Romania: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Romania

The Romanian gearboxes and speed changers market stood at $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Production of Gearboxes and Speed Changers in Romania

In value terms, gearboxes and speed changers production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X%. Gearboxes and speed changers production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Gearboxes and Speed Changers

Exports from Romania

Gearboxes and speed changers exports from Romania stood at X tons in 2022, picking up by X% compared with the year before. In general, exports, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, gearboxes and speed changers exports totaled $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and France (X tons) were the main destinations of gearboxes and speed changers exports from Romania, with a combined X% share of total exports. Denmark, the United States, Bulgaria, the Netherlands and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for gearboxes and speed changers exports from Romania, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and France (X% per year).

Export Prices by Country

The average gearboxes and speed changers export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports into Romania

In 2022, purchases abroad of gearboxes and speed changers increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, gearboxes and speed changers imports reached $X in 2022. In general, imports, however, showed a slight shrinkage. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), France (X tons) and China (X tons) were the main suppliers of gearboxes and speed changers imports to Romania, with a combined X% share of total imports. Germany, Denmark, Austria, India, the Czech Republic, the Netherlands, the United States, Finland and Norway lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest gearboxes and speed changers suppliers to Romania were Italy ($X), Germany ($X) and China ($X), together comprising X% of total imports. France, Austria, Denmark, India, the Czech Republic, the Netherlands, Finland, the United States and Norway lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, India, with a CAGR of X%, 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 gearboxes and speed changers import price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price showed a slight descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton 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 Norway ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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