Romania: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Romania

After three years of growth, the Romanian fuel or lubricating pump market decreased by -49.6% to $X in 2021. Overall, consumption, however, enjoyed a strong expansion. As a result, consumption attained the peak level of $X, and then declined significantly in the following year.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Romania

In value terms, fuel or lubricating pump production reduced rapidly to $X in 2021 estimated in export price. Overall, production, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 9,362% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell markedly in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Romania

In 2021, the amount of fuel, lubricating or cooling-medium pumps for internal combustion engines exported from Romania surged to X units, picking up by 47% compared with the previous year's figure. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 103%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, fuel or lubricating pump exports amounted to $X in 2021. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 46% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for fuel or lubricating pump exports from Romania, accounting for a 46% share of total exports. Moreover, fuel or lubricating pump exports to Germany exceeded the volume sent to the second major destination, Hungary (X units), fourfold. The third position in this ranking was held by Spain (X units), with an 8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +43.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+82.3% per year) and Spain (+81.8% per year).

In value terms, Germany ($X) remains the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from Romania, comprising 30% of total exports. The second position in the ranking was held by Hungary ($X), with an 11% share of total exports. It was followed by India, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +26.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+71.1% per year) and India (+88.8% per year).

Export Prices by Country

The average fuel or lubricating pump export price stood at $X per unit in 2021, shrinking by -32.1% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 an increase of 13%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per unit), while the average price for exports to Spain ($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 Belgium (-3.7%), while the prices for the other major destinations experienced a decline.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Romania

In 2021, the amount of fuel, lubricating or cooling-medium pumps for internal combustion engines imported into Romania rose remarkably to X units, with an increase of 6.5% on the previous year's figure. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by 67% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fuel or lubricating pump imports contracted modestly to $X in 2021. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 72%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest fuel or lubricating pump supplier to Romania, with a 39% share of total imports. Moreover, fuel or lubricating pump imports from Germany exceeded the figures recorded by the second-largest supplier, France (X units), threefold. The third position in this ranking was held by China (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+17.0% per year) and China (+31.6% per year).

In value terms, Germany ($X) constituted the largest supplier of fuel, lubricating or cooling-medium pumps for internal combustion engines to Romania, comprising 44% of total imports. The second position in the ranking was held by France ($X), with a 16% share of total imports. It was followed by China, with a 7% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.8% per year) and China (+28.3% per year).

Import Prices by Country

The average fuel or lubricating pump import price stood at $X per unit in 2021, shrinking by -6.1% against the previous year. In general, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 48% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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