Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Romania - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Romania (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Romania (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Romania
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Romania
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Romania (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $1,253 per ton in 2022, growing by 1.8% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s increased by +103.1% against 2015 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 28% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($3,612 per ton), while the price for the Czech Republic ($997 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Romania (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $2,784 per ton, remaining stable against the previous year. Overall, the export price continues to indicate a prominent increase. The growth pace was the most rapid in 2013 an increase of 96%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Hungary.
From 2012 to 2022, the rate of growth in terms of prices for Greece amounted to -11.2% per year.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Romania
In 2022, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s into Romania fell rapidly to 1.5K tons, dropping by -38.9% against the previous year. Over the period under review, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 35%.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s contracted notably to $1.8M in 2022. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 50%.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 930 | 498 | 711 | 1,046 | 4.0% |
| Hungary | 338 | 342 | 568 | 372 | 3.2% |
| Italy | 1,126 | 1,091 | 1,618 | 370 | -31.0% |
| Czech Republic | 103 | 5.3 | 30.5 | 33.4 | -31.3% |
| Germany | 498 | 18.3 | 0.1 | 1.2 | -86.6% |
| Austria | 130 | 1.9 | 5.2 | N/A | -80.0% |
| Others | 18.5 | 3.9 | 7.6 | 4.2 | -39.0% |
| Total | 3,143 | 1,960 | 2,940 | 1,827 | -16.5% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Romania in 2022:
- Poland (1017.0 tons)
- Italy (303.2 tons)
- Hungary (103.1 tons)
- Czech Republic (33.5 tons)
- Germany (0.4 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Romania
In 2022, shipments abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s decreased by 0% to 320 kg, falling for the second consecutive year after two years of growth. Overall, exports faced a precipitous contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 2,459% against the previous year. As a result, the exports attained the peak of 1.3K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s totaled $891 in 2022. Over the period under review, exports showed a dramatic descent. The growth pace was the most rapid in 2020 with an increase of 4,101%. As a result, the exports reached the peak of $1.5M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | N/A | N/A | N/A | 0.9 | 0% |
| Austria | 35.1 | N/A | N/A | N/A | 0% |
| Turkey | N/A | 1,473 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 35.1 | 1,473 | N/A | 0.9 | -70.5% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Romania in 2022:
- Hungary (320.0 kg)
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