Romania: Non-Alloy Steel I-Sections Market 2024

Non-Alloy Steel I-Sections Market Size in Romania

In 2021, the Romanian non-alloy steel i-sections market decreased by -66.1% to $X, falling for the third year in a row after two years of growth. Overall, consumption faced a deep contraction. The most prominent rate of growth was recorded in 2018 when the market value increased by 9.6% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Non-Alloy Steel I-Sections Production in Romania

In value terms, non-alloy steel i-sections production dropped notably to $X in 2021 estimated in export price. In general, production faced a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 1.3% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Non-Alloy Steel I-Sections Exports

Exports from Romania

In 2021, shipments abroad of i-sections of non-alloy steel was finally on the rise to reach X tons after four years of decline. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 52% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-alloy steel i-sections exports surged to $X in 2021. In general, exports continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria (X tons), Hungary (X tons) and Italy (X tons) were the main destinations of non-alloy steel i-sections exports from Romania, with a combined 62% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +83.3%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Hungary ($X) and Italy ($X) appeared to be the largest markets for non-alloy steel i-sections exported from Romania worldwide, with a combined 62% share of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +89.5%, 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 2021, the average non-alloy steel i-sections export price amounted to $X per ton, growing by 59% against the previous year. Overall, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.3% 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 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 Moldova ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel I-Sections Imports

Imports into Romania

In 2021, the amount of i-sections of non-alloy steel imported into Romania surged to X tons, growing by 21% against 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 48% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, non-alloy steel i-sections imports skyrocketed to $X in 2021. Overall, imports posted pronounced growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), Spain (X tons) and Poland (X tons) were the main suppliers of non-alloy steel i-sections imports to Romania, with a combined 78% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +36.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alloy steel i-sections suppliers to Romania were Turkey ($X), Spain ($X) and Poland ($X), with a combined 75% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +36.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average non-alloy steel i-sections import price amounted to $X per ton, with an increase of 54% against the previous year. In general, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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