The 2011 Import and Export Market for Iron and Steel Tube and Pipe Fittings in Romania by ICONGroup


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									   The 2011 Import and Export
    Market for Iron and Steel
    Tube and Pipe Fittings in

                         Professor Philip M. Parker, Ph. D.
                      Chaired Professor of Management Science
                    INSEAD (Singapore & Fontainebleau, France)                                      ©2011 ICON Group Ltd.

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                                About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.

Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.

                                 About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.

Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.                                                    ©2011 ICON Group Ltd.

                           About ICON Group Ltd.
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                                                 Contents        v

Table of Contents
1     INTRODUCTION AND METHODOLOGY                           7
2     ROMANIA AND THE WORLD MARKET                           9
    2.1    Imports in Romania in 2011                        9
    2.2    Exports from Romania in 2011                     10
3     IMPORTS IN ROMANIA                                    11
    3.1      Asia                                           11
       3.1.1    China                                       11
       3.1.2    Malaysia                                    12
       3.1.3    South Korea                                 13
    3.2      Europe                                         14
       3.2.1    Austria                                     14
       3.2.2    Bulgaria                                    15
       3.2.3    Croatia                                     16
       3.2.4    Czech Republic                              17
       3.2.5    Finland                                     18
       3.2.6    France                                      19
       3.2.7    Germany                                     20
       3.2.8    Greece                                      21
       3.2.9    Hungary                                     22
       3.2.10 Italy                                         23
       3.2.11 Norway                                        24
       3.2.12 Poland                                        25
       3.2.13 Portugal                                      26
       3.2.14 Russia                                        27
       3.2.15 Slovakia                                      28
       3.2.16 Slovenia                                      29
       3.2.17 Sweden                                        30
       3.2.18 Switzerland                                   31
    3.3      North America & the Caribbean                  32
       3.3.1    Canada                                      32
    3.4      the Middle East                                33
       3.4.1    Israel                                      33
       3.4.2    Turkey                                      34
4     EXPORTS FROM ROMANIA                                  35
    4.1      Africa                                         35
       4.1.1   Morocco                                      35
       4.1.2   Sudan                                        36
    4.2      Asia                                           37
       4.2.1   China                                        37
       4.2.2   India                                        38
       4.2.3   Malaysia                                     39
       4.2.4   Singapore                                    40
       4.2.5   South Korea                                  41
    4.3      Europe                                         42
       4.3.1   Austria                                      42
       4.3.2   Belgium                                      43
       4.3.3   Croatia                                      44
       4.3.4   France                                       45                      ©2011 ICON Group Ltd.
                                                           Contents        vi

       4.3.5    Germany                                               46
       4.3.6    Greece                                                47
       4.3.7    Hungary                                               48
       4.3.8    Italy                                                 49
       4.3.9    Poland                                                50
       4.3.10 Switzerland                                             51
       4.3.11 the Netherlands                                         52
       4.3.12 the United Kingdom                                      53
       4.3.13 Ukraine                                                 54
    4.4      Latin America                                            55
       4.4.1    Brazil                                                55
       4.4.2    Mexico                                                56
       4.4.3    Peru                                                  57
    4.5      North America & the Caribbean                            58
       4.5.1    Canada                                                58
       4.5.2    the United States                                     59
    4.6      the Middle East                                          60
       4.6.1    Azerbaijan                                            60
       4.6.2    Iran                                                  61
       4.6.3    Israel                                                62
       4.6.4    Jordan                                                63
       4.6.5    Oman                                                  64
       4.6.6    Qatar                                                 65
       4.6.7    Saudi Arabia                                          66
       4.6.8    Turkey                                                67
    5.1    Disclaimers & Safe Harbor                                  68
    5.2    ICON Group Ltd. User Agreement Provisions                  69                                ©2011 ICON Group Ltd.
                                             Iron and Steel Tube and Pipe Fittings in Romania     7

On the demand side, exporters and strategic planners focusing on iron and steel tube and pipe
fittings in Romania face a number of questions. Which countries are supplying iron and steel
tube and pipe fittings to Romania? How important is Romania compared to others in terms of the
entire global and regional market? How much do the imports of iron and steel tube and pipe
fittings vary from one country of origin to another in Romania? On the supply side, Romania
also exports iron and steel tube and pipe fittings. Which countries receive the most exports from
Romania? How are these exports concentrated across buyers? What is the value of these exports
and which countries are the largest buyers?

This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for iron and steel tube and pipe
fittings in Romania. With the globalization of this market, managers can no longer be contented
with a local view. Nor can managers be contented with out-of-date statistics which appear
several years after the fact. I have developed a methodology, based on macroeconomic and trade
models, to estimate the market for iron and steel tube and pipe fittings for those countries serving
Romania via exports, or supplying from Romania via imports. It does so for the current year
based on a variety of key historical indicators and econometric models.

In what follows, Chapter 2 begins by summarizing where Romania fits into the world market for
imported and exported iron and steel tube and pipe fittings. The total level of imports and exports
on a worldwide basis, and those for Romania in particular, is estimated using a model which
aggregates across over 150 key country markets and projects these to the current year. From
there, each country represents a percent of the world market. This market is served from a
number of competitive countries of origin. Based on both demand- and supply-side dynamics,
market shares by country of origin are then calculated across each country market destination.
These shares lead to a volume of import and export values for each country and are aggregated to
regional and world totals. In doing so, we are able to obtain maximum likelihood estimates of
both the value of each market and the share that Romania is likely to receive this year. From
these figures, rankings are calculated to allow managers to prioritize Romania compared to other
major country markets. In this way, all the figures provided in this report are forecasts that can
be combined with internal information sources for strategic planning purposes.

