Report Update Apr 1, 2024

Romania - Iron Ores - Market Analysis, Forecast, Size, Trends and Insights

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Romania: Iron Ore Market 2021

Iron Ore Market Size in Romania

In 2019, the Romanian iron ore market decreased by -X% to $X for the first time since 2015, thus ending a three-year rising trend. Overall, consumption saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Iron ore consumption peaked at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Iron Ore Exports

Exports from Romania

In 2019, the amount of iron ores exported from Romania contracted modestly to X tons, which is down by -X% compared with the previous year's figure. In general, exports, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

In value terms, iron ore exports reduced to $X in 2019. Overall, exports, however, recorded modest growth. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2014 to 2019, the growth exports failed to regain the momentum.

Exports by Country

China (X tons) was the main destination for iron ore exports from Romania, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to China stood at +X%.

From 2007 to 2019, the average annual growth rate of value to China totaled +X%.

Export Prices by Country

In 2019, the average iron ore export price amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the export price recorded a noticeable slump. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum at $X per ton in 2009; however, from 2010 to 2019, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2007 to 2019, the rate of growth in terms of prices for China amounted to -X% per year.

Iron Ore Imports

Imports into Romania

After two years of growth, overseas purchases of iron ores decreased by -X% to X tons in 2019. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, iron ore imports declined dramatically to $X in 2019. Over the period under review, imports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2014 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

Brazil (X tons), Turkey (X tons) and South Africa (X tons) were the main suppliers of iron ore imports to Romania, together accounting for X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey, while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), South Africa ($X) and Turkey ($X) appeared to be the largest iron ore suppliers to Romania, together comprising X% of total imports.

Among the main suppliers, South Africa (+X% per year) saw 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

The average iron ore import price stood at $X per ton in 2019, rising by X% against the previous year. Over the period under review, the import price recorded a notable expansion. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Canada ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Africa, while the prices for the other major suppliers experienced more modest paces of growth.

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Frequently Asked Questions (FAQ) :

What are the largest markets for iron ores in the world?

China remains the largest iron ore consuming country worldwide, comprising approx. 54% of total volume. Moreover, iron ore consumption in China exceeded the figures recorded by the second-largest consumer, India, eightfold. Australia ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of iron ores in the world?

The countries with the highest volumes of iron ore production in 2019 were Australia, Brazil and China, with a combined 70% share of global production.

What are the leading suppliers of iron ores to Romania?

In value terms, Brazil, South Africa and Turkey constituted the largest iron ore suppliers to Romania, with a combined 91% share of total imports.

What is the average export price for iron ores in Romania?

In 2019, the average iron ore export price amounted to $75 per ton, falling by -4.3% against the previous year.

What is the average import price for iron ores in Romania?

The average iron ore import price stood at $76 per ton in 2019, growing by 13% against the previous year.

This report provides an in-depth analysis of the iron ore 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 2025.

Product coverage:

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