Romania: Shaft Coupling Market 2024

Shaft Coupling Market Size in Romania

After three years of growth, the Romanian shaft coupling market decreased by -0.9% to $X in 2022. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the market value increased by 9.4% against the previous year. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Shaft Coupling Production in Romania

In value terms, shaft coupling production amounted to $X in 2022 estimated in export price. In general, production, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2013 with an increase of 9.9% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Shaft Coupling Exports

Exports from Romania

In 2022, approx. X tons of clutches and shaft couplings were exported from Romania; rising by 92% against 2021. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 255%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, shaft coupling exports surged to $X in 2022. In general, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by 116%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for shaft coupling exports from Romania, with a 32% share of total exports. Moreover, shaft coupling exports to Germany exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), twofold. The Czech Republic (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +61.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+239.7% per year) and the Czech Republic (+95.9% per year).

In value terms, Taiwan (Chinese) ($X), Germany ($X) and Poland ($X) appeared to be the largest markets for shaft coupling exported from Romania worldwide, with a combined 59% share of total exports.

Taiwan (Chinese), with a CAGR of +285.1%, recorded the highest growth rate of 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

The average shaft coupling export price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

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 Poland ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Romania

In 2022, approx. X tons of clutches and shaft couplings were imported into Romania; standing approx. at 2021 figures. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 51% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, shaft coupling imports declined to $X in 2022. Overall, imports saw a resilient increase. The growth pace was the most rapid in 2021 with an increase of 57%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest shaft coupling supplier to Romania, accounting for a 53% share of total imports. Moreover, shaft coupling imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+31.3% per year) and Germany (+11.2% per year).

In value terms, China ($X) constituted the largest supplier of clutches and shaft couplings to Romania, comprising 56% of total imports. The second position in the ranking was held by Germany ($X), with an 8.5% share of total imports. It was followed by Spain, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +59.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.6% per year) and Spain (+18.7% per year).

Import Prices by Country

The average shaft coupling import price stood at $X per ton in 2022, dropping by -7.1% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, shaft coupling import price increased by +15.4% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of 61% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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