Romania: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Romania

In 2023, after two years of growth, there was significant decline in the Romanian ferro-alloys market, when its value decreased by X% to $X. In general, the total consumption indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2022, and then dropped in the following year.

Ferro-Alloys Production in Romania

In value terms, ferro-alloys production soared to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Ferro-alloys production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Ferro-Alloys Exports

Exports from Romania

In 2023, the amount of ferro-alloys exported from Romania skyrocketed to X tons, jumping by X% on 2022 figures. Overall, exports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-alloys exports reached $X in 2023. Over the period under review, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for ferro-alloys exports from Romania, accounting for a X% share of total exports. Moreover, ferro-alloys exports to the Netherlands exceeded the volume sent to the second major destination, Moldova (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (X% per year) and Hong Kong SAR (X% per year).

In value terms, the largest markets for ferro-alloys exported from Romania were Slovakia ($X), the Netherlands ($X) and Moldova ($X), together accounting for X% of total exports.

Among the main countries of destination, Slovakia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ferro-alloys export price stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Alloys Imports

Imports into Romania

In 2023, ferro-alloys imports into Romania shrank remarkably to X tons, with a decrease of X% against 2022 figures. Overall, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, ferro-alloys imports reduced sharply to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then declined sharply in the following year.

Imports by Country

Italy (X tons), Ukraine (X tons) and the Netherlands (X tons) were the main suppliers of ferro-alloys imports to Romania, together accounting for X% of total imports. Slovenia, Poland, Germany, Bulgaria, Slovakia, South Korea and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Slovenia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Italy ($X) and Ukraine ($X) were the largest ferro-alloys suppliers to Romania, with a combined X% share of total imports. Slovenia, Poland, Germany, Slovakia, Bulgaria, South Korea and India lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Slovenia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average ferro-alloys import price amounted to $X per ton, rising by X% against the previous year. In general, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked in 2023 and is likely to see steady growth in years to come.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform