Romania: Power Tool Market 2024

Power Tool Market Size in Romania

The Romanian power tool market totaled $X in 2021, picking up by 7.3% against the previous year. In general, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +79.7% against 2017 indices. Power tool consumption peaked in 2021 and is expected to retain growth in years to come.

Power Tool Production in Romania

In value terms, power tool production soared to $X in 2021 estimated in export price. Overall, production continues to indicate resilient growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 56%. Power tool production peaked in 2021 and is likely to continue growth in years to come.

Power Tool Exports

Exports from Romania

For the third consecutive year, Romania recorded growth in shipments abroad of power tools, which increased by 46% to X units in 2021. In general, exports recorded prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 86% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, power tool exports soared to $X in 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 76% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Germany (X units), the UK (X units) and France (X units) were the main destinations of power tool exports from Romania, together comprising 56% of total exports. These countries were followed by Russia, Austria, Poland, Estonia, Italy, the Netherlands, Belgium, Spain, the United States and Finland, which together accounted for a further 68%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +307.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and France ($X) were the largest markets for power tool exported from Romania worldwide, together accounting for 40% of total exports. These countries were followed by Russia, Austria, Poland, Estonia, the Netherlands, Italy, Belgium, Spain, the United States and Finland, which together accounted for a further 45%.

Among the main countries of destination, Russia, with a CAGR of +292.4%, 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 2021, the average power tool export price amounted to $X per unit, increasing by 3.4% against the previous year. Overall, the export price posted resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 110%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per unit), while the average price for exports to Russia ($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 Germany (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Romania

Power tool imports into Romania skyrocketed to X units in 2021, rising by 34% compared with the previous year. In general, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 37%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, power tool imports soared to $X in 2021. Overall, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest power tool supplier to Romania, accounting for a 60% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Poland (X units), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.5% per year) and Poland (+24.5% per year).

In value terms, China ($X), Germany ($X) and Poland ($X) appeared to be the largest power tool suppliers to Romania, with a combined 80% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +32.4%, saw 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

In 2021, the average power tool import price amounted to $X per unit, surging by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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 Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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