Romania: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Romania

The Romanian grinding and sharpening machine market surged to $X in 2022, increasing by 29% against the previous year. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +138.5% against 2017 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Grinding And Sharpening Metal Finishing Machines in Romania

In value terms, grinding and sharpening machine production soared to $X in 2022 estimated in export price. Overall, production posted a slight increase. The most prominent rate of growth was recorded in 2013 with an increase of 75% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Romania

In 2022, overseas shipments of grinding and sharpening metal finishing machines decreased by -9.4% to X units, falling for the third year in a row after two years of growth. Overall, exports, however, showed a tangible increase. The pace of growth appeared the most rapid in 2019 with an increase of 131% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, grinding and sharpening machine exports surged to $X in 2022. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 106%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for grinding and sharpening machine exports from Romania, accounting for a 42% share of total exports. Moreover, grinding and sharpening machine exports to France exceeded the volume sent to the second major destination, Hungary (X units), threefold. The third position in this ranking was taken by Bulgaria (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +47.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+7.4% per year) and Bulgaria (+16.9% per year).

In value terms, Turkey ($X) emerged as the key foreign market for grinding and sharpening metal finishing machines exports from Romania, comprising 39% of total exports. The second position in the ranking was held by France ($X), with a 7.6% share of total exports. It was followed by Austria, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to +38.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-1.6% per year) and Austria (+31.4% per year).

Export Prices by Country

The average grinding and sharpening machine export price stood at $X per unit in 2022, jumping by 119% against the previous year. In general, the export price, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 166% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Hungary ($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 Poland (+51.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Romania

Grinding and sharpening machine imports into Romania soared to X units in 2022, growing by 21% compared with the year before. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 150%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, grinding and sharpening machine imports rose rapidly to $X in 2022. In general, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2018 with an increase of 48%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and Bulgaria (X units) were the main suppliers of grinding and sharpening machine imports to Romania, together accounting for 95% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +83.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of grinding and sharpening metal finishing machines to Romania, comprising 59% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports. It was followed by Poland, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.1% per year) and Poland (+1.9% per year).

Import Prices by Country

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, dropping by -12.5% against the previous year. Overall, the import price recorded a sharp decrease. The pace of growth was the most pronounced in 2016 an increase of 90% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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