Romania: Rock Cutter Market 2024

Rock Cutter Market Size in Romania

The Romanian rock cutter market declined remarkably to $X in 2022, dropping by -46.1% against the previous year. In general, consumption continues to indicate a sharp reduction. Rock cutter consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Rock Cutter Production in Romania

In value terms, rock cutter production dropped slightly to $X in 2022 estimated in export price. In general, production continues to indicate a slight descent. The pace of growth appeared the most rapid in 2013 when the production volume increased by 45% 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.

Rock Cutter Exports

Exports from Romania

In 2022, approx. X units of coal or rock cutters and tunnelling machinery were exported from Romania; jumping by 2,200% compared with the previous year. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 22,300%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, rock cutter exports declined rapidly to $X in 2022. Overall, exports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 8,854% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hungary (X units) was the main destination for rock cutter exports from Romania, accounting for a 90% share of total exports. Moreover, rock cutter exports to Hungary exceeded the volume sent to the second major destination, Italy (X units), ninefold.

From 2013 to 2022, the average annual growth rate of volume to Hungary stood at +219.3%.

In value terms, Hungary ($X) remains the key foreign market for coal or rock cutters and tunnelling machinery exports from Romania, comprising 92% of total exports. The second position in the ranking was held by Italy ($X), with a 7.8% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Hungary amounted to +50.8%.

Export Prices by Country

In 2022, the average rock cutter export price amounted to $X per unit, with a decrease of -97.6% against the previous year. In general, the export price faced a precipitous contraction. The pace of growth was the most pronounced in 2021 an increase of 252%. As a result, the export price attained the peak level of $X per unit, and then dropped markedly in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Italy totaled $X per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-14.3%), while the prices for the other major destinations experienced a decline.

Rock Cutter Imports

Imports into Romania

In 2022, approx. X units of coal or rock cutters and tunnelling machinery were imported into Romania; with an increase of 219% compared with 2021. Overall, imports, however, saw a significant contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 336%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, rock cutter imports skyrocketed to $X in 2022. In general, imports, however, faced a sharp setback. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of rock cutter to Romania, accounting for a 57% share of total imports. Moreover, rock cutter imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. The third position in this ranking was held by Italy (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+18.6% per year) and Italy (+4.8% per year).

In value terms, Germany ($X) constituted the largest supplier of coal or rock cutters and tunnelling machinery to Romania, comprising 72% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by the Netherlands, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.3% per year) and the Netherlands (+3.0% per year).

Import Prices by Country

In 2022, the average rock cutter import price amounted to $X per unit, rising by 23% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 88%. The import price peaked at $X per unit in 2013; however, from 2014 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 Germany ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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