The Romanian market for iron or non-alloy steel wire containing more than 0.6% carbon has experienced fluctuating trends over the past decade. From 2013 to 2023, market value saw significant changes, peaking in 2014, followed by a downward trend, closing at 112.59 million euros in 2023. In recent years, the market has exhibited a decline with negative year-on-year growth in both 2022 and 2023. The five-year CAGR reflects a negative trend, showing an average annual decrease of 3.92%. This suggests a contraction in the market over the analyzed period.
Future trends to watch for include:
- Potential market recovery fueled by economic stabilization and demand in construction and manufacturing.
- Impact of global supply chain dynamics and steel production costs on prices and market value.
- Technological advancements in steel production processes that might affect market competitiveness and efficiency.
How does Romania rank in Iron or Non-Alloy Steel Wire Containing More than 0.6% of Carbon Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 411,920,000 | 2023 | +0.35% | +0.15% | View data |
| 2 | 2 Poland | 119,160,000 | 2023 | +2% | +1.01% | View data |
| 3 | 3 Romania | 112,590,000 | 2023 | -2.62% | -3.92% | |
| 4 | 4 United Kingdom | 76,839,000 | 2023 | +0.3% | -0.53% | View data |
| 5 | 5 Lithuania | 10,845,000 | 2023 | +4.5% | +3.44% | View data |
