Romania: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Romania

The Romanian gear cutting machine market reduced remarkably to $X in 2021, which is down by -27% against the previous year. In general, consumption saw a abrupt descent. Gear cutting machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Gear Cutting Machine Production in Romania

In value terms, gear cutting machine production dropped slightly to $X in 2021 estimated in export price. Overall, production saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 41%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Gear Cutting Machine Exports

Exports from Romania

Gear cutting machine exports from Romania soared to X units in 2021, growing by 127% compared with the previous year. Over the period under review, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gear cutting machine exports soared to $X in 2021. Overall, exports, however, saw a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of 291%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X units) was the main destination for gear cutting machine exports from Romania, with a 49% share of total exports. Moreover, gear cutting machine exports to India exceeded the volume sent to the second major destination, Turkey (X units), twofold. The third position in this ranking was held by Iran (X units), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+12.1% per year) and Iran (0.0% per year).

In value terms, India ($X), Turkey ($X) and Venezuela ($X) appeared to be the largest markets for gear cutting machine exported from Romania worldwide, together accounting for 70% of total exports. These countries were followed by Iran, France, Italy, Finland, Greece, Bulgaria, Egypt, Kuwait and Brazil, which together accounted for a further 30%.

In terms of the main countries of destination, Finland, with a CAGR of +170.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average gear cutting machine export price amounted to $X per unit, declining by -8.5% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 183%. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Brazil ($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 Finland (+193.8%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Cutting Machine Imports

Imports into Romania

In 2021, the amount of gear cutting, gear grinding or gear finishing machines imported into Romania contracted markedly to X units, which is down by -20.8% against 2020 figures. Over the period under review, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 239% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, gear cutting machine imports shrank dramatically to $X in 2021. Overall, imports faced a precipitous curtailment. The pace of growth was the most pronounced in 2020 with an increase of 289% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest gear cutting machine supplier to Romania, with a 58% share of total imports. Moreover, gear cutting machine imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X units), fourfold. The third position in this ranking was taken by Greece (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-3.1% per year) and Greece (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of gear cutting, gear grinding or gear finishing machines to Romania, comprising 89% of total imports. The second position in the ranking was held by France ($X), with a 4.2% share of total imports. It was followed by Austria, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+14.2% per year) and Austria (-42.4% per year).

Import Prices by Country

The average gear cutting machine import price stood at $X per unit in 2021, with a decrease of -66.3% against the previous year. Over the period under review, the import price faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 711%. 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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