Romania: Electrical Insulating Fittings Market 2024

Electrical Insulating Fittings Market Size in Romania

In 2022, the Romanian electrical insulating fittings market increased by 12% to $X, rising for the second consecutive year after three years of decline. Overall, consumption recorded a relatively flat trend pattern. Electrical insulating fittings consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Electrical Insulating Fittings Exports

Exports from Romania

In 2022, the amount of electrical insulating fittings of plastics exported from Romania soared to X tons, surging by 22% compared with the previous year. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 102% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, electrical insulating fittings exports dropped to $X in 2022. Overall, exports enjoyed a prominent increase. The growth pace was the most rapid in 2013 with an increase of 86% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Moldova (X tons) and Serbia (X tons) were the main destinations of electrical insulating fittings exports from Romania, together comprising 67% of total exports. Egypt, Ukraine, Hungary, Italy and Bulgaria lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +142.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical insulating fittings exported from Romania were Moldova ($X), Serbia ($X) and Germany ($X), with a combined 59% share of total exports. Ukraine, Egypt, Hungary, Italy and Bulgaria lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, Egypt, with a CAGR of +122.8%, 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

In 2022, the average electrical insulating fittings export price amounted to $X per ton, declining by -23.9% against the previous year. In general, the export price showed a noticeable contraction. The growth pace was the most rapid in 2016 an increase of 12%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Insulating Fittings Imports

Imports into Romania

In 2022, supplies from abroad of electrical insulating fittings of plastics increased by 20% to X tons, rising for the second year in a row after three years of decline. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.9% against 2020 indices. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, electrical insulating fittings imports amounted to $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 41% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Austria (X tons) and the Czech Republic (X tons) were the main suppliers of electrical insulating fittings imports to Romania, with a combined 76% share of total imports. France, Hungary, Belgium, Italy and Japan lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +32.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electrical insulating fittings of plastics to Romania, comprising 40% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 19% share of total imports. It was followed by Austria, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+4.1% per year) and Austria (+7.8% per year).

Import Prices by Country

The average electrical insulating fittings import price stood at $X per ton in 2022, shrinking by -9.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 18%. The import price peaked at $X per ton in 2014; however, from 2015 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 ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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