Report Update: May 1, 2024

Romania - Hot-Rolled Wire Rod - Market Analysis, Forecast, Size, Trends and Insights

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Price for Hot-Rolled Wire Rod in Coils in Romania - 2023

Price for Hot-Rolled Wire Rod in Coils in Romania (CIF) - 2023

In December 2023, the average import price for hot-rolled wire rods in coils amounted to $637 per ton, leveling off at the previous month. Over the period under review, the import price, however, showed a mild descent. The growth pace was the most rapid in January 2023 when the average import price increased by 4.5% month-to-month. As a result, import price reached the peak level of $760 per ton. From February 2023 to December 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the countries with the highest prices were Italy ($788 per ton) and the Czech Republic ($778 per ton), while the price for Turkey ($607 per ton) and Ukraine ($630 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hot-Rolled Wire Rod in Coils in Romania (FOB) - 2023

The average export price for hot-rolled wire rods in coils stood at $715 per ton in December 2023, declining by -11% against the previous month. Overall, the export price recorded a pronounced decrease. The pace of growth was the most pronounced in October 2023 when the average export price increased by 32% month-to-month. As a result, the export price attained the peak level of $1,485 per ton. From November 2023 to December 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Hungary ($6,242 per ton), while the average price for exports to Poland ($695 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+16.7%), while the prices for the other major destinations experienced a decline.

Imports of Hot-Rolled Wire Rod in Coils in Romania

In 2022, imports of hot-rolled wire rods in coils into Romania totaled 739K tons, approximately reflecting the year before. The total import volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when imports increased by 14%. As a result, imports attained the peak of 757K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, hot-rolled wire rod in coils imports stood at $621M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Import of Hot-Rolled Wire Rod in Coils in Romania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	53.0	16.6	46.2	112	28.3%
Greece	71.3	75.7	124	104	13.4%
Ukraine	30.5	32.9	37.6	76.6	35.9%
Moldova	58.7	60.2	72.2	71.1	6.6%
Italy	22.0	35.3	57.7	51.3	32.6%
Czech Republic	16.7	32.4	35.8	37.2	30.6%
Bosnia and Herzegovina	39.0	55.2	67.7	30.7	-7.7%
Russia	26.4	23.3	44.2	21.2	-7.1%
Others	41.7	53.6	86.4	116	40.6%
Total	359	385	572	621	20.0%

Top Suppliers of Hot-Rolled Wire Rod in Coils to Romania in 2022:

Turkey (138.8K tons)
Greece (130.7K tons)
Ukraine (96.8K tons)
Moldova (91.5K tons)
Italy (59.6K tons)
Bosnia and Herzegovina (38.8K tons)
Czech Republic (37.1K tons)
Russia (26.7K tons)

Exports of Hot-Rolled Wire Rod in Coils in Romania

For the fourth year in a row, Romania recorded growth in shipments abroad of hot-rolled wire rods in coils, which increased by 375% to 29K tons in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hot-rolled wire rod in coils exports soared to $26M in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Hot-Rolled Wire Rod in Coils in Romania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	N/A	N/A	0.4	12.3	2975.0%
Hungary	N/A	N/A	2.6	5.0	92.3%
Bulgaria	0.7	0.7	1.6	2.9	60.6%
Netherlands	N/A	N/A	0.9	1.7	88.9%
Turkey	0.1	2.1	0.1	1.2	128.9%
Czech Republic	N/A	N/A	N/A	1.1	0%
Moldova	N/A	N/A	0.2	0.7	250.0%
Slovakia	N/A	0.3	N/A	0.7	52.8%
Others	0.2	0.6	0.3	0.3	14.5%
Total	1.1	3.7	6.2	25.9	186.6%

Top Export Markets for Hot-Rolled Wire Rod in Coils from Romania in 2022:

Poland (15.3K tons)
Hungary (5.3K tons)
Bulgaria (3.7K tons)
Czech Republic (1.2K tons)
Turkey (0.9K tons)
Netherlands (0.8K tons)
Moldova (0.8K tons)
Slovakia (0.7K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the hot-rolled wire rod market in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Prodcom 2410T231 - Hot-rolled wire rod

Country coverage:

Romania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Romania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023