Report Update: May 1, 2024

Romania - Iron Or Steel Wool - Market Analysis, Forecast, Size, Trends And Insights

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Metal Wool Price in Romania - 2023

Metal Wool Price in Romania (CIF) - 2023

The average metal wool import price stood at $3,904 per ton in July 2023, dropping by -30.5% against the previous month. Over the period under review, the import price recorded a noticeable downturn. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 35% month-to-month. As a result, import price reached the peak level of $6,163 per ton. From October 2022 to July 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Serbia ($10,180 per ton), while the price for China ($2,553 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Serbia (+0.2%), while the prices for the other major suppliers experienced a decline.

Metal Wool Price in Romania (FOB) - 2022

The average metal wool export price stood at $9,018 per ton in 2022, surging by 10% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal wool export price decreased by -27.1% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 185% against the previous year. As a result, the export price reached the peak level of $14,152 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($9,645 per ton), while the average price for exports to Montenegro ($5,355 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 Cyprus (+25.6%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Wool Imports in Romania

In 2022, purchases abroad of iron or steel wool was finally on the rise to reach 554 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal wool imports surged to $3M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Metal Wool in Romania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	946	833	1,023	1,134	6.2%
Poland	334	435	404	546	17.8%
Hungary	258	336	362	416	17.3%
Serbia	N/A	15.9	155	321	349.3%
Germany	131	88.9	137	174	9.9%
Italy	36.8	57.6	69.9	77.8	28.3%
Ukraine	1.3	1.8	32.8	37.2	205.9%
Others	168	202	185	296	20.8%
Total	1,875	1,970	2,370	3,003	17.0%

Top Suppliers of Metal Wool to Romania in 2022:

China (308.8 tons)
Poland (76.7 tons)
Hungary (50.7 tons)
Serbia (36.9 tons)
Germany (21.1 tons)
Italy (15.1 tons)
Ukraine (8.4 tons)

Metal Wool Exports in Romania

In 2022, after three years of growth, there was significant decline in overseas shipments of iron or steel wool, when their volume decreased by -24.5% to 5.3 tons. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 110% against the previous year. As a result, the exports reached the peak of 7.1 tons, and then declined sharply in the following year.

In value terms, metal wool exports fell sharply to $48K in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 58%. As a result, the exports reached the peak of $58K, and then fell sharply in the following year.

Export of Metal Wool in Romania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Moldova	8.8	11.3	12.1	21.9	35.5%
Hungary	16.1	18.6	31.5	14.9	-2.5%
Montenegro	N/A	0.8	2.9	3.8	117.9%
Bulgaria	1.8	1.5	1.5	1.9	1.8%
Cyprus	1.2	0.4	0.3	1.2	0.0%
France	N/A	N/A	4.5	0.1	-97.8%
Others	8.3	4.0	4.8	4.2	-20.3%
Total	36.3	36.5	57.6	48.1	9.8%

Top Export Markets for Metal Wool from Romania in 2022:

Moldova (2269.0 kg)
Hungary (1566.0 kg)
Montenegro (710.0 kg)
Bulgaria (330.0 kg)
Cyprus (168.0 kg)
France (20.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal wool market in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25991280 - Iron or steel wool, pot scourers and scouring or polishing pads, and gloves and the like

Country coverage:

Romania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Romania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023