Romania: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Romania

The Romanian agricultural forestry machinery market rose significantly to $X in 2022, surging by 9.2% against the previous year. In general, consumption recorded a resilient expansion. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Agricultural Forestry Machinery Production in Romania

In value terms, agricultural forestry machinery production declined to $X in 2022 estimated in export price. Overall, production, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 140% against the previous year. Agricultural forestry machinery production peaked at $X in 2021, and then reduced in the following year.

Agricultural Forestry Machinery Exports

Exports from Romania

In 2022, shipments abroad of agricultural forestry machinery (lawn or sportsground rollers) decreased by -2% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, exports, however, saw a measured increase. The pace of growth was the most pronounced in 2018 when exports increased by 67% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, agricultural forestry machinery exports shrank modestly to $X in 2022. In general, exports, however, posted a temperate expansion. The growth pace was the most rapid in 2018 with an increase of 99%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Hungary (X units) was the main destination for agricultural forestry machinery exports from Romania, with a 36% share of total exports. Moreover, agricultural forestry machinery exports to Hungary exceeded the volume sent to the second major destination, Moldova (X units), twofold. The third position in this ranking was held by Poland (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary amounted to +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+24.1% per year) and Poland (+52.5% per year).

In value terms, Hungary ($X) emerged as the key foreign market for agricultural forestry machinery (lawn or sportsground rollers) exports from Romania, comprising 38% of total exports. The second position in the ranking was held by Poland ($X), with a 19% share of total exports. It was followed by Moldova, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+69.1% per year) and Moldova (+21.1% per year).

Export Prices by Country

In 2022, the average agricultural forestry machinery export price amounted to $X per unit, stabilizing at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 38%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports into Romania

In 2022, purchases abroad of agricultural forestry machinery (lawn or sportsground rollers) increased by 48% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 84% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, agricultural forestry machinery imports stood at $X in 2022. Overall, imports recorded strong growth. The pace of growth was the most pronounced in 2018 with an increase of 54% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Italy (X units), Bulgaria (X units) and Hungary (X units) were the main suppliers of agricultural forestry machinery imports to Romania, together comprising 49% of total imports. Germany, Poland, France, China, Ukraine, Austria, Japan, the Netherlands and the UK lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +49.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Hungary ($X) were the largest agricultural forestry machinery suppliers to Romania, with a combined 53% share of total imports. These countries were followed by Bulgaria, France, Poland, the Netherlands, Austria, China, Ukraine, Japan and the UK, which together accounted for a further 42%.

In terms of the main suppliers, Japan, with a CAGR of +36.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average agricultural forestry machinery import price amounted to $X per unit, falling by -24.5% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 an increase of 28% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then dropped rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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