Romania: Nickel Market 2024

Nickel Market Size in Romania

The Romanian nickel market expanded modestly to $X in 2022, surging by X% against the previous year. In general, the total consumption indicated buoyant growth 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, consumption decreased by X% against 2020 indices. Nickel consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Nickel Production in Romania

In value terms, nickel production expanded modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient expansion 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Nickel Exports

Exports from Romania

In 2022, shipments abroad of unwrought nickel decreased by X% to X kg, falling for the third consecutive year after two years of growth. Overall, exports showed a dramatic decline. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, nickel exports contracted significantly to $X in 2022. Over the period under review, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Hungary (X kg), Bulgaria (X kg) and France (X kg) were the main destinations of nickel exports from Romania, together comprising X% of total exports. Moreover, nickel exports in Hungary exceeded the figures recorded by the second-largest exporter, Bulgaria, twofold.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Hungary ($X) emerged as the key foreign market for unwrought nickel exports from Romania, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Slovakia (X% per year).

Export Prices by Country

The average nickel export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price faced a deep slump. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Bulgaria ($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 Italy (X%), while the prices for the other major destinations experienced a decline.

Nickel Imports

Imports into Romania

In 2022, after six years of decline, there was significant growth in supplies from abroad of unwrought nickel, when their volume increased by X% to X tons. Overall, imports enjoyed a slight increase. The growth pace was the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, nickel imports soared to $X in 2022. In general, imports posted notable growth. Imports peaked at $X in 2015; afterwards, it flattened through to 2022.

Imports by Country

The Netherlands (X tons), Italy (X tons) and Poland (X tons) were the main suppliers of nickel imports to Romania, together accounting for X% of total imports.

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

In value terms, the Netherlands ($X), Italy ($X) and Poland ($X) constituted the largest nickel suppliers to Romania, together comprising X% of total imports.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 nickel import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price showed a moderate expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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