Romania: Sisal Binder Market 2024

Sisal Binder Market Size in Romania

The Romanian sisal binder market dropped significantly to $X in 2022, falling by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a mild expansion. Sisal binder consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Sisal Binder Exports

Exports from Romania

In 2022, approx. X kg of sisal binder or baler (agricultural) twines were exported from Romania; with a decrease of X% compared with 2021. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, sisal binder exports shrank sharply to $X in 2022. Overall, exports saw a precipitous contraction. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X kg), Hungary (X kg) and Spain (X kg) were the main destinations of sisal binder exports from Romania, with a combined X% 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 Italy (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Italy ($X) remains the key foreign market for sisal binder or baler (agricultural) twines exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports.

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

Export Prices by Country

The average sisal binder export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price recorded a pronounced setback. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Hungary ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sisal Binder Imports

Imports into Romania

In 2022, overseas purchases of sisal binder or baler (agricultural) twines decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Overall, imports, however, saw modest growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sisal binder imports dropped significantly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Bangladesh (X tons) constituted the largest sisal binder supplier to Romania, with a X% share of total imports. Moreover, sisal binder imports from Bangladesh exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by China (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bangladesh totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

In value terms, Bangladesh ($X), Italy ($X) and Austria ($X) constituted the largest sisal binder suppliers to Romania, together accounting for X% of total imports. China, Belgium, Germany and Hungary lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average sisal binder import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price, however, continues to indicate a slight decrease. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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