Romania: Market for Welded And Cold-Formed Sections Of Steel 2024

Market Size for Welded And Cold-Formed Sections Of Steel in Romania

The Romanian market for welded and cold-formed sections of steel expanded sharply to $X in 2022, increasing by 9.7% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Welded And Cold-Formed Sections Of Steel in Romania

In value terms, welded and cold-formed steel sections production totaled $X in 2022 estimated in export price. In general, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 104%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Welded And Cold-Formed Sections Of Steel

Exports from Romania

In 2022, approx. X tons of welded and cold-formed sections of steel were exported from Romania; waning by -16.9% on 2021. Over the period under review, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 59%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, welded and cold-formed steel sections exports dropped rapidly to $X in 2022. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 75%. As a result, the exports attained the peak of $X, and then shrank rapidly in the following year.

Exports by Country

France (X tons), Hungary (X tons) and Italy (X tons) were the main destinations of welded and cold-formed steel sections exports from Romania, together accounting for 56% of total exports. Finland, Bulgaria, Serbia, Slovakia and Germany lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +221.8%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Hungary ($X) constituted the largest markets for welded and cold-formed steel sections exported from Romania worldwide, together comprising 61% of total exports. Finland, Serbia, Germany, Slovakia and Bulgaria lagged somewhat behind, together comprising a further 32%.

Among the main countries of destination, Slovakia, with a CAGR of +220.9%, 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 export price for welded and cold-formed sections of steel amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 37%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Bulgaria ($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 Finland (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Welded And Cold-Formed Sections Of Steel

Imports into Romania

In 2022, supplies from abroad of welded and cold-formed sections of steel increased by 23% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 183% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, welded and cold-formed steel sections imports rose rapidly to $X in 2022. Overall, imports, however, showed a mild decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 147% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of welded and cold-formed steel sections to Romania, with a 44% share of total imports. Moreover, welded and cold-formed steel sections imports from Poland exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Bulgaria (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +32.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-21.6% per year) and Bulgaria (+11.1% per year).

In value terms, Poland ($X) constituted the largest supplier of welded and cold-formed sections of steel to Romania, comprising 39% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports. It was followed by Bulgaria, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-13.3% per year) and Bulgaria (+9.0% per year).

Import Prices by Country

The average import price for welded and cold-formed sections of steel stood at $X per ton in 2022, dropping by -11.3% against the previous year. Over the period under review, the import price, however, enjoyed a pronounced expansion. The growth pace was the most rapid in 2015 when the average import price increased by 116% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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