Romania: Prepared Binders Market 2024

Prepared Binders Market Size in Romania

In 2022, the Romanian prepared binders market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Prepared Binders Exports

Exports from Romania

In 2022, overseas shipments of prepared binders for foundry moulds or cores increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports recorded buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, prepared binders exports contracted to $X in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

Italy (X tons) was the main destination for prepared binders exports from Romania, accounting for a X% share of total exports. Moreover, prepared binders exports to Italy exceeded the volume sent to the second major destination, Hungary (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at X%.

In value terms, Italy ($X) remains the key foreign market for prepared binders for foundry moulds or cores exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy stood at X%.

Export Prices by Country

The average prepared binders export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then shrank rapidly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Italy stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%).

Prepared Binders Imports

Imports into Romania

In 2022, supplies from abroad of prepared binders for foundry moulds or cores increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, prepared binders imports surged to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2014; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of prepared binders to Romania, accounting for a X% share of total imports. Moreover, prepared binders imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by the Czech Republic (X tons), with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of prepared binders for foundry moulds or cores to Romania, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with an X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The average prepared binders import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a measured expansion 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, prepared binders import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and the Czech Republic ($X per ton), while the price for Austria ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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