Romania: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in Romania

The Romanian aluminium alloy wire market fell to $X in 2022, remaining stable against the previous year. In general, consumption showed a pronounced decline. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Aluminium Alloy Wire Production in Romania

In value terms, aluminium alloy wire production reduced to $X in 2022 estimated in export price. Overall, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 108% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Aluminium Alloy Wire Exports

Exports from Romania

For the fourth year in a row, Romania recorded decline in overseas shipments of aluminium alloy wire, which decreased by -5.7% to X tons in 2022. Over the period under review, exports showed a precipitous setback. The growth pace was the most rapid in 2018 with an increase of 2,327%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, aluminium alloy wire exports fell notably to $X in 2022. In general, exports recorded a sharp contraction. The pace of growth was the most pronounced in 2018 with an increase of 2,390% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons), Hungary (X tons) and Peru (X tons) were the main destinations of aluminium alloy wire exports from Romania, together accounting for 91% of total exports. These countries were followed by Bulgaria, which accounted for a further 6%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +36.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for aluminium alloy wire exports from Romania, comprising 46% of total exports. The second position in the ranking was taken by Hungary ($X), with a 22% share of total exports. It was followed by Peru, with a 21% share.

From 2012 to 2022, the average annual growth rate of value to France totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-54.1% per year) and Peru (0.0% per year).

Export Prices by Country

In 2022, the average aluminium alloy wire export price amounted to $X per ton, shrinking by -85.3% against the previous year. Over the period under review, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 27%. As a result, the export price attained the peak level of $X per ton, and then dropped dramatically in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bulgaria ($X per ton) and France ($X per ton), while the average price for exports to Peru ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+2.1%), while the prices for the other major destinations experienced a decline.

Aluminium Alloy Wire Imports

Imports into Romania

In 2022, imports of aluminium alloy wire into Romania surged to X tons, with an increase of 44% compared with the previous year. Overall, imports enjoyed a slight expansion. The most prominent rate of growth was recorded in 2015 with an increase of 87% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aluminium alloy wire imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Hungary (X tons), France (X tons) and Poland (X tons) were the main suppliers of aluminium alloy wire imports to Romania, with a combined 72% share of total imports. Germany, Italy, Bulgaria, Slovenia, the UK, Spain and the Netherlands lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +72.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Hungary ($X) and Poland ($X) appeared to be the largest aluminium alloy wire suppliers to Romania, together comprising 71% of total imports.

In terms of the main suppliers, France, with a CAGR of +35.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aluminium alloy wire import price stood at $X per ton in 2022, dropping by -1.9% against the previous year. In general, the import price recorded a slight setback. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform