Romania: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in Romania

In 2022, the Romanian synthetic rubber market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a buoyant 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. Synthetic rubber consumption peaked in 2022 and is expected to retain growth in years to come.

Synthetic Rubber Production in Romania

In value terms, synthetic rubber production amounted to $X in 2022 estimated in export price. In general, production showed a deep setback. The most prominent rate of growth was recorded in 2021 with a decrease of X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Synthetic Rubber Exports

Exports from Romania

In 2022, the amount of synthetic rubber exported from Romania soared to X tons, rising by X% on the previous year's figure. In general, exports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, synthetic rubber exports soared to $X in 2022. Overall, exports, however, recorded a noticeable decrease. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), the UK (X tons) and Italy (X tons) were the main destinations of synthetic rubber exports from Romania, together comprising X% of total exports. Russia, Slovakia, Hungary, Portugal, the Czech Republic, Brazil, Bulgaria, Mexico, France and Spain lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for synthetic rubber exported from Romania were Germany ($X), the UK ($X) and Hungary ($X), together accounting for X% of total exports. Italy, Russia, Portugal, Slovakia, the Czech Republic, Mexico, Brazil, France, Spain and Bulgaria lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Portugal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average synthetic rubber export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Bulgaria ($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 Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Rubber Imports

Imports into Romania

In 2022, approx. X tons of synthetic rubber were imported into Romania; jumping by X% against the previous year. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume 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 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, synthetic rubber imports surged to $X in 2022. Overall, total imports indicated a temperate increase 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 pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest synthetic rubber supplier to Romania, with a X% share of total imports. Moreover, synthetic rubber imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest synthetic rubber suppliers to Romania were Russia ($X), Germany ($X) and Poland ($X), together accounting for X% of total imports. Belgium, Italy, Japan, Hungary, France, the Czech Republic, Thailand and South Korea lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Thailand, with a CAGR of X%, 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 2022, the average synthetic rubber import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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