From 2013 to 2023, the Romanian market for iron or non-alloy steel wire containing more than 0.6% of carbon exhibited notable growth. In 2023, the market volume reached 133.25 million kilograms. The market saw fluctuations, with significant growth rates in 2014 and 2017 but also periods of decline, particularly from 2018 to 2020. Recent years have shown more stability, with consecutive modest increases in 2022 and 2023. The five-year CAGR of 2.07% reflects this growth dynamic.
Future trends to watch for include potential impacts of global supply chain shifts, advancements in manufacturing technologies, and evolving demand from industries relying on high-carbon steel wire. Monitoring these factors will be key for anticipating changes in market dynamics.
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 254,580,000 | 2023 | -0.32% | -1.93% | View data |
| 2 | 2 Romania | 133,250,000 | 2023 | +2.25% | +2.07% | |
| 3 | 3 Poland | 99,802,000 | 2023 | +2.74% | -0.63% | View data |
| 4 | 4 United Kingdom | 42,642,000 | 2023 | -3.47% | -2.9% | View data |
| 5 | 5 Lithuania | 9,658,200 | 2023 | +3.35% | +3.51% | View data |
