Romania: Metal Washer Market 2024

Metal Washer Market Size in Romania

The Romanian metal washer market was estimated at $X in 2021, with an increase of 7.4% against the previous year. In general, consumption, however, showed a slight setback. Metal washer consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Metal Washer Production in Romania

In value terms, metal washer production fell to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by 96%. Metal washer production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Metal Washer Exports

Exports from Romania

In 2021, overseas shipments of iron or steel washers decreased by -35.5% to X tons, falling for the third year in a row after three years of growth. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 85% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, metal washer exports declined dramatically to $X in 2021. Over the period under review, exports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2013 with an increase of 66% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for metal washer exports from Romania, accounting for a 64% share of total exports. Moreover, metal washer exports to Germany exceeded the volume sent to the second major destination, Russia (X tons), fourfold. South Africa (X tons) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+11.1% per year) and South Africa (+36.2% per year).

In value terms, Germany ($X) remains the key foreign market for iron or steel washers exports from Romania, comprising 62% of total exports. The second position in the ranking was taken by Russia ($X), with a 13% share of total exports. It was followed by Austria, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+4.4% per year) and Austria (-28.8% per year).

Export Prices by Country

In 2021, the average metal washer export price amounted to $X per ton, growing by 13% against the previous year. Overall, the export price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 73% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Serbia ($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 Serbia (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Washer Imports

Imports into Romania

In 2021, purchases abroad of iron or steel washers decreased by -2.7% to X tons, falling for the second year in a row after three years of growth. Over the period under review, total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -29.7% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 32% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, metal washer imports rose significantly to $X in 2021. In general, imports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2018 when imports increased by 19%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of metal washer to Romania, accounting for a 51% share of total imports. Moreover, metal washer imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+37.5% per year) and Italy (-4.2% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel washers to Romania, comprising 34% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by Italy, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.7% per year) and Italy (-5.4% per year).

Import Prices by Country

In 2021, the average metal washer import price amounted to $X per ton, rising by 10% against the previous year. Over the period under review, the import price, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2020 an increase of 13%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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