Granules and powders of pig iron, spiegeleisen, iron or steel market in Romania

Earlier Report Observations

The market for iron and steel granules and powders in Romania experienced substantial growth in value between 2019 and 2024. The market size rose from 3 027 thousand US dollars in 2019 to 5 013 thousand in 2020 and then surged to 15 194 thousand by 2023. This expansion was supported by a recovery in production and an increase in import volumes, while exports showed considerable variability over the period.

Domestic production declined from 67 341 thousand US dollars in 2019 to 57 462 thousand in 2020 before rebounding strongly to 93 795 thousand in 2023 and moderating to 84 618 thousand in 2024. Imports more than doubled from 7 011 thousand in 2019 to 15 551 thousand in 2024, contributing to the market's growth. Exports remained high but fluctuated, peaking at 91 822 thousand in 2023 after a drop in 2020.

Production iron and steel granules and powders in Romania

In value, 2017-2020, K $ US

In 2020, Romania's output of granules and powders of pig iron, spiegeleisen, iron, or steel was valued at 57 462 thousand US dollars. This represented a significant year-over-year decline of 14.7%.

Annual dynamics of production in Romania in value, 2017-2020, K $ US

In kind, 2017-2020, t

Romania produced 34 762 tonnes of granules and powders of pig iron, spiegeleisen, iron, or steel in 2020. This marked a 15.4% decrease compared to 2019.

Annual dynamics of production in Romania in kind, 2017-2020, t

Exports iron and steel granules and powders from Romania

Exports in kind, t

Romania's exports of granules and powders of pig iron, spiegeleisen, iron, or steel declined for the second consecutive year. In 2020, exports totaled 40 878 tonnes, down 12.9% from the previous year. Over the period from 2017 to 2020, exports fell by 22%, equivalent to an annualized rate of 7.9%. The peak was recorded in 2018 at 56 582 tonnes, with the largest increase that year at 8.0%. The largest decline occurred in 2019, dropping by 17.1%.

Annual dynamics of product's exports from Romania in kind, 2017-2020, t

From 2017 to 2020, Germany, Italy, and Spain remained the top buyers of Romania's granules and powders of pig iron, spiegeleisen, iron, or steel in terms of volume. Germany accounted for 35.5% of exports, Italy for 20.2%, and Spain for 15.0%. Together, these three countries represented 70.7% of total export volumes.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Romania in kind, 2017-2020

Exports in value, K $ US

Romania's exports of granules and powders of pig iron, spiegeleisen, iron, or steel in value terms declined for the second year in a row. In 2020, exports amounted to 59 458 thousand US dollars, a 16.6% decrease from the previous year. Between 2017 and 2020, exports dropped by 20.2%, with a compound annual growth rate of -7.2%. The highest value was recorded in 2018 at 89 903 thousand US dollars, which saw the largest increase that year at 20.6%. The largest decline occurred in 2019, falling by 20.7%.

Annual dynamics of product's exports from Romania in value, 2017-2020, K $ US

From 2017 to 2020, Germany, Italy, and Spain continued to be the primary buyers of Romania's granules and powders of pig iron, spiegeleisen, iron, or steel in value terms. Germany held a 36.5% share of exports, Italy 22.2%, and Spain 13.2%. Collectively, these three countries made up 71.8% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Romania in value, 2017-2020

Imports iron and steel granules and powders to Romania

Imports in kind, t

Romania's imports of granules and powders of pig iron, spiegeleisen, iron, or steel in volume terms declined for the second consecutive year. In 2020, imports totaled 6 154 tonnes, a 2.3% decrease year-over-year. Over the period from 2017 to 2020, imports fell by 40.3%, with a compound annual growth rate of -15.8%. The peak was in 2018 at 11 612 tonnes, which saw the largest increase that year at 12.7%. The largest decline occurred in 2019, dropping by 45.7%.

Annual dynamics of product's imports to Romania in kind, 2017-2020, t

Throughout 2017 to 2020, Belgium, Sweden, and Germany formed the core group of suppliers for Romania's imports of granules and powders of pig iron, spiegeleisen, iron, or steel in volume terms. Belgium accounted for 26.5% of imports, Sweden for 16.8%, and Germany for 14.9%. Together, these three countries represented 58.2% of total import volumes.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Romania in kind, 2017-2020

Imports in value, K $ US

In 2020, Romania's imports of granules and powders of pig iron, spiegeleisen, iron, or steel in value terms totaled 7 010 thousand US dollars, remaining largely stable compared to 2019. Between 2017 and 2020, imports decreased by 37.5%, equivalent to an annualized rate of 14.5%. The highest value was recorded in 2018 at 13 689 thousand US dollars, which saw the largest increase that year at 22.1%. The largest decline occurred in 2019, falling by 48.8%.

Annual dynamics of product's imports to Romania in value, 2017-2020, K $ US

From 2017 to 2020, Belgium, Sweden, and Germany accounted for the largest share of Romania's imports of granules and powders of pig iron, spiegeleisen, iron, or steel in value terms. Belgium held a 29.6% share, Sweden 21.7%, and Germany 14.4%. Together, these three countries comprised 65.7% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Romania in value, 2017-2020