Romania: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Romania

In 2022, the Romanian market for turbo, rotary and reciporating displacement compressors increased by 183% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Romania

In value terms, production of turbo, rotary and reciporating displacement compressors surged to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt downturn. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Romania

In 2022, approx. X units of turbo, rotary and reciporating displacement compressors were exported from Romania; with an increase of 6.1% on 2021. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 13% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of turbo, rotary and reciporating displacement compressors declined to $X in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 18%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Slovakia (X units), Hungary (X units) and France (X units) were the main destinations of exports of turbo, rotary and reciporating displacement compressors from Romania, with a combined 49% share of total exports. Germany, Austria, the UK, Poland, Kazakhstan and the United States lagged somewhat behind, together comprising a further 44%.

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 +1,956.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Hungary ($X) appeared to be the largest markets for turbo, rotary and reciporating displacement compressor exported from Romania worldwide, with a combined 50% share of total exports. Austria, Slovakia, the UK, Poland, Kazakhstan and the United States lagged somewhat behind, together comprising a further 38%.

Among the main countries of destination, Kazakhstan, with a CAGR of +1,611.8%, 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 turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, falling by -12.7% against 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 2018 an increase of 7.6%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then contracted in the following year.

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 the United States ($X per unit), while the average price for exports to Kazakhstan ($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 (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Romania

Imports of turbo, rotary and reciporating displacement compressors into Romania soared to X units in 2022, rising by 57% on the year before. Over the period under review, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of turbo, rotary and reciporating displacement compressors surged to $X in 2022. Overall, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 54% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Slovakia (X units) constituted the largest supplier of turbo, rotary and reciporating displacement compressor to Romania, accounting for a 40% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from Slovakia exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), twofold. China (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Slovakia totaled +96.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+42.4% per year) and China (+10.1% per year).

In value terms, Slovakia ($X), the Czech Republic ($X) and Germany ($X) were the largest turbo, rotary and reciporating displacement compressor suppliers to Romania, together accounting for 74% of total imports.

Slovakia, with a CAGR of +101.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, declining by -6% against the previous year. Overall, the import price recorded a pronounced descent. The pace of growth appeared the most rapid in 2019 when the average import price increased by 9.6%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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