Price for Wire of Other Alloy Steel in Romania - 2023
Contents:
- Price for Wire of Other Alloy Steel in Romania (CIF) - 2023
- Price for Wire of Other Alloy Steel in Romania (FOB) - 2023
- Imports of Wire of Other Alloy Steel in Romania
- Exports of Wire of Other Alloy Steel in Romania
Price for Wire of Other Alloy Steel in Romania (CIF) - 2023
In August 2023, the average import price for wire of other alloy steels amounted to $1,358 per ton, with a decrease of -6.8% against the previous month. Over the period under review, the import price continues to indicate a mild decline. The most prominent rate of growth was recorded in January 2023 an increase of 8% against the previous month. The import price peaked at $1,696 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Turkey ($1,004 per ton), while the price for China ($995 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Romania (FOB) - 2023
The average export price for wire of other alloy steels stood at $1,052 per ton in August 2023, shrinking by -19.4% against the previous month. Overall, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 18% against the previous month. Over the period under review, the average export prices hit record highs at $2,556 per ton in January 2023; however, from February 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($14,261 per ton), while the average price for exports to the UK ($2,970 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in Romania
In 2022, purchases abroad of wire of other alloy steels decreased by -7.1% to 22K tons, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 117%. As a result, imports attained the peak of 26K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, wire of other alloy steel imports amounted to $35M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +25.0% 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 +95.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 87%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Wire of Other Alloy Steel in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1.0 | 4.3 | 9.1 | 10.5 | 119.0% |
| Italy | 3.2 | 2.8 | 4.6 | 5.4 | 19.1% |
| Czech Republic | 3.7 | 3.8 | 4.8 | 5.4 | 13.4% |
| China | 3.5 | 3.0 | 5.8 | 4.5 | 8.7% |
| Netherlands | 1.5 | 0.7 | 1.7 | 1.9 | 8.2% |
| France | 0.4 | 0.3 | 0.6 | 1.7 | 62.0% |
| Germany | 1.1 | 0.9 | 1.5 | 1.6 | 13.3% |
| Poland | 2.0 | 2.1 | 1.6 | 0.9 | -23.4% |
| Ukraine | 0.4 | 3.3 | 2.0 | 0.8 | 26.0% |
| North Macedonia | N/A | N/A | N/A | 0.6 | 0% |
| Japan | N/A | 11.9 | 1.1 | N/A | -90.8% |
| Others | 1.2 | 0.8 | 1.4 | 2.0 | 18.6% |
| Total | 18.1 | 33.9 | 34.1 | 35.4 | 25.1% |
Top Suppliers of Wire of Other Alloy Steel to Romania in 2022:
- Turkey (8.6K tons)
- Czech Republic (3.1K tons)
- China (3.1K tons)
- Italy (2.5K tons)
- Netherlands (1.0K tons)
- Ukraine (0.7K tons)
- Poland (0.5K tons)
- North Macedonia (0.5K tons)
- Germany (0.4K tons)
- France (0.3K tons)
Exports of Wire of Other Alloy Steel in Romania
Wire of other alloy steel exports from Romania fell rapidly to 1.2K tons in 2022, dropping by -17.9% compared with the previous year. Overall, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 122%. As a result, the exports attained the peak of 1.5K tons, and then reduced markedly in the following year.
In value terms, wire of other alloy steel exports reduced remarkably to $2.5M in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 212%. As a result, the exports attained the peak of $3M, and then contracted sharply in the following year.
| Export of Wire of Other Alloy Steel in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 138 | 350 | 462 | 607 | 63.8% |
| Poland | 615 | 305 | 2,019 | 557 | -3.2% |
| Italy | 181 | 32.0 | 95.3 | 400 | 30.3% |
| France | 48.3 | 57.0 | 83.1 | 231 | 68.5% |
| Serbia | 12.0 | 72.9 | 95.7 | 126 | 119.0% |
| Hungary | 1.8 | 11.4 | 0.2 | 96.5 | 277.1% |
| Greece | 5.0 | 1.9 | 69.5 | 75.0 | 146.6% |
| Others | 232 | 149 | 224 | 378 | 17.7% |
| Total | 1,234 | 979 | 3,050 | 2,470 | 26.0% |
Top Export Markets for Wire of Other Alloy Steel from Romania in 2022:
- Bulgaria (362.5 tons)
- Poland (296.8 tons)
- Italy (204.3 tons)
- France (124.1 tons)
- Hungary (61.5 tons)
- Serbia (51.6 tons)
- Greece (41.7 tons)
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