Romania: Non-Alloy Steel U-Section Market 2024

Non-Alloy Steel U-Section Market Size in Romania

In 2022, the Romanian non-alloy steel u-section market decreased by -32.1% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, continues to indicate prominent growth. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Non-Alloy Steel U-Section Production in Romania

In value terms, non-alloy steel u-section production contracted dramatically to $X in 2022 estimated in export price. In general, production, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 305%. As a result, production attained the peak level of $X, and then shrank dramatically in the following year.

Non-Alloy Steel U-Section Exports

Exports from Romania

Non-alloy steel u-section exports from Romania contracted to X tons in 2022, which is down by -6.4% on the year before. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by 65% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-alloy steel u-section exports stood at $X in 2022. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 42% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Turkey (X tons) and Hungary (X tons) were the main destinations of non-alloy steel u-section exports from Romania, with a combined 52% share of total exports. Serbia, Bulgaria, Croatia, Bosnia and Herzegovina, the Czech Republic, Germany and Austria lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +5.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Hungary ($X) and Bulgaria ($X) were the largest markets for non-alloy steel u-section exported from Romania worldwide, together accounting for 50% of total exports. Serbia, Turkey, Croatia, Bosnia and Herzegovina, the Czech Republic, Germany and Austria lagged somewhat behind, together accounting for a further 37%.

Bosnia and Herzegovina, with a CAGR of +10.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average non-alloy steel u-section export price amounted to $X per ton, rising by 16% against the previous year. In general, the export price continues to indicate notable growth. The pace of growth was the most pronounced in 2021 an increase of 67%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Turkey ($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 Germany (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel U-Section Imports

Imports into Romania

In 2022, supplies from abroad of u-sections of non-alloy steel increased by 2.5% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 29%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, non-alloy steel u-section imports soared to $X in 2022. Overall, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +91.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of non-alloy steel u-section to Romania, with a 66% share of total imports. Moreover, non-alloy steel u-section imports from Turkey exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. The third position in this ranking was taken by Germany (X tons), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +42.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-10.6% per year) and Germany (+4.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of u-sections of non-alloy steel to Romania, comprising 58% of total imports. The second position in the ranking was held by Poland ($X), with a 16% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +43.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-5.8% per year) and Germany (+7.0% per year).

Import Prices by Country

In 2022, the average non-alloy steel u-section import price amounted to $X per ton, with an increase of 15% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section import price increased by +74.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 52%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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