Romania: Market for Natural Rubber And Gums 2023

Market Size for Natural Rubber And Gums in Romania

In 2021, the Romanian natural rubber and gum market decreased by -9.2% to $X, falling for the fourth year in a row after two years of growth. In general, consumption, however, continues to indicate a abrupt setback. Natural rubber and gum consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Exports of Natural Rubber And Gums

Exports from Romania

In 2021, overseas shipments of natural rubber and gums increased by 134% to X kg for the first time since 2014, thus ending a six-year declining trend. Overall, exports, however, recorded a precipitous setback. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, natural rubber and gum exports surged to $X in 2021. In general, exports, however, continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2014 with an increase of 292%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X kg), the Czech Republic (X kg) and Poland (X kg) were the main destinations of natural rubber and gum exports from Romania, with a combined 91% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +1,300.0%), while the other leaders experienced mixed trend patterns.

In value terms, France ($X), the Czech Republic ($X) and Poland ($X) were the largest markets for natural rubber and gum exported from Romania worldwide, with a combined 93% share of total exports.

France, with a CAGR of +511.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average natural rubber and gum export price amounted to $X per ton, picking up by 38% against the previous year. Over the period under review, the export price saw a prominent increase. The growth pace was the most rapid in 2014 when the average export price increased by 98% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Moldova ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Rubber And Gums

Imports into Romania

In 2021, supplies from abroad of natural rubber and gums was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 154%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, natural rubber and gum imports contracted significantly to $X in 2021. Over the period under review, imports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 188%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the UK (X tons) and France (X tons) were the main suppliers of natural rubber and gum imports to Romania, together comprising 58% of total imports.

From 2012 to 2021, the biggest increases were in the UK (with a CAGR of +127.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest natural rubber and gum suppliers to Romania were Germany ($X), France ($X) and the Netherlands ($X), with a combined 49% share of total imports. These countries were followed by the UK, Belgium, the Czech Republic, Japan, Italy, Austria and Sweden, which together accounted for a further 45%.

The UK, with a CAGR of +139.0%, saw the highest rates of growth with regard to the value of imports, among 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 natural rubber and gum import price stood at $X per ton in 2021, waning by -32.1% against the previous year. In general, the import price, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2020 an increase of 95%. As a result, import price reached the peak level of $X per ton, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :