Romania: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in Romania

The Romanian metal crown cork market declined remarkably to $X in 2022, with a decrease of X% against the previous year. In general, the total consumption indicated a modest 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 2020 indices. Metal crown cork consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Metal Crown Cork Production in Romania

In value terms, metal crown cork production declined modestly to $X in 2022 estimated in export price. In general, production showed a dramatic slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Metal Crown Cork Exports

Exports from Romania

In 2022, after two years of growth, there was significant decline in overseas shipments of iron or steel crown corks, when their volume decreased by X% to X units. Overall, exports, however, showed a notable expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then contracted rapidly in the following year.

In value terms, metal crown cork exports reduced rapidly to $X in 2022. In general, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell rapidly in the following year.

Exports by Country

Moldova (X units) was the main destination for metal crown cork exports from Romania, accounting for a X% share of total exports. Moreover, metal crown cork exports to Moldova exceeded the volume sent to the second major destination, Bulgaria (X units), fivefold. Hungary (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Moldova ($X) emerged as the key foreign market for iron or steel crown corks exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

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

Export Prices by Country

The average metal crown cork export price stood at $X per thousand units in 2022, with an increase of X% against the previous year. In general, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per thousand units in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per thousand units), while the average price for exports to Hungary ($X per thousand units) was amongst the lowest.

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

Metal Crown Cork Imports

Imports into Romania

Metal crown cork imports into Romania shrank dramatically to X units in 2022, with a decrease of X% against the year before. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, metal crown cork imports fell dramatically to $X in 2022. In general, total imports indicated mild growth 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

The Czech Republic (X units), Greece (X units) and Poland (X units) were the main suppliers of metal crown cork imports to Romania, together accounting for X% of total imports. Serbia, Hungary, Italy and Germany 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 Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of iron or steel crown corks to Romania, comprising X% of total imports. The second position in the ranking was taken by Greece ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and Poland (X% per year).

Import Prices by Country

The average metal crown cork import price stood at $X per thousand units in 2022, picking up by X% against the previous year. Overall, import price indicated modest growth 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, metal crown cork import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per thousand units), while the price for Greece ($X per thousand units) was amongst the lowest.

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

Source: IndexBox Platform

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