Romania: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Romania

In 2022, the Romanian wood-based panels market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption saw a slight decrease. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Wood-Based Panels Production in Romania

In value terms, wood-based panels production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Wood-Based Panels Exports

Exports from Romania

In 2022, the amount of wood-based panels exported from Romania contracted to X cubic meters, falling by X% on the previous year's figure. In general, exports recorded a slight setback. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wood-based panels exports totaled $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Italy (X cubic meters), China (X cubic meters) and Poland (X cubic meters) were the main destinations of wood-based panels exports from Romania, together accounting for X% of total exports. Serbia, Hungary, Bulgaria, Israel, the United States, Greece, Taiwan (Chinese), Turkey, Moldova and Slovakia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Italy ($X), Poland ($X) and China ($X) constituted the largest markets for wood-based panels exported from Romania worldwide, with a combined X% share of total exports. Serbia, Hungary, the United States, Bulgaria, Israel, Greece, Slovakia, Turkey, Moldova and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 wood-based panels export price amounted to $X per cubic meter, with an increase of X% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price 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, wood-based panels export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per cubic meter), while the average price for exports to Taiwan (Chinese) ($X per cubic meter) was amongst the lowest.

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

Wood-Based Panels Imports

Imports into Romania

In 2022, supplies from abroad of wood-based panels decreased by X% to X cubic meters, falling for the second year in a row after two years of growth. Overall, imports, however, recorded a strong increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, wood-based panels imports expanded sharply to $X in 2022. Over the period under review, total imports indicated a buoyant 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 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Poland (X cubic meters), Hungary (X cubic meters) and Germany (X cubic meters) were the main suppliers of wood-based panels imports to Romania, together accounting for X% of total imports. Turkey, Ukraine, Bulgaria, Austria, China, the Czech Republic, Slovakia, Cote d'Ivoire, Russia and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood-based panels suppliers to Romania were Poland ($X), Hungary ($X) and Germany ($X), together accounting for X% of total imports. Turkey, Ukraine, Austria, Bulgaria, China, Italy, the Czech Republic, Russia, Cote d'Ivoire and Slovakia lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 wood-based panels import price amounted to $X per cubic meter, surging by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked at $X per cubic meter in 2014; however, from 2015 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 Italy ($X per cubic meter), while the price for Slovakia ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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