Romania: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in Romania

In 2022, after two years of growth, there was significant decline in the Romanian worked wax articles market, when its value decreased by X% to $X. In general, consumption, however, saw a significant increase. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Worked Wax Articles Production in Romania

In value terms, worked wax articles production soared to $X in 2022 estimated in export price. Over the period under review, production posted a resilient increase. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production hit record highs in 2022 and is likely to continue growth in years to come.

Worked Wax Articles Exports

Exports from Romania

For the third year in a row, Romania recorded growth in shipments abroad of worked articles of wax, which increased by X% to X units in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, worked wax articles exports contracted to $X in 2022. Over the period under review, total exports indicated a notable 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, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

Japan (X units) was the main destination for worked wax articles exports from Romania, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan was relatively modest.

In value terms, Japan ($X) emerged as the key foreign market for worked articles of wax exports from Romania.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan was relatively modest.

Export Prices by Country

The average worked wax articles export price stood at less than $X per unit in 2022, waning by X% against the previous year. In general, the export price continues to indicate a dramatic setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to X% per year.

Worked Wax Articles Imports

Imports into Romania

In 2022, the amount of worked articles of wax imported into Romania declined sharply to X units, dropping by X% on the previous year's figure. In general, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, worked wax articles imports surged to $X in 2022. Overall, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Poland (X units) constituted the largest worked wax articles supplier to Romania, accounting for a X% share of total imports. Moreover, worked wax articles imports from Poland exceeded the figures recorded by the second-largest supplier, Bulgaria (X units), threefold. Hungary (X units) 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 stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Hungary (X% per year).

In value terms, Belgium ($X), Poland ($X) and Croatia ($X) appeared to be the largest worked wax articles suppliers to Romania, with a combined X% share of total imports. Greece, Germany, Bulgaria, Italy, Hungary, the Czech Republic and Denmark lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, saw the highest growth rate of 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 worked wax articles import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price recorded a significant increase. The growth pace was the most rapid in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

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 Belgium ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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