Romania: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Romania

In 2021, the Romanian silicon-electrical steel flat-rolled product 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, saw a mild curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Romania

In value terms, silicon-electrical steel flat-rolled product production reduced sharply to $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by 81% against the previous year. Silicon-electrical steel flat-rolled product production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Romania

After three years of decline, overseas shipments of flat-rolled products of silicon-electrical steel increased by 58% to X tons in 2021. In general, total exports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicon-electrical steel flat-rolled product exports surged to $X in 2021. Overall, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Turkey (X tons) and the Czech Republic (X tons) were the main destinations of silicon-electrical steel flat-rolled product exports from Romania, with a combined 55% share of total exports. These countries were followed by Hungary, Slovakia, Serbia, Germany, France, Italy and the UK, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +51.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silicon-electrical steel flat-rolled product exported from Romania were Poland ($X), Turkey ($X) and the Czech Republic ($X), with a combined 54% share of total exports. Hungary, Slovakia, Serbia, Germany, France, Italy and the UK lagged somewhat behind, together comprising a further 35%.

Germany, with a CAGR of +53.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silicon-electrical steel flat-rolled product export price stood at $X per ton in 2021, picking up by 52% against the previous year. In general, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and France ($X per ton), while the average price for exports to the Czech Republic ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Romania

In 2021, after three years of decline, there was significant growth in supplies from abroad of flat-rolled products of silicon-electrical steel, when their volume increased by 25% to X tons. Overall, imports enjoyed mild growth. The most prominent rate of growth was recorded in 2017 with an increase of 78%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, silicon-electrical steel flat-rolled product imports surged to $X in 2021. In general, imports recorded moderate growth. The most prominent rate of growth was recorded in 2017 with an increase of 126% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) was the main supplier of silicon-electrical steel flat-rolled product to Romania, with a 93% share of total imports. Moreover, silicon-electrical steel flat-rolled product imports from Turkey exceeded the figures recorded by the second-largest supplier, Austria (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +1.2%.

In value terms, Turkey ($X) constituted the largest supplier of flat-rolled products of silicon-electrical steel to Romania, comprising 92% of total imports. The second position in the ranking was held by Austria ($X), with a 7.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +2.1%.

Import Prices by Country

The average silicon-electrical steel flat-rolled product import price stood at $X per ton in 2021, surging by 39% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Turkey totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.9%).

Source: IndexBox Platform

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