Romania: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Romania

In 2022, the Romanian market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a prominent expansion 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. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Romania

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles declined to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production of growth remained at a lower figure.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from Romania

In 2022, after two years of growth, there was decline in shipments abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Croatia (X tons), Hungary (X tons) and Germany (X tons) were the main destinations of exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Romania, with a combined X% share of total exports. Spain, Poland, the Czech Republic and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Hungary ($X) and Germany ($X) appeared to be the largest markets for glass fibre filament, roving, and staple glass fibre article exported from Romania worldwide, with a combined X% share of total exports. Spain, Poland, the Czech Republic and Austria lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, jumping by X% against the previous year. In general, the export price, however, showed a slight contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Spain ($X per ton) and Poland ($X per ton) were amongst the lowest.

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

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into Romania

In 2022, overseas purchases of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports of reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2022. Overall, total imports indicated a prominent expansion 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 2013 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of glass fibre filament, roving, and staple glass fibre article to Romania, accounting for a X% share of total imports. Moreover, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from China exceeded the figures recorded by the second-largest supplier, Egypt (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Romania, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

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

Import Prices by Country

The average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Egypt ($X per ton) was 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

Frequently Asked Questions (FAQ) :