Romania: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Romania

The Romanian market for vacuum pumps and air or gas compressors surged to $X in 2022, growing by 105% against the previous year. In general, consumption, however, saw a mild decrease. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Vacuum Pumps and Air or Gas Compressors in Romania

In value terms, production of vacuum pumps and air or gas compressors surged to $X in 2022 estimated in export price. Over the period under review, production, however, faced a deep slump. Production of peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Romania

In 2022, overseas shipments of vacuum pumps and air or gas compressors increased by 4.5% to X units, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when exports increased by 16%. Over the period under review, the exports of reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of vacuum pumps and air or gas compressors dropped to $X in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 19% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Slovakia (X units) and Hungary (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Romania, with a combined 44% share of total exports. France, Austria, the UK, Poland, Turkey, Kazakhstan, Italy, China and the United States lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of +1,935.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump and air or gas compressor exported from Romania were Germany ($X), France ($X) and Hungary ($X), with a combined 50% share of total exports. Austria, Slovakia, the UK, Poland, Italy, Kazakhstan, China, Turkey and the United States lagged somewhat behind, together comprising a further 42%.

Kazakhstan, with a CAGR of +1,612.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, with a decrease of -12.2% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 8.3%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Turkey ($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 France (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Romania

In 2022, imports of vacuum pumps and air or gas compressors into Romania expanded significantly to X units, surging by 13% compared with the previous year. The total import volume increased at an average annual rate of +6.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 24%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of vacuum pumps and air or gas compressors skyrocketed to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 31% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum pump and air or gas compressor to Romania, accounting for a 53% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Slovakia (X units), fivefold. The Czech Republic (X units) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+52.3% per year) and the Czech Republic (+11.0% per year).

In value terms, Slovakia ($X), China ($X) and the Czech Republic ($X) appeared to be the largest vacuum pump and air or gas compressor suppliers to Romania, together comprising 64% of total imports.

In terms of the main suppliers, Slovakia, with a CAGR of +66.8%, recorded 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

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, surging by 6.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 18% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :