Romania: Base Metal Clasp Market 2024

Base Metal Clasp Market Size in Romania

In 2022, the Romanian base metal clasp market decreased by X% to $X, falling for the fourth year in a row after three years of growth. Over the period under review, consumption continues to indicate a abrupt setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Base Metal Clasp Exports

Exports from Romania

In 2022, shipments abroad of articles such as clasps, frames with clasps, parts of base metal increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, base metal clasp exports expanded markedly to $X in 2022. In general, exports posted prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for base metal clasp exports from Romania, with a X% share of total exports. Moreover, base metal clasp exports to Germany exceeded the volume sent to the second major destination, Spain (X tons), twofold. The third position in this ranking was taken by Hungary (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Hungary (X% per year).

In value terms, the largest markets for base metal clasp exported from Romania were Germany ($X), Spain ($X) and Italy ($X), together accounting for X% of total exports. Hungary, the Czech Republic, France, Morocco, the UK, Slovakia, Belgium, Sweden, Turkey and Russia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Sweden, with a CAGR of X%, saw 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

In 2022, the average base metal clasp export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal clasp export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Clasp Imports

Imports into Romania

In 2022, the amount of articles such as clasps, frames with clasps, parts of base metal imported into Romania reduced to X tons, which is down by X% compared with 2021 figures. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, base metal clasp imports stood at $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of base metal clasp to Romania, accounting for a X% share of total imports. Moreover, base metal clasp imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

In value terms, Italy ($X) constituted the largest supplier of articles such as clasps, frames with clasps, parts of base metal to Romania, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average base metal clasp import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced curtailment. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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