Romania: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Romania

After two years of decline, the Romanian industrial sewing machine market increased by 47% to $X in 2022. Over the period under review, consumption, however, showed a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Industrial Sewing Machine Production in Romania

In value terms, industrial sewing machine production rose to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2019 when the production volume increased by 2,083%. Industrial sewing machine production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Industrial Sewing Machine Exports

Exports from Romania

In 2022, approx. X units of industrial sewing machines were exported from Romania; which is down by -30.7% compared with the previous year's figure. Over the period under review, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 158% against the previous year. As a result, the exports reached the peak of X units, and then dropped sharply in the following year.

In value terms, industrial sewing machine exports expanded markedly to $X in 2022. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 54% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Moldova (X units), Italy (X units) and Serbia (X units) were the main destinations of industrial sewing machine exports from Romania, with a combined 60% share of total exports. Germany, Tunisia, Ukraine, Hungary, Bulgaria, Poland and Morocco lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tunisia (with a CAGR of +72.5%), while the other leaders experienced more modest paces of growth.

In value terms, Moldova ($X), Italy ($X) and Tunisia ($X) appeared to be the largest markets for industrial sewing machine exported from Romania worldwide, with a combined 59% share of total exports.

Tunisia, with a CAGR of +59.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2022, increasing by 60% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a 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 Tunisia ($X per unit), while the average price for exports to Morocco ($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 Ukraine (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Sewing Machine Imports

Imports into Romania

In 2022, imports of industrial sewing machines into Romania shrank modestly to X units, leveling off at 2021. Over the period under review, imports, however, posted a slight increase. The pace of growth appeared the most rapid in 2014 with an increase of 154%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, industrial sewing machine imports totaled $X in 2022. In general, imports, however, continue to indicate a notable increase. The growth pace was the most rapid in 2014 with an increase of 97%. 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

In 2022, China (X units) constituted the largest industrial sewing machine supplier to Romania, with a 44% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Turkey (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.3% per year) and Turkey (+20.1% per year).

In value terms, Germany ($X), Turkey ($X) and Italy ($X) constituted the largest industrial sewing machine suppliers to Romania, with a combined 64% share of total imports.

Turkey, with a CAGR of +27.9%, 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 2022, the average industrial sewing machine import price amounted to $X per unit, rising by 15% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 48% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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