Romania: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Romania

The Romanian market for forage harvesters and other harvesting machines skyrocketed to $X in 2021, jumping by 34% 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 enjoyed a temperate expansion. Consumption of peaked in 2021 and is likely to continue growth in the near future.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from Romania

In 2021, shipments abroad of forage harvesters and other harvesting machines decreased by -60% to X units, falling for the third consecutive year after three years of growth. Overall, exports showed a abrupt descent. The growth pace was the most rapid in 2016 when exports increased by 415%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of forage harvesters and other harvesting machines fell sharply to $X in 2021. In general, exports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2016 with an increase of 333%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Moldova (X units) was the main destination for exports of forage harvesters and other harvesting machines from Romania, with a 63% share of total exports. Moreover, exports of forage harvesters and other harvesting machines to Moldova exceeded the volume sent to the second major destination, Hungary (X units), threefold. Bulgaria (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Moldova amounted to +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-5.5% per year) and Bulgaria (-21.2% per year).

In value terms, Moldova ($X) emerged as the key foreign market for forage harvesters and other harvesting machines exports from Romania, comprising 56% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 22% share of total exports. It was followed by Hungary, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Moldova totaled +41.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-17.8% per year) and Hungary (-1.9% per year).

Export Prices by Country

In 2021, the average export price for forage harvesters and other harvesting machines amounted to $X per unit, falling by -3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 68%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Poland ($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 (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Forage Harvesters and Other Harvesting Machines

Imports into Romania

After two years of decline, overseas purchases of forage harvesters and other harvesting machines increased by 36% to X units in 2021. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of forage harvesters and other harvesting machines soared to $X in 2021. In general, imports enjoyed a measured increase. The most prominent rate of growth was recorded in 2018 when imports increased by 46% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X units), Bulgaria (X units) and the Netherlands (X units) were the main suppliers of imports of forage harvesters and other harvesting machines to Romania, with a combined 55% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +43.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest forage harvesters and other harvesting machines suppliers to Romania were Bulgaria ($X), Germany ($X) and the Netherlands ($X), with a combined 64% share of total imports. These countries were followed by Hungary, Italy, Austria, Poland, Turkey, Serbia, France, Croatia and the UK, which together accounted for a further 33%.

In terms of the main suppliers, the UK, with a CAGR of +106.4%, saw the highest rates of growth with regard to 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 import price for forage harvesters and other harvesting machines stood at $X per unit in 2021, declining by -11.4% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for forage harvesters and other harvesting machines increased by +68.0% against 2016 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 38% against the previous year. The import price peaked at $X per unit in 2020, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for the UK ($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 (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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