Romania: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Romania

After three years of decline, the Romanian geometrical quantities electronic measurer market increased by 16% to $X in 2022. Over the period under review, consumption, however, continues to indicate a pronounced setback. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in Romania

In value terms, geometrical quantities electronic measurer production contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by 63%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Romania

Geometrical quantities electronic measurer exports from Romania reduced slightly to X units in 2022, which is down by -4.5% against 2021 figures. Overall, exports, however, saw mild growth. The pace of growth appeared the most rapid in 2018 with an increase of 217%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, geometrical quantities electronic measurer exports soared to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 63% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for geometrical quantities electronic measurer exports from Romania, with a 50% share of total exports. Moreover, geometrical quantities electronic measurer exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), fivefold. The UK (X units) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+12.2% per year) and the UK (+80.0% per year).

In value terms, Germany ($X) remains the key foreign market for electronic instruments and machines for measuring geometrical quantities exports from Romania, comprising 38% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with an 11% share of total exports. It was followed by the UK, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+11.1% per year) and the UK (+58.7% per year).

Export Prices by Country

The average geometrical quantities electronic measurer export price stood at $X per unit in 2022, picking up by 25% against the previous year. Overall, the export price, however, recorded a noticeable decline. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Spain ($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 Italy (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Romania

In 2022, imports of electronic instruments and machines for measuring geometrical quantities into Romania was estimated at X units, growing by 7.4% compared with the year before. In general, imports showed a moderate expansion. The pace of growth was the most pronounced in 2018 when imports increased by 279%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, geometrical quantities electronic measurer imports reduced slightly to $X in 2022. Overall, total imports indicated a measured increase from 2012 to 2022: its value 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. The most prominent rate of growth was recorded in 2016 when imports increased by 21%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of geometrical quantities electronic measurer to Romania, with a 32% share of total imports. Moreover, geometrical quantities electronic measurer imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by China (X units), with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.8% per year) and China (+12.2% per year).

In value terms, Germany ($X) constituted the largest supplier of electronic instruments and machines for measuring geometrical quantities to Romania, comprising 45% of total imports. The second position in the ranking was held by Italy ($X), with a 5.5% share of total imports. It was followed by France, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.4% per year) and France (-6.8% per year).

Import Prices by Country

The average geometrical quantities electronic measurer import price stood at $X per unit in 2022, which is down by -11.5% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 164%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 United States ($X per unit), while the price for Bulgaria ($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 United States (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :