Romania: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Romania

The Romanian iron or steel leaf-spring market shrank rapidly to $X in 2022, with a decrease of -34.6% against the previous year. In general, consumption saw a deep setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in Romania

In value terms, iron or steel leaf-spring production contracted modestly to $X in 2022 estimated in export price. Overall, production showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 37% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Romania

In 2022, overseas shipments of iron or steel leaf-springs and leaves increased by 11% to X tons, rising for the second year in a row after three years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 76% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel leaf-spring exports surged to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 77%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Austria (X tons), Poland (X tons) and Germany (X tons) were the main destinations of iron or steel leaf-spring exports from Romania, together accounting for 64% of total exports. The Netherlands, Italy, Spain, France and Turkey lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +135.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and the Netherlands ($X) constituted the largest markets for iron or steel leaf-spring exported from Romania worldwide, together accounting for 61% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +140.3%, saw the highest growth rate of 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 2022, the average iron or steel leaf-spring export price amounted to $X per ton, increasing by 3.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Austria ($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 (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Romania

In 2022, approx. X tons of iron or steel leaf-springs and leaves were imported into Romania; which is down by -5.9% against 2021. Over the period under review, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2021 with an increase of 81%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, iron or steel leaf-spring imports dropped to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.8% 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 +31.4% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 36%. Over the period under review, imports attained the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of iron or steel leaf-spring to Romania, accounting for a 53% share of total imports. Moreover, iron or steel leaf-spring imports from Poland exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. Hungary (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +41.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+15.4% per year) and Hungary (+26.3% per year).

In value terms, Poland ($X), Germany ($X) and Belgium ($X) appeared to be the largest iron or steel leaf-spring suppliers to Romania, with a combined 72% share of total imports. Hungary, Italy, Turkey and Bulgaria lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, Bulgaria, with a CAGR of +50.2%, 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 more modest paces of growth.

Import Prices by Country

The average iron or steel leaf-spring import price stood at $X per ton in 2022, with an increase of 5.3% against the previous year. Over the period under review, the import price, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2020 an increase of 14% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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