Romania: Dairy Machinery Market 2024

Dairy Machinery Market Size in Romania

The Romanian dairy machinery market fell notably to $X in 2022, dropping by -65.2% against the previous year. Over the period under review, consumption faced a abrupt downturn. Dairy machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Dairy Machinery Production in Romania

In value terms, dairy machinery production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Dairy Machinery Exports

Exports from Romania

In 2022, shipments abroad of dairy machinery increased by 131% to X units, rising for the second year in a row after two years of decline. In general, exports continue to indicate a strong increase. The growth pace was the most rapid in 2016 with an increase of 583% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, dairy machinery exports surged to $X in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 648% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Norway (X units) was the main destination for dairy machinery exports from Romania, accounting for a 45% share of total exports. Moreover, dairy machinery exports to Norway exceeded the volume sent to the second major destination, Denmark (X units), twofold. The third position in this ranking was held by the United States (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (0.0% per year) and the United States (+41.4% per year).

In value terms, the United States ($X) emerged as the key foreign market for dairy machinery exports from Romania, comprising 51% of total exports. The second position in the ranking was held by Denmark ($X), with a 20% share of total exports. It was followed by Norway, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +117.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (0.0% per year) and Norway (0.0% per year).

Export Prices by Country

In 2022, the average dairy machinery export price amounted to $X per unit, increasing by 108% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 211% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to North Macedonia ($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 the United States (+53.4%), while the prices for the other major destinations experienced mixed trend patterns.

Dairy Machinery Imports

Imports into Romania

Dairy machinery imports into Romania reduced remarkably to X units in 2022, dropping by -41.6% compared with the previous year's figure. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 159% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, dairy machinery imports contracted significantly to $X in 2022. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 121%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X units), Italy (X units) and Bulgaria (X units) were the main suppliers of dairy machinery imports to Romania, together accounting for 62% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +32.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dairy machinery suppliers to Romania were Turkey ($X), Italy ($X) and Poland ($X), with a combined 63% share of total imports.

Turkey, with a CAGR of +32.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dairy machinery import price stood at $X per unit in 2022, declining by -10.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 32% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Hungary ($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 (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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