Romania: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in Romania

The Romanian cranks and crankshafts market surged to $X in 2022, rising by 59% against the previous year. Overall, consumption, however, showed a noticeable shrinkage. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Cranks And Crankshafts Production in Romania

In value terms, cranks and crankshafts production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt descent. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cranks And Crankshafts Exports

Exports from Romania

After two years of decline, shipments abroad of cranks and crankshafts increased by 2.3% to X tons in 2022. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2015 with an increase of 41% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cranks and crankshafts exports totaled $X in 2022. Overall, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons), France (X tons) and Russia (X tons) were the main destinations of cranks and crankshafts exports from Romania, with a combined 63% share of total exports. Germany, Turkey, China and Italy lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +62.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cranks and crankshafts exported from Romania were Germany ($X), Austria ($X) and China ($X), with a combined 54% share of total exports.

In terms of the main countries of destination, China, with a CAGR of +64.7%, recorded the highest growth rate of 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 cranks and crankshafts export price stood at $X per ton in 2022, with an increase of 2.8% against the previous year. In general, the export price saw a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 74% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Austria ($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 Turkey (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks And Crankshafts Imports

Imports into Romania

In 2022, the amount of cranks and crankshafts imported into Romania declined to X tons, approximately mirroring 2021 figures. In general, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.5% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 23%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cranks and crankshafts imports fell to $X in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 28% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Spain (X tons) and Lithuania (X tons) were the main suppliers of cranks and crankshafts imports to Romania, with a combined 53% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +229.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and China ($X) appeared to be the largest cranks and crankshafts suppliers to Romania, with a combined 51% share of total imports. France, Lithuania, Hungary, Turkey and Italy lagged somewhat behind, together comprising a further 39%.

In terms of the main suppliers, Lithuania, with a CAGR of +174.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cranks and crankshafts import price stood at $X per ton in 2022, dropping by -4.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood 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 Italy ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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