Price for Steel, Alloy; Ingots and Other Primary Forms in Romania - 2023
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Romania (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in Romania (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Romania
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Romania
Price for Steel, Alloy; Ingots and Other Primary Forms in Romania (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $1,160 per ton in 2022, rising by 23% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. The growth pace was the most rapid in 2021 an increase of 28%. Over the period under review, average import prices hit record highs at $1,331 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Italy ($2,040 per ton), while the price for Poland ($1,001 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+1.4%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Alloy; Ingots and Other Primary Forms in Romania (FOB) - 2022
The average export price for steel, alloy; ingots and other primary formses stood at $7,601 per ton in 2022, surging by 101% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 294%. As a result, the export price reached the peak level of $16,070 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($17,912 per ton), while the average price for exports to Austria stood at $6,193 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+62.1%), while the prices for the other major destinations experienced a decline.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Romania
In 2022, the amount of steel, alloy; ingots and other primary formses imported into Romania shrank to 22K tons, which is down by -4.4% compared with the previous year. In general, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 19%.
In value terms, imports of steel, alloy; ingots and other primary formses soared to $26M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 8.3 | 6.9 | 13.4 | 14.5 | 20.4% |
| Austria | 4.7 | 3.9 | 4.0 | 8.7 | 22.8% |
| Czech Republic | 0.8 | 0.5 | 0.6 | 1.6 | 26.0% |
| Italy | 1.5 | 2.9 | 3.7 | 0.8 | -18.9% |
| Others | 1.8 | 0.2 | 0.1 | N/A | -76.4% |
| Total | 17.2 | 14.4 | 21.8 | 25.7 | 14.3% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Romania in 2022:
- Poland (14.5K tons)
- Austria (6.0K tons)
- Czech Republic (1.2K tons)
- Italy (0.4K tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in Romania
In 2022, approx. 283 kg of steel, alloy; ingots and other primary formses were exported from Romania; waning by -73.1% compared with the year before. In general, exports saw a sharp contraction. The pace of growth was the most pronounced in 2021 when exports increased by 105%.
In value terms, exports of steel, alloy; ingots and other primary formses shrank significantly to $2.2K in 2022. Over the period under review, exports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 297% against the previous year.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 66.8 | N/A | 4.0 | 1.5 | -71.8% |
| Czech Republic | N/A | N/A | N/A | 0.6 | 0% |
| Hungary | 1.8 | 1.0 | N/A | N/A | -44.4% |
| Turkey | 4.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 73.0 | 1.0 | 4.0 | 2.2 | -68.9% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Romania in 2022:
- Austria (249.0 kg)
- Czech Republic (34.0 kg)
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