Romania: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in Romania

The Romanian non-malleable cast iron articles market fell to $X in 2022, declining by -5.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt setback. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Romania

In 2022, non-malleable cast iron articles exports from Romania shrank notably to X tons, falling by -28.7% on 2021 figures. Over the period under review, exports faced a deep downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 29% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-malleable cast iron articles exports dropped markedly to $X in 2022. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 46% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for non-malleable cast iron articles exports from Romania, with a 56% share of total exports. Moreover, non-malleable cast iron articles exports to Germany exceeded the volume sent to the second major destination, Hungary (X tons), threefold. The third position in this ranking was held by Slovenia (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-3.2% per year) and Slovenia (-56.4% per year).

In value terms, Germany ($X) remains the key foreign market for articles of non-malleable cast iron exports from Romania, comprising 59% of total exports. The second position in the ranking was held by Hungary ($X), with a 16% share of total exports. It was followed by Slovenia, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+0.5% per year) and Slovenia (-44.2% per year).

Export Prices by Country

In 2022, the average non-malleable cast iron articles export price amounted to $X per ton, picking up by 6.7% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-malleable cast iron articles export price increased by +62.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 27%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Non-Malleable Cast Iron

Imports into Romania

Non-malleable cast iron articles imports into Romania dropped to X tons in 2022, with a decrease of -5.3% compared with 2021 figures. Over the period under review, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2019 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles imports shrank to $X in 2022. Overall, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 when imports increased by 9.7%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), Bulgaria (X tons) and Poland (X tons) were the main suppliers of non-malleable cast iron articles imports to Romania, together comprising 56% of total imports. Turkey, Ukraine, Germany, France, Brazil, China, Italy, Hungary, Spain and Austria lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +112.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-malleable cast iron articles suppliers to Romania were the Czech Republic ($X), Bulgaria ($X) and France ($X), with a combined 44% share of total imports. Poland, Italy, Germany, Ukraine, Turkey, China, Brazil, Hungary, Austria and Spain lagged somewhat behind, together accounting for a further 45%.

In terms of the main suppliers, Ukraine, with a CAGR of +87.4%, recorded the highest growth rate of 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 non-malleable cast iron articles import price stood at $X per ton in 2022, falling by -6.9% against the previous year. In general, the import price saw a noticeable decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by 46% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Austria ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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