Romania: Market for Air Conditioning Machines For Motor Vehicles 2024

Market Size for Air Conditioning Machines For Motor Vehicles in Romania

The Romanian market for air conditioning machines for motor vehicles was estimated at $X in 2022, increasing by 12% against the previous year. Over the period under review, consumption enjoyed buoyant growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Air Conditioning Machines For Motor Vehicles in Romania

In value terms, motor vehicle air conditioning machine production rose significantly to $X in 2022 estimated in export price. In general, production continues to indicate a prominent increase. The growth pace was the most rapid in 2017 with an increase of 134%. Motor vehicle air conditioning machine production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Romania

In 2022, overseas shipments of air conditioning machines for motor vehicles increased by 34% to X units, rising for the fifth year in a row after five years of decline. Overall, exports, however, saw a sharp decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 39%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, motor vehicle air conditioning machine exports soared to $X in 2022. In general, exports, however, recorded a sharp reduction. The growth pace was the most rapid in 2018 with an increase of 102% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Bulgaria (X units), Belgium (X units) and Serbia (X units) were the main destinations of motor vehicle air conditioning machine exports from Romania, together comprising 76% of total exports. These countries were followed by Turkey, the Netherlands, Greece, France, Hungary and Slovenia, which together accounted for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +111.2%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Belgium ($X) and Serbia ($X) were the largest markets for motor vehicle air conditioning machine exported from Romania worldwide, together accounting for 77% of total exports. These countries were followed by Turkey, the Netherlands, France, Greece, Hungary and Slovenia, which together accounted for a further 16%.

Among the main countries of destination, Greece, with a CAGR of +108.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for air conditioning machines for motor vehicles stood at $X per unit in 2022, reducing by -4.6% against the previous year. In general, the export price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 183% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Serbia ($X per unit), while the average price for exports to Greece ($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 Hungary (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Romania

Motor vehicle air conditioning machine imports into Romania declined to X units in 2022, with a decrease of -10.7% on the year before. In general, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 60%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, motor vehicle air conditioning machine imports rose modestly to $X in 2022. Over the period under review, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 104% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X units), Turkey (X units) and the Netherlands (X units) were the main suppliers of motor vehicle air conditioning machine imports to Romania, together comprising 60% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +138.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of air conditioning machines for motor vehicles to Romania, comprising 44% of total imports. The second position in the ranking was held by Turkey ($X), with an 11% share of total imports. It was followed by Israel, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +186.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-6.9% per year) and Israel (+39.3% per year).

Import Prices by Country

The average import price for air conditioning machines for motor vehicles stood at $X per unit in 2022, growing by 17% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motor vehicle air conditioning machine import price increased by +46.4% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 30%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :