Romania: Metal Hammer Market 2024

Metal Hammer Market Size in Romania

The Romanian metal hammer market rose rapidly to $X in 2022, with an increase of 5.1% against the previous year. In general, consumption recorded a prominent increase. Metal hammer consumption peaked in 2022 and is likely to see gradual growth in years to come.

Metal Hammer Production in Romania

In value terms, metal hammer production dropped notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a drastic downturn. The growth pace was the most rapid in 2021 when the production volume increased by 228% against the previous year. Metal hammer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Metal Hammer Exports

Exports from Romania

In 2022, shipments abroad of hammers and sledge hammers with working part of metal decreased by -49.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2014 with an increase of 583% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal hammer exports shrank markedly to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 397%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Hungary (X tons), Germany (X tons) and Moldova (X kg) were the main destinations of metal hammer exports from Romania, with a combined 65% share of total exports. Bulgaria, Israel, Poland, Slovakia, France and the Netherlands lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +37.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal hammer exported from Romania were Germany ($X), Israel ($X) and Hungary ($X), with a combined 67% share of total exports.

Israel, with a CAGR of +34.6%, recorded 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

In 2022, the average metal hammer export price amounted to $X per ton, surging by 30% against the previous year. Overall, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of 67%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady 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 Israel ($X per ton), while the average price for exports to Poland ($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 (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Hammer Imports

Imports into Romania

Metal hammer imports into Romania stood at X tons in 2022, growing by 2.3% against the year before. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% 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 +22.6% against 2020 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 79%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, metal hammer imports amounted to $X in 2022. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest metal hammer supplier to Romania, accounting for a 60% share of total imports. Moreover, metal hammer imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+4.1% per year) and Germany (+1.6% per year).

In value terms, China ($X) constituted the largest supplier of hammers and sledge hammers with working part of metal to Romania, comprising 44% of total imports. The second position in the ranking was held by Poland ($X), with a 14% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+8.0% per year) and Germany (+6.0% per year).

Import Prices by Country

The average metal hammer import price stood at $X per ton in 2022, picking up by 3.2% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal hammer import price increased by +114.6% against 2015 indices. The pace of growth appeared the most rapid in 2016 an increase of 41% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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