Iron or steel springs and leaves for springs market in Romania

Earlier Report Observations

From 2019 to 2020, the market volume for iron or steel springs and leaves for springs in Romania declined by 22% to 10 031 t, driven by the global financial crisis and reduced demand across industrial sectors, compounded by high energy costs and intense international competition.

After stabilizing at 10 189 t in 2021, the market contracted sharply by 42% in 2022 to 5 951 t. This drop was primarily caused by the closure of the ArcelorMittal steel plant in Hunedoara, which reduced domestic steel production capacity, alongside soaring energy prices and pressure from cheap imports that undermined local manufacturers. Meanwhile, the entry of new players like AFV Beltrame Group through the acquisition of the former Târgoviște Special Steel Plant signaled ongoing restructuring in the sector.

Throughout 2023 and 2024, the steel industry continued to face production declines and economic pressures, although new investments in modernization and renewable energy were announced to cut costs. In 2024, U.S. export tariffs and competition from Chinese steel further challenged the sector, influencing trade flows and market dynamics.

Production iron or steel springs and leaves for springs in Romania

In value, 2017-2020, K $ US

In 2020, Romania's output of iron or steel springs and leaves for springs was valued at 12 171 thousand US dollars, marking a significant decline of 22.0% compared to 2019.

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

In kind, 2017-2020, t

In 2020, Romania produced 2 157 tonnes of iron or steel springs and leaves for springs, representing a year-over-year decrease of 21.7%.

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

Exports iron or steel springs and leaves for springs from Romania

Exports in kind, t

Romania's exports of iron or steel springs and leaves for springs declined for the third consecutive year. In 2020, exports reached 15 490 tonnes, showing a moderate contraction of 9.6% compared to the previous year. Between 2017 and 2020, exports decreased by 40.7%, which equates to an annualized rate of 16.0%.

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

From 2017 to 2020, three principal markets—Germany, Austria, and the Netherlands—together accounted for 63.1% of Romania's total exports in kind of iron or steel springs and leaves for springs.

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, M $ US

In 2020, Romania's cross-border shipments of iron or steel springs and leaves for springs amounted to 62.5 million US dollars, reflecting a loss of 5.1% compared to the previous year. Over the period 2017-2020, exports decreased by 5.1%, with a compound annual growth rate of 1.7%. The minimum value was recorded in 2018 at 60.7 million US dollars, while the maximum value was in 2019 at 65.9 million US dollars. The largest decline occurred in 2018 at 7.9%, and the largest increase was in 2019 at 8.6%.

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

From 2017 to 2020, the geographical structure of Romania's exports in value terms was highly diversified. Germany accounted for 29.8% of exports in value terms, Austria for 9.9%, and Poland for 9.6%, together making up only 49.2% of total flows. The remaining 50.8% was distributed among numerous smaller partner countries.

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 or steel springs and leaves for springs to Romania

Imports in kind, t

Romania's volume of iron or steel springs and leaves for springs imports declined for the second consecutive year. In 2020, import volume reached 23 364 tonnes, showing a drop of 14.2% year-over-year. Over the period 2017-2020, imports decreased by 18.5%, with a compound annual growth rate of 6.6%. The maximum value was recorded in 2018 at 30 045 tonnes, and the largest increase occurred in 2018 at 4.8%.

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

From 2017 to 2020, Germany, with 29.0% of imports in kind, Czechia with 13.2%, and Turkey with 11.5% were the main suppliers of iron or steel springs and leaves for springs to Romania, together comprising 53.7% of total imports in kind.

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, M $ US

Romania's imports of iron or steel springs and leaves for springs declined for the second consecutive year. In 2020, imports were recorded at 118.0 million US dollars, which is 9.7% less than in 2019. Over the period 2017-2020, imports decreased by 6.8%, with a compound annual growth rate of 2.3%. The maximum value was recorded in 2018 at 141.0 million US dollars, and the largest increase occurred in 2018 at 11.4%.

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

In 2017–2020, Germany accounted for 42.3% of Romania's imports in value terms, Czechia for 9.8%, and Italy for 9.2%, together comprising the largest share at 61.2% of total flows.

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

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