Romania: Electrical Transformer Market 2024

Electrical Transformer Market Size in Romania

The Romanian electrical transformer market surged to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Electrical transformer consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Electrical Transformer Production in Romania

In value terms, electrical transformer production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Electrical Transformer Exports

Exports from Romania

After five years of growth, shipments abroad of electrical transformers decreased by X% to X units in 2022. Overall, exports, however, enjoyed perceptible growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then dropped notably in the following year.

In value terms, electrical transformer exports soared to $X in 2022. In general, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X units), Germany (X units) and Austria (X units) were the main destinations of electrical transformer exports from Romania, with a combined X% share of total exports. Switzerland and Italy lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X) remains the key foreign market for electrical transformers exports from Romania, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the average electrical transformer export price amounted to $X per unit, growing by X% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Switzerland ($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 Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Transformer Imports

Imports into Romania

In 2022, purchases abroad of electrical transformers decreased by X% to X units for the first time since 2014, thus ending a seven-year rising trend. In general, imports, however, saw tangible growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then reduced remarkably in the following year.

In value terms, electrical transformer imports rose remarkably to $X in 2022. Overall, imports, however, showed modest growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of electrical transformer imports to Romania, together accounting for X% of total imports. The Netherlands, France, Slovenia, Belgium, Moldova and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Moldova (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformer suppliers to Romania were Italy ($X), China ($X) and Germany ($X), with a combined X% share of total imports. France, the Netherlands, Slovenia, the UK, Belgium and Moldova lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Moldova, with a CAGR of X%, recorded the highest rates of growth with regard to 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 electrical transformer import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, saw a pronounced downturn. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Moldova ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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