Romania: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Romania

The Romanian hydraulic cylinder and system market contracted significantly to $X in 2022, reducing by -89.7% against the previous year. Over the period under review, consumption faced a deep slump. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Hydraulic Cylinders And Systems in Romania

In value terms, hydraulic cylinder and system production shrank to $X in 2022 estimated in export price. Overall, production, however, showed a resilient expansion. The growth pace was the most rapid in 2019 when the production volume increased by 25%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Hydraulic Cylinders And Systems

Exports from Romania

In 2022, exports of hydraulic cylinders and systems from Romania skyrocketed to X units, picking up by 63% on 2021 figures. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 319%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, hydraulic cylinder and system exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2016 when exports increased by 194%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Poland (X units) and the UK (X units) were the main destinations of hydraulic cylinder and system exports from Romania, with a combined 71% share of total exports. France, Sweden, Brazil, Finland and Germany lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +221.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Poland ($X) and the UK ($X) were the largest markets for hydraulic cylinder and system exported from Romania worldwide, with a combined 70% share of total exports. Sweden, France, Brazil, Finland and Germany lagged somewhat behind, together comprising a further 23%.

Among the main countries of destination, Sweden, with a CAGR of +164.0%, recorded the highest rates of growth with regard to 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 2022, the average hydraulic cylinder and system export price amounted to $X per thousand units, with a decrease of -7.6% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 52%. As a result, the export price attained the peak level of $X per thousand units. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Sweden ($X per thousand units) and the UK ($X per thousand units), while the average price for exports to France ($X per thousand units) and Brazil ($X per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Cylinders And Systems

Imports into Romania

In 2022, supplies from abroad of hydraulic cylinders and systems increased by 7.2% to X units, rising for the second consecutive year after two years of decline. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 136% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, hydraulic cylinder and system imports reduced sharply to $X in 2022. Over the period under review, imports showed noticeable growth. The pace of growth appeared the most rapid in 2018 when imports increased by 164% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), Italy (X units) and Poland (X units) were the main suppliers of hydraulic cylinder and system imports to Romania, with a combined 56% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +18.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Poland ($X) appeared to be the largest hydraulic cylinder and system suppliers to Romania, with a combined 50% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +10.4%, recorded the highest growth rate of 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 hydraulic cylinder and system import price stood at $X per unit in 2022, dropping by -22% against the previous year. In general, the import price continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2017 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 China (less than $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 (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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