Romania: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Romania

In 2022, the Romanian market for diesel engines (other than for motor vehicles and aircraft) increased by 70% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded notable growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Romania

In 2022, shipments abroad of diesel engines (other than for motor vehicles and aircraft) decreased by -29.3% to X units, falling for the second consecutive year after three years of growth. In general, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 184%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) declined sharply to $X in 2022. Overall, exports, however, recorded prominent growth. The growth pace was the most rapid in 2015 with an increase of 356%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Moldova (X units), Egypt (X units) and Serbia (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Romania, with a combined 55% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +44.8%), while the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), the Netherlands ($X) and Bulgaria ($X) were the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Romania worldwide, with a combined 52% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +76.9%, 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 export price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, with an increase of 4.8% against the previous year. In general, the export price posted a pronounced increase. The pace of growth was the most pronounced in 2015 an increase of 172%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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 the Netherlands ($X per unit), while the average price for exports to Egypt ($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 Netherlands (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Romania

In 2022, overseas purchases of diesel engines (other than for motor vehicles and aircraft) increased by 54% to X units, rising for the second consecutive year after two years of decline. Overall, imports saw strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 156% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) soared to $X in 2022. In general, imports, however, recorded a deep contraction. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X units) constituted the largest diesel engines (other than for motor vehicles and aircraft) supplier to Romania, with a 39% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from France exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Hungary (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.0% per year) and Hungary (+83.5% per year).

In value terms, the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Romania were Italy ($X), France ($X) and the UK ($X), with a combined 57% share of total imports. Hungary, China, Germany and the United States lagged somewhat behind, together accounting for a further 22%.

Among the main suppliers, Hungary, with a CAGR of +80.4%, recorded the highest growth rate of 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

In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, jumping by 27% against the previous year. Over the period under review, the import price, however, showed a deep slump. The growth pace was the most rapid in 2015 when the average import price increased by 133% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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