After the worldwide summary in Chapter 2 of both imports and exports of iron and steel tube and
pipe fittings, Chapter 3 goes into detail on imports, but for each major country of origin serving
Romania. A “major” market is defined as a country where Romania represents a substantially
large share of either imports or exports. For each major country exporting to Romania, one can
thus observe how important Romania is to that exporting country compared to other countries of
the world. Chapter 4 does the same, but for exports of iron and steel tube and pipe fittings
originating from Romania, for each major country of destination. In doing so, one can discover
the share that Romania has in each major market; this share value is often used as a measure of
competitiveness for Romania. In all cases, the total dollar volume and percentage share values by                                                        ©2011 ICON Group Ltd.
                                              Iron and Steel Tube and Pipe Fittings in Romania      8

major trading partner are provided. Combined, Chapters 3 and 4 present a the total picture for
imports and exports of iron and steel tube and pipe fittings to and from Romania to and from all
other major countries in the world. "Iron and Steel Tube and Pipe Fittings" as a category is
defined in this report following the definition given by the United Nations Statistics Division
Classification Registry using the Standard International Trade Classification, Revision 3 (SITC,
Rev. 3). The SITC code that defined "iron and steel tube and pipe fittings" is 6795 . For more
information on this definition, please refer to the following web site: .

This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at

Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.                                                         ©2011 ICON Group Ltd.
                                               Iron and Steel Tube and Pipe Fittings in Romania         9

2.1         IMPORTS IN ROMANIA IN 2011
           Imported Iron and Steel Tube and Pipe Fittings in Romania, 2011
                              (Structure of Foreign Import Competition)

Country of Origin             Rank         Value (000 US$)              % Share        Cumulative %
Italy                             1                    26,830               27.30                  27.30
Germany                           2                    16,628               16.92                  44.22
China                             3                    10,359               10.54                  54.76
France                            4                     6,419                6.53                  61.29
the United States                 5                     4,938                5.02                  66.32
South Korea                       6                     4,398                4.48                  70.79
Canada                            7                     3,816                3.88                  74.67
Austria                           8                     3,374                3.43                  78.11
Turkey                            9                     2,290                2.33                  80.44
Hungary                          10                     1,939                1.97                  82.41
Czech Republic                   11                     1,728                1.76                  84.17
the Netherlands                  12                     1,690                1.72                  85.89
the United Kingdom               13                     1,690                1.72                  87.61
Sweden                           14                     1,431                1.46                  89.06
Finland                          15                     1,397                1.42                  90.48
Bulgaria                         16                     1,317                1.34                  91.82
Norway                           17                     1,310                1.33                  93.16
Poland                           18                     1,177                1.20                  94.35
Greece                           19                       836                0.85                  95.21
Switzerland                      20                       794                0.81                  96.01
Slovenia                         21                       588                0.60                  96.61
Belgium                          22                       588                0.60                  97.21
Slovakia                         23                       581                0.59                  97.80
Spain                            24                       412                0.42                  98.22
Israel                           25                       339                0.34                  98.57
Japan                            26                       289                0.29                  98.86
Croatia                          27                       249                0.25                  99.11
Denmark                          28                       247                0.25                  99.36
Taiwan                           29                       220                0.22                  99.59
Malaysia                         30                       181                0.18                  99.77
Other                            31                       224                0.23                 100.00
Total                                                  98,279              100.00                 100.00
    Source: Philip M. PARKER, Professor, INSEAD, copyright 2011,                                                          ©2011 ICON Group Ltd.
                                               Iron and Steel Tube and Pipe Fittings in Romania       10

2.2         EXPORTS FROM ROMANIA IN 2011
          Iron and Steel Tube and Pipe Fittings Exports from Romania, 2011
Country of Destination        Rank         Value (000 US$)              % Share        Cumulative %
France                            1                    15,110               17.30                  17.30
Germany                           2                    14,311               16.39                  33.69
the United States                 3                    12,407               14.21                  47.90
Belgium                           4                     9,513               10.89                  58.79
Italy                             5                     6,486                7.43                  66.22
Saudi Arabia                      6                     4,652                5.33                  71.55
the United Kingdom                7                     4,167                4.77                  76.32
Sudan                             8                     2,211                2.53                  78.85
Canada                            9                     2,056                2.35                  81.20
Switzerland                      10                     1,964                2.25                  83.45
India                            11                     1,649                1.89                  85.34
Poland                           12                     1,397                1.60                  86.94
Singapore                        13                     1,344                1.54                  88.48
the Netherlands                  14                     1,337                1.53                  90.01
Hungary                          15                     1,321                1.51                  91.52
China                            16                     1,167                1.34                  92.86
Turkey                           17                     1,087                1.24                  94.11
Austria                          18                       932                1.07                  95.17
Iran                             19                       847                0.97                  96.14
Brazil                           20                       680                0.78                  96.92
South Korea                      21                       570                0.65                  97.57
Malaysia                         22                       442                0.51                  98.08
Mexico                           23                       362                0.41                  98.50
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