Romania: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Romania

For the fifth consecutive year, the Romanian market for ribbed or other deformed wire rod of non-alloy steel recorded growth in sales value, which increased by 38% to $X in 2021. Over the period under review, consumption saw significant growth. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the immediate term.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from Romania

In 2021, approx. X tons of ribbed or other deformed wire rod of non-alloy steel were exported from Romania; growing by 606% compared with the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 941%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, deformed non-alloy steel wire rod exports soared to $X in 2021. In general, exports recorded a moderate expansion. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons), Hungary (X tons) and Poland (X tons) were the main destinations of deformed non-alloy steel wire rod exports from Romania, with a combined 99.9% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +112.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for deformed non-alloy steel wire rod exported from Romania were Bulgaria ($X), Hungary ($X) and Poland ($X), together accounting for 99.9% of total exports.

Among the main countries of destination, Poland, with a CAGR of +131.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, surging by 63% against the previous year. In general, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, deformed non-alloy steel wire rod export price increased by +38.9% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Hungary ($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 Poland (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into Romania

For the fifth consecutive year, Romania recorded growth in supplies from abroad of ribbed or other deformed wire rod of non-alloy steel, which increased by 2.5% to X tons in 2021. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2013 when imports increased by 71% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, deformed non-alloy steel wire rod imports skyrocketed to $X in 2021. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2018 with an increase of 76%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

Greece (X tons), Italy (X tons) and Bosnia and Herzegovina (X tons) were the main suppliers of deformed non-alloy steel wire rod imports to Romania, together comprising 75% of total imports.

From 2012 to 2021, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +302.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest deformed non-alloy steel wire rod suppliers to Romania were Greece ($X), Italy ($X) and Bosnia and Herzegovina ($X), together accounting for 75% of total imports.

Bosnia and Herzegovina, with a CAGR of +346.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 import price for ribbed or other deformed wire rod of non-alloy steel amounted to $X per ton, picking up by 54% against the previous year. Overall, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Bulgaria ($X per ton) and Greece ($X per ton), while the price for Russia ($X per ton) and Bosnia and Herzegovina ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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