Romania: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Romania

In 2021, the Romanian conveyor or transmission belt market decreased by -97.7% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption saw a significant decline. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Conveyor Or Transmission Belts Or Belting in Romania

In value terms, conveyor or transmission belt production skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2018 with an increase of 20% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Romania

In 2021, shipments abroad of conveyor or transmission belts or belting was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, conveyor or transmission belt exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for conveyor or transmission belt exports from Romania, with a 59% share of total exports. Moreover, conveyor or transmission belt exports to Germany exceeded the volume sent to the second major destination, Spain (X tons), fivefold. The third position in this ranking was taken by France (X tons), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+0.3% per year) and France (+26.9% per year).

In value terms, Germany ($X) remains the key foreign market for conveyor or transmission belts or belting exports from Romania, comprising 68% of total exports. The second position in the ranking was taken by Spain ($X), with a 4.2% share of total exports. It was followed by Belgium, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+1.8% per year) and Belgium (+3.9% per year).

Export Prices by Country

In 2021, the average conveyor or transmission belt export price amounted to $X per ton, surging by 5.8% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, conveyor or transmission belt export price increased by +18.9% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 36% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Romania

In 2021, purchases abroad of conveyor or transmission belts or belting increased by 34% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +42.1% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 39% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, conveyor or transmission belt imports soared to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and China (X tons) were the main suppliers of conveyor or transmission belt imports to Romania, together comprising 57% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +18.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of conveyor or transmission belts or belting to Romania, comprising 38% of total imports. The second position in the ranking was held by Hungary ($X), with a 15% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-0.5% per year) and Italy (+10.6% per year).

Import Prices by Country

In 2021, the average conveyor or transmission belt import price amounted to $X per ton, which is down by -7.4% against the previous year. Overall, the import price recorded a pronounced slump. The pace of growth was the most pronounced in 2016 an increase of 19%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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