Romania: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Romania

For the third year in a row, the Romanian trailer and semi-trailer market recorded growth in sales value, which increased by 11% to $X in 2022. In general, consumption recorded a prominent expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Trailer And Semi-Trailer Production in Romania

In value terms, trailer and semi-trailer production surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 67% against the previous year. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Trailer And Semi-Trailer Exports

Exports from Romania

In 2022, the amount of cargo trailers and semi-trailers exported from Romania soared to X units, rising by 48% compared with the previous year's figure. In general, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, trailer and semi-trailer exports soared to $X in 2022. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Moldova (X units), Belgium (X units) and Ukraine (X units) were the main destinations of trailer and semi-trailer exports from Romania, together accounting for 37% of total exports. Germany, Afghanistan, the UK, Hungary, Georgia, Bulgaria, Spain, Italy, Jordan and Austria lagged somewhat behind, together comprising a further 50%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +86.2%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for cargo trailers and semi-trailers exports from Romania, comprising 34% of total exports. The second position in the ranking was taken by Moldova ($X), with a 14% share of total exports. It was followed by Germany, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to the UK totaled +81.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+13.2% per year) and Germany (-0.4% per year).

Export Prices by Country

In 2022, the average trailer and semi-trailer export price amounted to $X per unit, which is down by -7.3% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, trailer and semi-trailer export price increased by +54.1% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 41%. 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Afghanistan ($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 Italy (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Romania

Trailer and semi-trailer imports into Romania surged to X units in 2022, with an increase of 21% compared with the year before. Over the period under review, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2018 when imports increased by 34%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, trailer and semi-trailer imports rose significantly to $X in 2022. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 36%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X units), Poland (X units) and the United States (X units) were the main suppliers of trailer and semi-trailer imports to Romania, with a combined 56% share of total imports. Austria, China, Turkey, the Netherlands, Bulgaria, Italy, Hungary, France, Sweden and Belgium lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +63.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of cargo trailers and semi-trailers to Romania, comprising 37% of total imports. The second position in the ranking was held by Poland ($X), with an 18% share of total imports. It was followed by the United States, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+21.6% per year) and the United States (+52.1% per year).

Import Prices by Country

In 2022, the average trailer and semi-trailer import price amounted to $X per unit, waning by -5.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 40%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform