Price for Chain and Parts Thereof, of Iron or Steel in Romania - 2023

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Romania (FOB) - 2023
2. Price for Chain and Parts Thereof, of Iron or Steel in Romania (CIF) - 2023
3. Exports of Chain and Parts Thereof, of Iron or Steel in Romania
4. Imports of Chain and Parts Thereof, of Iron or Steel in Romania

Price for Chain and Parts Thereof, of Iron or Steel in Romania (FOB) - 2023

The average export price for chain and parts thereof, of iron or steel stood at $12,193 per ton in December 2023, declining by -13.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 20% month-to-month. The export price peaked at $15,038 per ton in April 2023; however, from May 2023 to December 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($32,181 per ton), while the average price for exports to Bulgaria ($5,732 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in Romania (CIF) - 2023

In December 2023, the average import price for chain and parts thereof, of iron or steel amounted to $7,277 per ton, picking up by 12% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in January 2023 an increase of 28% m-o-m. Over the period under review, average import prices attained the maximum at $8,762 per ton in June 2023; however, from July 2023 to December 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($26,405 per ton), while the price for Turkey ($1,993 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Chain and Parts Thereof, of Iron or Steel in Romania

In 2022, approx. 5.1K tons of chain and parts thereof, of iron or steel were exported from Romania; increasing by 33% compared with the previous year. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 155%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of chain and parts thereof, of iron or steel soared to $55M in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 260%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Romania in 2022:

1. Germany (4.6K tons)
2. Italy (0.2K tons)
3. Switzerland (0.1K tons)
4. France (0.1K tons)

Imports of Chain and Parts Thereof, of Iron or Steel in Romania

In 2022, approx. 7.6K tons of chain and parts thereof, of iron or steel were imported into Romania; rising by 2.5% compared with 2021 figures. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of chain and parts thereof, of iron or steel expanded sharply to $51M in 2022. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 100% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Romania in 2022:

1. Germany (2830.0 tons)
2. China (1668.8 tons)
3. Turkey (821.1 tons)
4. Italy (616.8 tons)
5. Netherlands (280.3 tons)
6. Czech Republic (253.9 tons)
7. Slovenia (242.3 tons)
8. France (172.8 tons)
9. Lithuania (141.3 tons)
10. Poland (105.2 tons)
11. Hungary (89.0 tons)

Source: IndexBox Market Intelligence Platform