Romania: Cotton Fabric Market 2024

Cotton Fabric Market Size in Romania

In 2023, the Romanian cotton fabric market decreased by X% to $X, falling for the tenth consecutive year after two years of growth. In general, consumption saw a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Cotton Fabric Production in Romania

In value terms, cotton fabric production surged to $X in 2023 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. Cotton fabric production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

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Cotton Fabric Exports

Exports from Romania

In 2023, overseas shipments of woven fabrics of cotton decreased by X% to X square meters for the first time since 2019, thus ending a three-year rising trend. Overall, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X square meters in 2022, and then contracted in the following year.

In value terms, cotton fabric exports expanded to $X in 2023. In general, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the near future.

Exports by Country

Austria (X square meters) was the main destination for cotton fabric exports from Romania, accounting for a X% share of total exports. Moreover, cotton fabric exports to Austria exceeded the volume sent to the second major destination, Moldova (X square meters), ninefold. The third position in this ranking was taken by Albania (X square meters), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Austria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (X% per year) and Albania (X% per year).

In value terms, Austria ($X) remains the key foreign market for woven fabrics of cotton exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Moldova ($X), with a X% share of total exports. It was followed by Bulgaria, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Austria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (X% per year) and Bulgaria (X% per year).

Export Prices by Country

The average cotton fabric export price stood at $X per square meter in 2023, growing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2014 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per square meter), while the average price for exports to Belgium ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Fabric Imports

Imports into Romania

For the seventh consecutive year, Romania recorded decline in purchases abroad of woven fabrics of cotton, which decreased by X% to X square meters in 2023. Overall, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X square meters. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, cotton fabric imports dropped to $X in 2023. Over the period under review, imports saw a noticeable descent. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Italy (X square meters), Turkey (X square meters) and Germany (X square meters) were the main suppliers of cotton fabric imports to Romania, with a combined X% share of total imports. China, Belgium, Pakistan, Hungary, Austria, Poland, France, Spain and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of woven fabrics of cotton to Romania, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Turkey, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2023, the average cotton fabric import price amounted to $X per square meter, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per square meter in 2014; however, from 2015 to 2023, 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 Austria ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform