Romania: Capacitor Market 2024

Capacitor Market Size in Romania

The Romanian capacitor market skyrocketed to $X in 2021, increasing by 52% against the previous year. Over the period under review, consumption continues to indicate significant growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Capacitor Production in Romania

In value terms, capacitor production surged to $X in 2021 estimated in export price. Over the period under review, production posted strong growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 130%. Capacitor production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Capacitor Exports

Exports from Romania

In 2021, shipments abroad of electrical capacitors increased by 6.3% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +4.3% 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 2018 when exports increased by 27%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, capacitor exports reached $X in 2021. The total export value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 29% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for capacitor exports from Romania, with a 75% share of total exports. Moreover, capacitor exports to Italy exceeded the volume sent to the second major destination, Slovakia (X tons), fivefold. Turkey (X tons) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+6.3% per year) and Turkey (+50.3% per year).

In value terms, Italy ($X) remains the key foreign market for electrical capacitors exports from Romania, comprising 63% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 17% share of total exports. It was followed by Turkey, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy totaled +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+6.3% per year) and Turkey (+46.5% per year).

Export Prices by Country

The average capacitor export price stood at $X per ton in 2021, with an increase of 5.4% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 14%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Slovakia ($X per ton), while the average price for exports to Italy ($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 Slovakia (+0.1%), while the prices for the other major destinations experienced a decline.

Capacitor Imports

Imports into Romania

In 2021, capacitor imports into Romania rose rapidly to X tons, growing by 5.3% on 2020 figures. Overall, imports showed strong growth. The growth pace was the most rapid in 2016 with an increase of 200% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, capacitor imports reached $X in 2021. Over the period under review, imports posted a prominent increase. The growth pace was the most rapid in 2018 with an increase of 41% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of capacitor to Romania, with a 41% share of total imports. Moreover, capacitor imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by the Czech Republic (X tons), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+45.8% per year) and the Czech Republic (+0.7% per year).

In value terms, Germany ($X) constituted the largest supplier of electrical capacitors to Romania, comprising 55% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total imports. It was followed by the Czech Republic, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+45.2% per year) and the Czech Republic (+9.3% per year).

Import Prices by Country

The average capacitor import price stood at $X per ton in 2021, growing by 5.8% against the previous year. Over the period under review, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of 361% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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