Romania: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Romania

The Romanian electrical circuit apparatus market totaled $X in 2021, growing by 9.3% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Electrical circuit apparatus consumption peaked in 2021 and is likely to see steady growth in the near future.

Electrical Circuit Apparatus Production in Romania

In value terms, electrical circuit apparatus production dropped to $X in 2021 estimated in export price. Over the period under review, production showed a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 63%. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Electrical Circuit Apparatus Exports

Exports from Romania

In 2021, shipments abroad of electrical apparatus for circuit connection, switching and protection was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, electrical circuit apparatus exports soared to $X in 2021. Overall, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 electrical circuit apparatus exports from Romania, accounting for a 40% share of total exports. Moreover, electrical circuit apparatus exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+18.7% per year) and Italy (+4.0% per year).

In value terms, Germany ($X) remains the key foreign market for electrical circuit apparatus exports from Romania, comprising 51% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 13% share of total exports. It was followed by Italy, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+18.5% per year) and Italy (+6.4% per year).

Export Prices by Country

In 2021, the average electrical circuit apparatus export price amounted to $X per ton, increasing by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: 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 Norway (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Romania

In 2021, after two years of decline, there was significant growth in purchases abroad of electrical apparatus for circuit connection, switching and protection, when their volume increased by 11% to X tons. The total import volume increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, electrical circuit apparatus imports surged to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 19%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest electrical circuit apparatus supplier to Romania, with a 40% share of total imports. Moreover, electrical circuit apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.7% per year) and China (+7.7% per year).

In value terms, Germany ($X) constituted the largest supplier of electrical circuit apparatus to Romania, comprising 46% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.4% share of total imports. It was followed by the Czech Republic, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.6% per year) and the Czech Republic (+7.5% per year).

Import Prices by Country

In 2021, the average electrical circuit apparatus import price amounted to $X per ton, increasing by 5.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 7.2%. The import price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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