Romania: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Romania

In 2021, the Romanian stainless steel angle market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, showed a abrupt decline. Stainless steel angle consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Stainless Steel Angle Production in Romania

In value terms, stainless steel angle production totaled $X in 2021 estimated in export price. Overall, production showed a sharp reduction. The growth pace was the most rapid in 2013 with a decrease of -36% against the previous year. Stainless steel angle production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Stainless Steel Angle Exports

Exports from Romania

In 2021, overseas shipments of angles, shapes and sections of stainless steel or other alloy steel increased by 1,432% to X tons, rising for the second consecutive year after three years of decline. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, stainless steel angle exports skyrocketed to $X in 2021. Overall, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Hungary (X tons) and Israel (X tons) were the main destinations of stainless steel angle exports from Romania, with a combined 92% share of total exports. These countries were followed by Croatia and Bulgaria, which together accounted for a further 3.2%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +3,649.4%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Hungary ($X) and Israel ($X) appeared to be the largest markets for stainless steel angle exported from Romania worldwide, with a combined 79% share of total exports. These countries were followed by Croatia and Bulgaria, which together accounted for a further 3%.

In terms of the main countries of destination, Croatia, with a CAGR of +3,611.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stainless steel angle export price stood at $X per ton in 2021, waning by -60.7% against the previous year. In general, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2019 an increase of 123% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Stainless Steel Angle Imports

Imports into Romania

After three years of decline, overseas purchases of angles, shapes and sections of stainless steel or other alloy steel increased by 25% to X tons in 2021. Overall, imports posted a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 112%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, stainless steel angle imports soared to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Bulgaria (X tons) constituted the largest supplier of stainless steel angle to Romania, accounting for a 44% share of total imports. Moreover, stainless steel angle imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Bulgaria stood at +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.1% per year) and Italy (+10.1% per year).

In value terms, Bulgaria ($X), Germany ($X) and Italy ($X) were the largest stainless steel angle suppliers to Romania, together comprising 63% of total imports. Poland, Sweden, Austria and Turkey lagged somewhat behind, together accounting for a further 30%.

Sweden, with a CAGR of +48.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average stainless steel angle import price amounted to $X per ton, jumping by 40% against the previous year. Over the period under review, the import price, however, showed a deep contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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