Romania: Hay-Making Machinery Market 2024

Hay-Making Machinery Market Size in Romania

The Romanian hay-making machinery market rose notably to $X in 2021, increasing by 9.3% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Hay-making machinery consumption peaked in 2021 and is expected to retain growth in the near future.

Hay-Making Machinery Production in Romania

In value terms, hay-making machinery production contracted notably to $X in 2021 estimated in export price. In general, production recorded a noticeable curtailment. The pace of growth was the most pronounced in 2020 with an increase of 51% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Hay-Making Machinery Exports

Exports from Romania

Hay-making machinery exports from Romania soared to X units in 2021, jumping by 162% compared with 2020. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 324%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hay-making machinery exports skyrocketed to $X in 2021. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 268% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Hungary (X units), Moldova (X units) and the UK (X units) were the main destinations of hay-making machinery exports from Romania, with a combined 85% share of total exports. Bosnia and Herzegovina, Bulgaria, Serbia and Greece lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +100.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) remains the key foreign market for hay-making machinery exports from Romania, comprising 52% of total exports. The second position in the ranking was taken by Moldova ($X), with a 15% share of total exports. It was followed by Bulgaria, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to Hungary amounted to +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+40.5% per year) and Bulgaria (+12.5% per year).

Export Prices by Country

In 2021, the average hay-making machinery export price amounted to $X per unit, shrinking by -38.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 72% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then reduced markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to the UK ($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 Bosnia and Herzegovina (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hay-Making Machinery Imports

Imports into Romania

In 2021, the amount of hay-making machinery imported into Romania rose modestly to X units, picking up by 3% compared with the previous year's figure. Overall, imports, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by 74% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, hay-making machinery imports surged to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Poland (X units), Bulgaria (X units) and China (X units) were the main suppliers of hay-making machinery imports to Romania, with a combined 50% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +29.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hay-making machinery suppliers to Romania were Germany ($X), Bulgaria ($X) and Poland ($X), with a combined 53% share of total imports. China, Italy, Hungary, Turkey, Austria, Lithuania and Switzerland lagged somewhat behind, together accounting for a further 40%.

China, with a CAGR of +40.5%, saw the highest rates of growth with regard to 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 2021, the average hay-making machinery import price amounted to $X per unit, jumping by 31% against the previous year. Over the period under review, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 39% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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