Romania: Stranded Wire Market 2024

Stranded Wire Market Size in Romania

In 2022, after two years of growth, there was decline in the Romanian stranded wire market, when its value decreased by X% to $X. In general, consumption, however, showed a mild shrinkage. Stranded wire consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Stranded Wire Production in Romania

In value terms, stranded wire production contracted remarkably to $X in 2022 estimated in export price. Overall, production recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Stranded Wire Exports

Exports from Romania

In 2022, approx. X tons of stranded wire, ropes and cables were exported from Romania; picking up by X% on 2021 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, stranded wire exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), the United States (X tons) and Slovakia (X tons) were the main destinations of stranded wire exports from Romania, together comprising X% of total exports. The Czech Republic, Spain, Italy, France, Hungary, Serbia, Canada, the UK and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stranded wire exported from Romania were Germany ($X), the United States ($X) and Spain ($X), with a combined X% share of total exports. Italy, Slovakia, the Czech Republic, France, Hungary, Poland, Canada, the UK and Serbia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Serbia, with a CAGR of X%, 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 stranded wire export price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Stranded Wire Imports

Imports into Romania

In 2022, the amount of stranded wire, ropes and cables imported into Romania soared to X tons, with an increase of X% on the previous year's figure. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, stranded wire imports skyrocketed to $X in 2022. Overall, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Turkey (X tons) and Hungary (X tons) were the main suppliers of stranded wire imports to Romania, together accounting for X% of total imports. South Korea, Italy, Egypt, Ukraine, Germany, Belarus, France and Slovakia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Italy ($X) constituted the largest stranded wire suppliers to Romania, with a combined X% share of total imports. South Korea, France, Hungary, Germany, Egypt, Ukraine, Belarus and Slovakia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Egypt, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average stranded wire import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then contracted slightly 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 France ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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