Romania: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Romania

The Romanian air conditioning machine market expanded remarkably to $X in 2021, growing by 11% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Air conditioning machine consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Air Conditioning Machine Production in Romania

In value terms, air conditioning machine production reduced to $X in 2021 estimated in export price. In general, production showed a noticeable curtailment. The pace of growth was the most pronounced in 2020 with an increase of 32% against the previous year. Air conditioning machine production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Air Conditioning Machine Exports

Exports from Romania

In 2021, shipments abroad of air conditioning machines increased by 46% to X units, rising for the fourth year in a row after five years of decline. Overall, exports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by 93%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, air conditioning machine exports skyrocketed to $X in 2021. In general, exports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2018 with an increase of 80%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Bulgaria (X units), Norway (X units) and Germany (X units) were the main destinations of air conditioning machine exports from Romania, together comprising 47% of total exports. Hungary, Slovakia, Moldova, Greece, Italy, Lithuania, Poland, Slovenia, Belgium and Spain lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +128.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for air conditioning machine exported from Romania were Bulgaria ($X), Norway ($X) and Hungary ($X), with a combined 42% share of total exports. Germany, Italy, Moldova, Slovakia, Lithuania, Poland, Greece, Slovenia, Belgium and Spain lagged somewhat behind, together accounting for a further 48%.

Slovakia, with a CAGR of +125.4%, recorded the highest rates of growth with regard to the value of exports, among 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 2021, the average air conditioning machine export price amounted to $X per unit, increasing by 3.7% against the previous year. In general, the export price posted a resilient increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 122%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Romania

Air conditioning machine imports into Romania rose markedly to X units in 2021, picking up by 14% on 2020. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2020 when imports increased by 36% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, air conditioning machine imports skyrocketed to $X in 2021. Overall, imports recorded a strong increase. The growth pace was the most rapid in 2014 with an increase of 38% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of air conditioning machine to Romania, with a 63% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. Turkey (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.7% per year) and Turkey (+13.8% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machine to Romania, comprising 49% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports. It was followed by Turkey, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.3% per year) and Turkey (+16.8% per year).

Import Prices by Country

In 2021, the average air conditioning machine import price amounted to $X per unit, rising by 14% against the previous year. In general, the import price, however, showed a pronounced curtailment. The growth pace was the most rapid in 2014 when the average import price increased by 19% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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