Romania: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Romania

The Romanian electronic metal tester market soared to $X in 2021, with an increase of 62% 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). Overall, consumption enjoyed a remarkable increase. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Electronic Metal Tester Exports

Exports from Romania

In 2021, shipments abroad of electronic machines and appliances for testing metals decreased by -54.3% to X units, falling for the second year in a row after two years of growth. Overall, exports faced a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 290%. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, electronic metal tester exports dropped dramatically to $X in 2021. In general, exports saw a drastic downturn. The pace of growth was the most pronounced in 2016 when exports increased by 127%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Switzerland (X units) was the main destination for electronic metal tester exports from Romania, with a 55% share of total exports. Moreover, electronic metal tester exports to Switzerland exceeded the volume sent to the second major destination, Turkey (X units), threefold. Germany (X units) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland amounted to +76.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-24.0% per year) and Germany (-25.8% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for electronic machines and appliances for testing metals exports from Romania, comprising 45% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by Egypt, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value to Switzerland stood at +116.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-29.0% per year) and Egypt (+7.5% per year).

Export Prices by Country

The average electronic metal tester export price stood at $X per unit in 2021, reducing by -15.5% against the previous year. Over the period under review, the export price recorded a mild reduction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 218% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Morocco ($X per unit), while the average price for exports to Turkey ($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 Russia (+94.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Metal Tester Imports

Imports into Romania

Electronic metal tester imports into Romania soared to X units in 2021, with an increase of 73% compared with 2020 figures. Over the period under review, imports recorded a prominent increase. The growth pace was the most rapid in 2015 when imports increased by 107% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, electronic metal tester imports soared to $X in 2021. Overall, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +39.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 78%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of electronic metal tester imports to Romania, together comprising 84% of total imports. The UK, Turkey, Denmark, the Netherlands, France and Spain lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +185.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electronic machines and appliances for testing metals to Romania, comprising 64% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports. It was followed by Italy, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+31.6% per year) and Italy (+16.4% per year).

Import Prices by Country

The average electronic metal tester import price stood at $X per unit in 2021, shrinking by -16.9% against the previous year. In general, the import price saw a deep reduction. The growth pace was the most rapid in 2016 when the average import price increased by 72% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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