Romania: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Romania

For the sixth consecutive year, the Romanian iron or steel leaf-spring market recorded decline in sales value, which decreased by X% to $X in 2023. In general, consumption saw a dramatic downturn. Iron or steel leaf-spring consumption peaked at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Production of Iron or Steel Leaf-Springs and Leaves in Romania

In value terms, iron or steel leaf-spring production stood at $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Iron or steel leaf-spring production peaked at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Romania

In 2023, shipments abroad of iron or steel leaf-springs and leaves increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, exports continue to indicate mild growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, iron or steel leaf-spring exports soared to $X in 2023. Overall, total exports indicated a temperate expansion 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in years to come.

Exports by Country

Poland (X tons), Austria (X tons) and Germany (X tons) were the main destinations of iron or steel leaf-spring exports from Romania, with a combined X% share of total exports. The Netherlands, Italy, Spain and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel leaf-spring exported from Romania were Poland ($X), Austria ($X) and Germany ($X), with a combined X% share of total exports. The Netherlands, Italy, Spain and Turkey lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average iron or steel leaf-spring export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Austria ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Romania

In 2023, supplies from abroad of iron or steel leaf-springs and leaves decreased by X% to X tons, falling for the second consecutive year after six years of growth. In general, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, iron or steel leaf-spring imports dropped to $X in 2023. Over the period under review, total imports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Poland (X tons) constituted the largest supplier of iron or steel leaf-spring to Romania, accounting for a X% share of total imports. Moreover, iron or steel leaf-spring imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Hungary (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Hungary (X% per year).

In value terms, the largest iron or steel leaf-spring suppliers to Romania were Germany ($X), Poland ($X) and Belgium ($X), together comprising X% of total imports. Hungary, Italy, Turkey, Greece and the UK lagged somewhat behind, together comprising a further X%.

Greece, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2023, the average iron or steel leaf-spring import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild shrinkage. The import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform