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Romania - Pig Iron And Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights
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Romania: Pig Iron Market Overview 2021

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Pig Iron Market Size in Romania

In 2020, the Romanian pig iron market decreased by -X% to $X, falling for the fourth year in a row after four years of growth. Overall, consumption saw a noticeable setback. The pace of growth appeared the most rapid in 2015 when the market value increased by X% year-to-year. Pig iron consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Pig Iron Production in Romania

In value terms, pig iron production reached $X in 2020 estimated in export prices. Over the period under review, production saw a abrupt contraction. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% year-to-year. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Pig Iron Exports

Exports from Romania

In 2020, overseas shipments of pig iron and spiegeleisen decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a perceptible setback. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, pig iron exports fell sharply to $X in 2020. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Bulgaria (X tonnes) was the main destination for pig iron exports from Romania, with a X% share of total exports. Moreover, pig iron exports to Bulgaria exceeded the volume sent to the second major destination, France (X tonnes), tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Bulgaria totaled -X%.

In value terms, Bulgaria ($X) remains the key foreign market for pig iron exports from Romania, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Bulgaria totaled -X%.

Export Prices by Country

The average pig iron export price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the export price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2011 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was France ($X per tonne), while the average price for exports to Bulgaria totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria.

Pig Iron Imports

Imports into Romania

After five years of growth, supplies from abroad of pig iron and spiegeleisen decreased by -X% to X tonnes in 2020. Over the period under review, imports showed a slight shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2010; however, from 2011 to 2020, imports remained at a lower figure.

In value terms, pig iron imports fell markedly to $X in 2020. In general, imports saw a mild curtailment. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2019, and then plummeted in the following year.

Imports by Country

In 2020, Serbia (X tonnes) constituted the largest pig iron supplier to Romania, with a X% share of total imports. Moreover, pig iron imports from Serbia exceeded the figures recorded by the second-largest supplier, Ukraine (X tonnes), threefold.

From 2007 to 2020, the average annual growth rate of volume from Serbia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-X% per year) and Slovakia (+X% per year).

In value terms, Serbia ($X), Ukraine ($X) and Slovakia ($X) constituted the largest pig iron suppliers to Romania, together accounting for X% of total imports.

In terms of the main suppliers, Slovakia recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2020, the average pig iron import price amounted to $X per tonne, reducing by -X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2015 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Slovakia ($X per tonne), while the price for Serbia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Slovakia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pig iron and spiegeleisen in the world?
+
The country with the largest volume of pig iron consumption was China (837M tonnes), comprising approx. 73% of total volume. Moreover, pig iron consumption in China exceeded the figures recorded by the second-largest consumer, India (81M tonnes), tenfold. South Korea (57M tonnes) ranked third in terms of total consumption with a 5% share.
What are the largest producers of pig iron and spiegeleisen in the world?
+
The country with the largest volume of pig iron production was China (832M tonnes), comprising approx. 73% of total volume. Moreover, pig iron production in China exceeded the figures recorded by the second-largest producer, India (82M tonnes), tenfold. The third position in this ranking was occupied by South Korea (57M tonnes), with a 5% share.
What are the leading suppliers of pig iron and spiegeleisen to Romania?
+
In value terms, the largest pig iron suppliers to Romania were Serbia ($5.5M), Ukraine ($3.6M) and Slovakia ($402K), together accounting for 97% of total imports.
What are the leading importers of pig iron and spiegeleisen from Romania?
+
In value terms, Bulgaria ($83K) remains the key foreign market for pig iron exports from Romania, comprising 81% of total exports. The second position in the ranking was occupied by France ($18K), with a 18% share of total exports.
What is the average export price for pig iron and spiegeleisen in Romania?
+
The average pig iron export price stood at $652 per tonne in 2020, increasing by 22% against the previous year.
What is the average import price for pig iron and spiegeleisen in Romania?
+
The average pig iron import price stood at $222 per tonne in 2020, shrinking by -9.6% against the previous year.

Product coverage:
• Prodcom 24101100 - Pig iron and spiegeleisen in pigs, blocks or other primary forms

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


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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