Romania: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Romania

The Romanian flywheels and pulleys market dropped to $X in 2021, which is down by -6.3% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Flywheels And Pulleys Production in Romania

In value terms, flywheels and pulleys production reduced markedly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 225%. As a result, production attained the peak level of $X, and then dropped remarkably in the following year.

Flywheels And Pulleys Exports

Exports from Romania

In 2021, approx. X tons of flywheels and pulleys were exported from Romania; jumping by 48% compared with the previous year's figure. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 162% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, flywheels and pulleys exports skyrocketed to $X in 2021. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 147%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons) was the main destination for flywheels and pulleys exports from Romania, with a 70% share of total exports. Moreover, flywheels and pulleys exports to Germany exceeded the volume sent to the second major destination, Russia (X tons), ninefold. The third position in this ranking was held by Poland (X tons), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +34.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+54.7% per year) and Poland (+42.5% per year).

In value terms, Germany ($X) remains the key foreign market for flywheels and pulleys exports from Romania, comprising 66% of total exports. The second position in the ranking was taken by Russia ($X), with a 7.3% share of total exports. It was followed by Hungary, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +71.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+52.5% per year) and Hungary (+38.9% per year).

Export Prices by Country

The average flywheels and pulleys export price stood at $X per ton in 2021, with an increase of 4.5% against the previous year. Overall, the export price recorded resilient growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 58% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into Romania

In 2021, after two years of decline, there was significant growth in supplies from abroad of flywheels and pulleys, when their volume increased by 15% to X tons. In general, imports enjoyed buoyant growth. The growth pace was the most rapid in 2013 with an increase of 60%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, flywheels and pulleys imports soared to $X in 2021. Overall, imports saw a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 69%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Turkey (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of flywheels and pulleys imports to Romania, with a combined 66% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +90.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of flywheels and pulleys to Romania, comprising 36% of total imports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+18.1% per year) and South Korea (+59.1% per year).

Import Prices by Country

In 2021, the average flywheels and pulleys import price amounted to $X per ton, growing by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.9%. The most prominent rate of growth was recorded in 2020 an increase of 26% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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