Report Update: Apr 1, 2024

Romania - Iron or Steel Wire Products - Market Analysis, Forecast, Size, Trends And Insights

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Price for Iron or Steel Wire Product in Romania - 2023

Price for Iron or Steel Wire Product in Romania (CIF) - 2023

In July 2023, the average import price for iron or steel wire products amounted to $2,257 per ton, falling by -16.6% against the previous month. In general, import price indicated slight growth from July 2022 to July 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, iron or steel wire product import price decreased by -16.6% against June 2023 indices. The growth pace was the most rapid in January 2023 when the average import price increased by 67% m-o-m. As a result, import price attained the peak level of $3,468 per ton. From February 2023 to July 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($5,072 per ton), while the price for France ($873 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 Germany (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel Wire Product in Romania (FOB) - 2022

The average export price for iron or steel wire products stood at $2,850 per ton in 2021, reducing by -15.2% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The pace of growth was the most pronounced in 2020 an increase of 146%. As a result, the export price reached the peak level of $3,360 per ton, and then reduced markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($4,211 per ton), while the average price for exports to Serbia ($626 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Wire Product in Romania

Iron or steel wire product imports into Romania expanded rapidly to 15K tons in 2022, picking up by 10% on the year before. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 135%. As a result, imports attained the peak of 23K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, iron or steel wire product imports rose significantly to $35M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 65% against the previous year. As a result, imports attained the peak of $39M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Iron or Steel Wire Product in Romania (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Croatia	4.8	4.3	8.3	31.5%
France	2.9	21.5	4.6	25.9%
Germany	4.0	3.6	4.2	2.5%
Italy	2.1	1.8	2.5	9.1%
Czech Republic	1.2	1.4	2.2	35.4%
Sweden	1.3	1.3	1.5	7.4%
Cyprus	N/A	N/A	0.8	0%
Others	7.5	5.4	7.6	0.7%
Total	23.9	39.4	31.7	15.2%

Top Suppliers of Iron or Steel Wire Product to Romania in 2022:

Croatia (4.7K tons)
France (3.3K tons)
Germany (0.9K tons)
Czech Republic (0.8K tons)
Italy (0.7K tons)
Sweden (0.7K tons)
Cyprus (0.5K tons)

Exports of Iron or Steel Wire Product in Romania

In 2022, exports of iron or steel wire products from Romania contracted to 6.7K tons, which is down by -6.9% compared with 2021. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 50% against the previous year.

In value terms, iron or steel wire product exports surged to $26M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.2% 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 +73.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Export of Iron or Steel Wire Product in Romania (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
France	4.8	7.8	9.5	40.7%
Germany	3.9	3.7	3.5	-5.3%
Italy	0.5	0.7	1.6	78.9%
Hungary	1.4	0.5	1.1	-11.4%
Poland	0.1	0.1	0.4	100.0%
Serbia	0.1	N/A	0.4	100.0%
North Macedonia	N/A	N/A	0.2	0%
Israel	0.3	N/A	0.1	-42.3%
Croatia	0.3	0.1	N/A	-66.7%
Others	3.5	3.1	3.8	4.2%
Total	14.8	16.1	20.5	17.7%

Top Export Markets for Iron or Steel Wire Product from Romania in 2022:

France (2247.6 tons)
Hungary (1765.6 tons)
Germany (1026.0 tons)
Serbia (616.2 tons)
Italy (409.7 tons)
Poland (201.8 tons)
North Macedonia (155.6 tons)
Croatia (64.0 tons)
Israel (48.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron or steel wire product 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 25992925 - Finished products of iron/steel wire, snares, traps, etc., fodder ties, animal nose rings, mattress hooks, butchers

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