Romania: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2024

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Romania

In 2021, the Romanian hot-rolled silico-manganese steel bar market decreased by -3.5% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, saw significant growth. Hot-rolled silico-manganese steel bar consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Romania

In 2021, overseas shipments of hot-rolled bars of silico-manganese steel decreased by -56.4% to X kg, falling for the second year in a row after four years of growth. Over the period under review, exports showed a sharp decline. The most prominent rate of growth was recorded in 2019 with an increase of 12,979%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, hot-rolled silico-manganese steel bar exports contracted sharply to $X in 2021. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2019 when exports increased by 16,251%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Moldova (X kg) was the main destination for hot-rolled silico-manganese steel bar exports from Romania, with a 70% share of total exports. Moreover, hot-rolled silico-manganese steel bar exports to Moldova exceeded the volume sent to the second major destination, Bulgaria (X kg), twofold.

From 2013 to 2021, the average annual growth rate of volume to Moldova was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-6.5% per year) and France (-71.8% per year).

In value terms, Moldova ($X) emerged as the key foreign market for hot-rolled bars of silico-manganese steel exports from Romania, comprising 67% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 33% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of value to Moldova was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+51.4% per year) and France (-58.1% per year).

Export Prices by Country

The average hot-rolled silico-manganese steel bar export price stood at $X per ton in 2021, rising by 68% against the previous year. Over the period under review, the export price showed significant growth. The most prominent rate of growth was recorded in 2020 an increase of 161% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+61.9%).

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Romania

In 2021, supplies from abroad of hot-rolled bars of silico-manganese steel decreased by -16.5% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 325% against the previous year. Imports peaked at X tons in 2020, and then contracted rapidly in the following year.

In value terms, hot-rolled silico-manganese steel bar imports expanded rapidly to $X in 2021. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 286%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest supplier of hot-rolled silico-manganese steel bar to Romania, with a 73% share of total imports. Moreover, hot-rolled silico-manganese steel bar imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic stood at +103.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+467.5% per year) and Italy (+18.7% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of hot-rolled bars of silico-manganese steel to Romania, comprising 67% of total imports. The second position in the ranking was held by Sweden ($X), with a 15% share of total imports. It was followed by Italy, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic totaled +83.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+513.0% per year) and Italy (+28.9% per year).

Import Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar import price amounted to $X per ton, surging by 35% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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