Romania: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Romania

In 2022, after two years of decline, there was significant growth in the Romanian market for fully or partly automatic electric machines for arc welding of metals, when its value increased by 156% to $X. Overall, consumption, however, showed a deep contraction. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Romania

In value terms, production of fully or partly automatic electric machines for arc welding of metals expanded significantly to $X in 2022 estimated in export price. Overall, production showed a resilient increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 83% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports from Romania

In 2022, overseas shipments of fully or partly automatic electric machines for arc welding of metals decreased by -39.4% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 950%. Over the period under review, the exports of hit record highs at X units in 2021, and then fell notably in the following year.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals shrank dramatically to $X in 2022. Over the period under review, exports, however, posted a measured increase. The pace of growth appeared the most rapid in 2021 with an increase of 674%. As a result, the exports attained the peak of $X, and then declined markedly in the following year.

Exports by Country

France (X units), Bulgaria (X units) and Hungary (X units) were the main destinations of exports of fully or partly automatic electric machines for arc welding of metals from Romania, together accounting for 54% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +118.8%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for fully or partly automatic electric machines for arc welding of metals exports from Romania, comprising 38% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 13% share of total exports. It was followed by Moldova, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +102.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-13.3% per year) and Moldova (+40.2% per year).

Export Prices by Country

In 2022, the average export price for fully or partly automatic electric machines for arc welding of metals amounted to $X per unit, with a decrease of -65.4% against the previous year. Overall, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of 521% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per unit), while the average price for exports to the UK ($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 (-7.3%), while the prices for the other major destinations experienced a decline.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports into Romania

In 2022, the amount of fully or partly automatic electric machines for arc welding of metals imported into Romania declined modestly to X units, dropping by -2.3% compared with the year before. Over the period under review, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2019 with an increase of 186% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals expanded rapidly to $X in 2022. In general, imports, however, enjoyed pronounced growth. The pace of growth was the most pronounced in 2019 when imports increased by 195%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of imports of fully or partly automatic electric machines for arc welding of metals to Romania, with a combined 65% share of total imports. Poland, Finland, the Czech Republic, Hungary, Moldova, Austria, Turkey, the UK, France and the United States lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +39.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and China ($X) constituted the largest fully or partly automatic arc welding machine suppliers to Romania, with a combined 68% share of total imports. Finland, Austria, the Czech Republic, Poland, Turkey, Hungary, France, Moldova, the UK and the United States lagged somewhat behind, together accounting for a further 27%.

The Czech Republic, with a CAGR of +44.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for fully or partly automatic electric machines for arc welding of metals amounted to $X per unit, surging by 9.1% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fully or partly automatic electric machines for arc welding of metals decreased by -17.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 72%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Poland ($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 (+32.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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