Romania: Wadding Market 2024

Wadding Market Size in Romania

The Romanian wadding market reduced dramatically to $X in 2022, waning by X% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Wadding Production in Romania

In value terms, wadding production surged to $X in 2022 estimated in export price. Overall, production recorded a deep slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Wadding production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Wadding Exports

Exports from Romania

In 2022, overseas shipments of wadding increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wadding exports surged to $X in 2022. Over the period under review, total exports indicated a pronounced 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Switzerland (X tons), Croatia (X tons) and Serbia (X tons) were the main destinations of wadding exports from Romania, together comprising X% of total exports. Bulgaria, Poland, the Netherlands, the United Arab Emirates, Hungary, Germany and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X,700.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wadding exported from Romania were Croatia ($X), Switzerland ($X) and Bulgaria ($X), together accounting for X% of total exports. Serbia, the Netherlands, Poland, the United Arab Emirates, Hungary, Germany and Turkey lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X,300.0%, 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 wadding export price amounted to $X per ton, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then fell modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Hungary ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wadding Imports

Imports into Romania

In 2022, imports of wadding into Romania expanded significantly to X tons, rising by X% on 2021 figures. Over the period under review, total imports indicated a buoyant 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 decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, wadding imports expanded to $X in 2022. Overall, imports saw strong growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

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

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

In value terms, Poland ($X), Thailand ($X) and Germany ($X) appeared to be the largest wadding suppliers to Romania, together comprising X% of total imports. Ukraine, Bulgaria, Turkey, Italy, France, Greece, Hungary, China, Russia and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Ukraine, with a CAGR of X%, saw 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

The average wadding import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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