Poland ($X), with a 20% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+26.5% per year) and China (-21.4% per year).

Import Prices by Country

In 2022, the average insulating board import price amounted to $X per cubic meter, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 20%. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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