Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Romania - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Romania (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Romania (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Romania
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Romania
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Romania (CIF) - 2024
In January 2024, the average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $1,602 per ton, dropping by -16.3% against the previous month. Overall, the import price saw a mild setback. The pace of growth appeared the most rapid in December 2023 when the average import price increased by 19% month-to-month. The import price peaked at $2,080 per ton in February 2023; however, from March 2023 to January 2024, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2023 to January 2024, the rate of growth in terms of prices for Slovakia amounted to +8.5% per month.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Romania (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $2,887 per ton, increasing by 16% against the previous year. In general, the export price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 37% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
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 Serbia ($5,388 per ton), while the average price for exports to France ($1,683 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 Poland (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Romania
In 2022, approx. 83K tons of iron or non-alloy steel wire, plated or coated with non-zinc base metalses were imported into Romania; dropping by -9.1% on 2021. In general, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 68% against the previous year. As a result, imports reached the peak of 91K tons, and then fell in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses surged to $145M in 2022. Overall, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 with an increase of 95%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 57.5 | 34.8 | 76.8 | 77.7 | 10.6% |
| China | 6.3 | 7.3 | 13.6 | 33.4 | 74.4% |
| Slovakia | 7.8 | 5.3 | 11.3 | 12.7 | 17.6% |
| Czech Republic | 6.2 | 3.9 | 7.2 | 12.3 | 25.7% |
| Italy | 3.3 | 2.2 | 3.6 | 4.0 | 6.6% |
| Belarus | 7.7 | 8.3 | 9.5 | 2.7 | -29.5% |
| Others | 3.1 | 1.7 | 2.2 | 1.8 | -16.6% |
| Total | 91.7 | 63.6 | 124 | 145 | 16.5% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Romania in 2022:
- France (45.1K tons)
- China (18.2K tons)
- Slovakia (7.9K tons)
- Czech Republic (6.7K tons)
- Italy (2.2K tons)
- Belarus (2.1K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Romania
In 2022, shipments abroad of iron or non-alloy steel wire, plated or coated with non-zinc base metalses decreased by -40.7% to 2.3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 40%.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses declined markedly to $6.7M in 2022. Over the period under review, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 66% against the previous year.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.3 | 6.3 | 8.2 | 5.4 | 17.8% |
| Poland | N/A | N/A | N/A | 0.6 | 0% |
| Italy | N/A | 0.1 | 1.2 | 0.4 | 100.0% |
| Serbia | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Russia | 0.4 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.2 | N/A | 0.1 | -30.7% |
| Total | 4.1 | 6.7 | 9.7 | 6.7 | 17.8% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Romania in 2022:
- Germany (1807.4 tons)
- Poland (282.8 tons)
- Italy (137.0 tons)
- Serbia (35.3 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Romania.
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