Romania - Iron Or Steel Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSteel Stranded Wire Price in Romania - 2023
Contents:
- Steel Stranded Wire Price in Romania (FOB) - 2023
- Steel Stranded Wire Price in Romania (CIF) - 2023
- Steel Stranded Wire Exports in Romania
- Steel Stranded Wire Imports in Romania
Steel Stranded Wire Price in Romania (FOB) - 2023
In June 2023, the average steel stranded wire export price amounted to $3,248 per ton, growing by 1.6% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 18% m-o-m. The export price peaked in June 2023.
Average prices varied somewhat for the major foreign markets. In June 2023, the countries with the highest prices were the United States ($3,598 per ton) and Italy ($3,560 per ton), while the average price for exports to Hungary ($2,656 per ton) and Slovakia ($2,764 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Steel Stranded Wire Price in Romania (CIF) - 2023
In June 2023, the average steel stranded wire import price amounted to $2,326 per ton, reducing by -14.6% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 22% m-o-m. The import price peaked at $2,724 per ton in May 2023, and then fell in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($4,134 per ton), while the price for Ukraine ($937 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Steel Stranded Wire Exports in Romania
Steel stranded wire exports from Romania rose modestly to 94K tons in 2022, surging by 2.9% compared with 2021. The total export volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 26%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, steel stranded wire exports soared to $280M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 40% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Steel Stranded Wire in Romania (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 39.4 | 31.2 | 49.2 | 61.8 | 16.2% |
United States | 18.7 | 19.4 | 35.0 | 46.1 | 35.1% |
Spain | 26.3 | 24.3 | 26.3 | 34.2 | 9.1% |
Italy | 16.7 | 19.0 | 22.2 | 30.0 | 21.6% |
Czech Republic | 18.9 | 15.7 | 22.7 | 27.5 | 13.3% |
Slovakia | 13.3 | 13.8 | 23.7 | 26.6 | 26.0% |
France | 13.7 | 8.8 | 11.6 | 9.6 | -11.2% |
Canada | 4.1 | 3.9 | 6.7 | 7.7 | 23.4% |
United Kingdom | 8.2 | 7.6 | 10.7 | 7.6 | -2.5% |
Hungary | 3.1 | 3.3 | 5.3 | 7.0 | 31.2% |
Serbia | 0.2 | 0.4 | 1.8 | 6.4 | 217.5% |
Poland | 3.6 | 2.4 | 5.9 | 6.1 | 19.2% |
Egypt | 8.6 | 6.2 | N/A | N/A | -27.9% |
Others | 18.6 | 11.6 | 14.1 | 9.8 | -19.2% |
Total | 193 | 168 | 235 | 280 | 13.2% |
Top Export Markets for Steel Stranded Wire from Romania in 2022:
- Germany (20.5K tons)
- United States (13.8K tons)
- Czech Republic (10.5K tons)
- Slovakia (10.3K tons)
- Spain (10.2K tons)
- Italy (8.9K tons)
- France (3.5K tons)
- United Kingdom (3.0K tons)
- Serbia (2.8K tons)
- Canada (2.7K tons)
- Hungary (2.6K tons)
- Poland (1.7K tons)
Steel Stranded Wire Imports in Romania
In 2022, steel stranded wire imports into Romania soared to 47K tons, rising by 33% on the year before. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.4% 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 +52.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, steel stranded wire imports surged to $110M in 2022. In general, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 48%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Import of Steel Stranded Wire in Romania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.8 | 11.0 | 18.5 | 26.5 | 50.3% |
Turkey | 4.4 | 4.7 | 8.0 | 14.1 | 47.4% |
South Korea | 7.9 | 6.4 | 11.0 | 13.8 | 20.4% |
Hungary | 10.3 | 8.2 | 11.8 | 11.4 | 3.4% |
Italy | 3.3 | 2.1 | 3.7 | 6.3 | 24.1% |
Germany | 2.9 | 2.4 | 4.4 | 6.0 | 27.4% |
Egypt | N/A | N/A | N/A | 4.7 | 0% |
Ukraine | 0.1 | 2.2 | 4.2 | 4.5 | 255.7% |
France | 2.9 | 1.7 | 3.8 | 4.2 | 13.1% |
Belarus | 8.5 | 6.8 | 7.0 | 3.9 | -22.9% |
Slovakia | 6.0 | 4.0 | 2.7 | 1.9 | -31.8% |
Others | 10.3 | 8.1 | 10.2 | 12.3 | 6.1% |
Total | 64.4 | 57.7 | 85.5 | 110 | 19.5% |
Top Suppliers of Steel Stranded Wire to Romania in 2022:
- China (8.7K tons)
- Turkey (7.2K tons)
- Hungary (7.2K tons)
- South Korea (4.9K tons)
- Italy (3.7K tons)
- Egypt (3.6K tons)
- Ukraine (2.8K tons)
- Germany (2.5K tons)
- Belarus (2.0K tons)
- France (1.2K tons)
- Slovakia (0.8K tons)
This report provides an in-depth analysis of the steel stranded wire market in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
Country coverage:
- Romania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Romania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the global steel stranded wire market.
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...