Romania: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in Romania

In 2020, the Romanian market for electric generating sets and rotary converters decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Production of Electric Generating Sets And Rotary Converters in Romania

In value terms, production of electric generating sets and rotary converters reduced markedly to $X in 2020 estimated in export prices. In general, production faced a deep contraction. The pace of growth was the most pronounced in 2014 when the production volume increased by X% year-to-year. Production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports from Romania

In 2020, the amount of electric generating sets and rotary converters exported from Romania reduced to X units, which is down by -X% on the previous year's figure. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, exports attained the peak of X units. from 2019 to 2020, the growth of exports failed to regain the momentum.

In value terms, exports of electric generating sets and rotary converters fell to $X in 2020. Overall, exports, however, saw a mild slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. from 2019 to 2020, the growth of exports remained at a lower figure.

Exports by Country

Greece (X units) was the main destination for exports of electric generating sets and rotary converters from Romania, with a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to Greece exceeded the volume sent to the second major destination, Hungary (X units), eightfold. The third position in this ranking was occupied by Bulgaria (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Greece stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+X% per year) and Bulgaria (+X% per year).

In value terms, the largest markets for electric generating set and rotary converter exported from Romania were Greece ($X), Bulgaria ($X) and Hungary ($X), together accounting for X% of total exports. Germany lagged somewhat behind, accounting for a further X recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, waning by -X% against the previous year. Overall, the export price saw a abrupt descent. The growth pace was the most rapid in 2019 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per unit in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Imports of Electric Generating Sets And Rotary Converters

Imports into Romania

In 2020, overseas purchases of electric generating sets and rotary converters decreased by -X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed modest growth. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Imports peaked at X units in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, imports of electric generating sets and rotary converters dropped to $X in 2020. Overall, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. from 2012 to 2020, the growth of imports failed to regain the momentum.

Imports by Country

In 2020, China (X units) constituted the largest electric generating set and rotary converter supplier to Romania, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from China exceeded the figures recorded by the second-largest supplier, Austria (X units), tenfold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and Italy (-X% per year).

In value terms, China ($X), Turkey ($X) and Italy ($X) appeared to be the largest electric generating set and rotary converter suppliers to Romania, together comprising X% of total imports. Germany, Austria, Poland and Bulgaria lagged somewhat behind, together comprising a further X recorded the highest growth rate of 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

In 2020, the average import price for electric generating sets and rotary converters amounted to $X per unit, approximately equating the previous year. Overall, the import price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. The import price peaked at $X per unit in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Turkey ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bulgaria, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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