Romania: Carbides Market 2024

Carbides Market Size in Romania

The Romanian carbides market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, saw a deep downturn. Carbides consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Carbides Production in Romania

In value terms, carbides production fell to $X in 2022 estimated in export price. Overall, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 14% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Carbides Exports

Exports from Romania

In 2022, shipments abroad of carbides decreased by -42.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 100% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, carbides exports stood at $X in 2022. Overall, exports recorded a perceptible decline. The pace of growth was the most pronounced in 2021 when exports increased by 146% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for carbides exports from Romania, with a 41% share of total exports. Moreover, carbides exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. Norway (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-2.0% per year) and Norway (+34.6% per year).

In value terms, Germany ($X) remains the key foreign market for carbides exports from Romania, comprising 44% of total exports. The second position in the ranking was taken by Norway ($X), with a 16% share of total exports. It was followed by Italy, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+43.8% per year) and Italy (+2.4% per year).

Export Prices by Country

The average carbides export price stood at $X per ton in 2022, picking up by 75% against the previous year. Overall, the export price enjoyed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Turkey ($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 Turkey (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Carbides Imports

Imports into Romania

In 2022, supplies from abroad of carbides increased by 0.8% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2016 when imports increased by 20% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, carbides imports totaled $X in 2022. Over the period under review, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest supplier of carbides to Romania, accounting for a 51% share of total imports. Moreover, carbides imports from Slovakia exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia amounted to -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (-12.4% per year) and Germany (+30.1% per year).

In value terms, Slovakia ($X), Bulgaria ($X) and Germany ($X) were the largest carbides suppliers to Romania, together accounting for 88% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +21.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average carbides import price stood at $X per ton in 2022, picking up by 12% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbides import price increased by +81.2% against 2017 indices. The growth pace was the most rapid in 2020 when the average import price increased by 29% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 China ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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