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Romania - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights
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Romania: Synthetic Rubber Market Overview 2021

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Synthetic Rubber Market Size in Romania

In 2019, the Romanian synthetic rubber market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a remarkable increase. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Synthetic Rubber Exports

Exports from Romania

Synthetic rubber exports from Romania rose sharply to X tonnes in 2019, surging by X% compared with the previous year. In general, exports recorded buoyant growth. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. From 2012 to 2019, the growth exports remained at a lower figure.

In value terms, synthetic rubber exports totaled $X in 2019. Over the period under review, exports recorded a strong expansion. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Italy (X tonnes) was the main destination for synthetic rubber exports from Romania, with a X% share of total exports. Moreover, synthetic rubber exports to Italy exceeded the volume sent to the second major destination, Austria (X tonnes), threefold. Hungary (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Italy totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and Hungary (+X% per year).

In value terms, Italy ($X) remains the key foreign market for synthetic rubber exports from Romania, comprising X% of total exports. The second position in the ranking was occupied by Austria ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Italy amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and Hungary (+X% per year).

Export Prices by Country

The average synthetic rubber export price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Hungary ($X per tonne), while the average price for exports to Austria ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Hungary, while the prices for the other major destinations experienced a decline.

Synthetic Rubber Imports

Imports into Romania

Synthetic rubber imports into Romania was estimated at X tonnes in 2019, picking up by X% on 2018 figures. Over the period under review, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Imports peaked in 2019 and are expected to retain growth in the near future.

In value terms, synthetic rubber imports fell to $X in 2019. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

Russia (X tonnes), Germany (X tonnes) and the Czech Republic (X tonnes) were the main suppliers of synthetic rubber imports to Romania, with a combined X% share of total imports. These countries were followed by Hungary, Italy, Poland, Belgium, Japan, Indonesia, France and the U.S., which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic rubber suppliers to Romania were Russia ($X), Germany ($X) and the Czech Republic ($X), together accounting for X% of total imports. These countries were followed by Belgium, Hungary, Italy, Japan, Poland, France, Indonesia and the U.S., which together accounted for a further X the main suppliers, Indonesia (+X% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average synthetic rubber import price amounted to $X per tonne, reducing by -X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per tonne), while the price for the Czech Republic ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic rubber in the world?
+
China (6M tonnes) constituted the country with the largest volume of synthetic rubber consumption, accounting for 28% of total volume. Moreover, synthetic rubber consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (2.8M tonnes), twofold. Japan (1.2M tonnes) ranked third in terms of total consumption with a 5.5% share.
What are the largest producers of synthetic rubber in the world?
+
The countries with the highest volumes of synthetic rubber production in 2019 were the U.S. (3.1M tonnes), Japan (1.8M tonnes) and China (1.8M tonnes), with a combined 32% share of global production. South Korea, Russia, Thailand, Germany, Viet Nam, Indonesia, Mexico, France, Taiwan (Chinese) and Italy lagged somewhat behind, together comprising a further 44%.
What are the leading suppliers of synthetic rubber to Romania?
+
In value terms, the largest synthetic rubber suppliers to Romania were Russia ($79M), Germany ($69M) and the Czech Republic ($13M), together comprising 66% of total imports. These countries were followed by Belgium, Hungary, Italy, Japan, Poland, France, Indonesia and the U.S., which together accounted for a further 30%.
What are the leading importers of synthetic rubber from Romania?
+
In value terms, Italy ($11M) remains the key foreign market for synthetic rubber exports from Romania, comprising 63% of total exports. The second position in the ranking was occupied by Austria ($3.2M), with a 18% share of total exports. It was followed by Hungary, with a 7.7% share.
What is the average export price for synthetic rubber in Romania?
+
The average synthetic rubber export price stood at $2,861 per tonne in 2019, falling by -5.2% against the previous year.
What is the average import price for synthetic rubber in Romania?
+
In 2019, the average synthetic rubber import price amounted to $1,991 per tonne, with a decrease of -4.5% against the previous year.

Product coverage:
• Prodcom 20171050 - Synthetic latex rubber
• Prodcom 20171090 - Synthetic rubber (excluding latex)

This report provides an in-depth analysis of the synthetic rubber market in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Romania

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Romania
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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