Romania: Base Metal Hinge Market 2024

Base Metal Hinge Market Size in Romania

The Romanian base metal hinge market rose modestly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Base metal hinge consumption peaked in 2022 and is expected to retain growth in the immediate term.

Base Metal Hinge Production in Romania

In value terms, base metal hinge production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Base Metal Hinge Exports

Exports from Romania

In 2022, the amount of base metal hinges exported from Romania dropped to X tons, with a decrease of X% on the year before. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, base metal hinge exports dropped notably to $X in 2022. Overall, exports, however, saw a prominent increase. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for base metal hinge exports from Romania, accounting for a X% share of total exports. Moreover, base metal hinge exports to Italy exceeded the volume sent to the second major destination, Morocco (X tons), twofold. The third position in this ranking was held by Russia (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Russia (X% per year).

In value terms, Italy ($X) remains the key foreign market for base metal hinges exports from Romania, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and France (X% per year).

Export Prices by Country

The average base metal hinge export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.

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 Bulgaria ($X per ton), while the average price for exports to Colombia ($X 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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Hinge Imports

Imports into Romania

In 2022, approx. X tons of base metal hinges were imported into Romania; which is down by X% against the previous year. In general, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, base metal hinge imports reduced modestly to $X in 2022. Over the period under review, total imports indicated a resilient 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 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Turkey (X tons), China (X tons) and Italy (X tons) were the main suppliers of base metal hinge imports to Romania, together accounting for X% of total imports. Germany, the Czech Republic, Austria and Poland lagged somewhat behind, together comprising a further X%.

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

In value terms, Turkey ($X), Italy ($X) and Germany ($X) were the largest base metal hinge suppliers to Romania, together accounting for X% of total imports. China, Austria, the Czech Republic and Poland lagged somewhat behind, together accounting for a further X%.

Austria, with a CAGR of X%, saw 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 base metal hinge import price amounted to $X per ton, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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