Romania: Ecg Market 2025

Ecg Market Size in Romania

The Romanian ECG market surged to $X in 2021, rising by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a prominent expansion. Consumption peaked in 2021 and is expected to retain growth in years to come.

Ecg Exports

Exports from Romania

In 2021, the amount of electro-cardiographs exported from Romania surged to X units, rising by 306% against the previous year's figure. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 544% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, ECG exports surged to $X in 2021. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2019 when exports increased by 729%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Hungary (X units) was the main destination for ECG exports from Romania, with a 90% share of total exports. Moreover, ECG exports to Hungary exceeded the volume sent to the second major destination, Serbia (X units), more than tenfold. The United States (X units) ranked third in terms of total exports with a 1.4% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary totaled +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (0.0% per year) and the United States (-10.3% per year).

In value terms, Hungary ($X) remains the key foreign market for electro-cardiographs exports from Romania, comprising 96% of total exports. The second position in the ranking was taken by Serbia ($X), with a 0.8% share of total exports. It was followed by the United States, with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hungary totaled +29.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (0.0% per year) and the United States (-18.4% per year).

Export Prices by Country

In 2021, the average ECG export price amounted to $X per unit, reducing by -19.8% against the previous year. In general, the export price, however, saw perceptible growth. The pace of growth appeared the most rapid in 2020 an increase of 188%. As a result, the export price attained the peak level of $X per unit, and then contracted sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ecg Imports

Imports into Romania

In 2021, imports of electro-cardiographs into Romania surged to X units, with an increase of 35% against 2020. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 76% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, ECG imports expanded markedly to $X in 2021. In general, imports showed strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 112%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

China (X units), Germany (X units) and Bulgaria (X units) were the main suppliers of ECG imports to Romania, together comprising 53% of total imports. France, Finland, the Netherlands, Hungary, Spain, Italy, Poland, Hong Kong SAR, Switzerland and Belgium lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +71.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Bulgaria ($X) constituted the largest ECG suppliers to Romania, with a combined 55% share of total imports. China, Finland, France, Poland, Hong Kong SAR, Italy, Switzerland, Hungary, Spain and Belgium lagged somewhat behind, together comprising a further 40%.

Among the main suppliers, Hong Kong SAR, with a CAGR of +69.6%, recorded the highest growth rate of 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

The average ECG import price stood at $X per unit in 2021, with a decrease of -14.8% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 40%. As a result, import price attained the peak level of $X per unit, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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