Romania: Winding Wire Market 2024

Winding Wire Market Size in Romania

The Romanian winding wire market rose slightly to $X in 2022, growing by 3.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +49.4% against 2019 indices. Winding wire consumption peaked in 2022 and is likely to continue growth in years to come.

Winding Wire Exports

Exports from Romania

In 2022, approx. X tons of winding wire for electrical purposes were exported from Romania; falling by -22.1% against the previous year. Over the period under review, exports, however, saw measured growth. The most prominent rate of growth was recorded in 2014 when exports increased by 135% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, winding wire exports declined sharply to $X in 2022. In general, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2014 when exports increased by 278%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Moldova (X tons), Italy (X tons) and Hungary (X tons) were the main destinations of winding wire exports from Romania, together accounting for 76% of total exports. Croatia, Slovakia, the Czech Republic, France and Germany lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +60.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for winding wire exported from Romania were Italy ($X), Moldova ($X) and Hungary ($X), with a combined 78% share of total exports. Croatia, Slovakia, France, Germany and the Czech Republic lagged somewhat behind, together comprising a further 9.2%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +57.3%, recorded the highest rates of growth with regard to 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

The average winding wire export price stood at $X per ton in 2022, picking up by 5% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire export price increased by +47.7% against 2018 indices. The growth pace was the most rapid in 2014 when the average export price increased by 61%. 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 Italy ($X per ton), while the average price for exports to Slovakia ($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 Italy (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Winding Wire Imports

Imports into Romania

In 2022, approx. X tons of winding wire for electrical purposes were imported into Romania; increasing by 9.4% against the previous year's figure. In general, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 +23.4% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 26%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, winding wire imports reduced slightly to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +46.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of winding wire imports to Romania, together accounting for 64% of total imports. Spain, Turkey, Austria, Sweden, Greece, India, Slovakia, France, Hungary and China lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +114.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest winding wire suppliers to Romania were Germany ($X), Italy ($X) and Poland ($X), together comprising 63% of total imports. Spain, Turkey, Austria, Sweden, Greece, India, Slovakia, France, Hungary and China lagged somewhat behind, together comprising a further 31%.

Slovakia, with a CAGR of +112.3%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average winding wire import price amounted to $X per ton, which is down by -9.7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 31% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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