Romania: Test And Measurement Market 2024

Test And Measurement Market Size in Romania

The Romanian test and measurement market skyrocketed to $X in 2021, growing by 19% against the previous year. In general, consumption saw a significant expansion. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the near future.

Test And Measurement Production in Romania

In value terms, test and measurement production surged to $X in 2021 estimated in export price. Over the period under review, production recorded significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 290% against the previous year. Test and measurement production peaked in 2021 and is expected to retain growth in the immediate term.

Test And Measurement Exports

Exports from Romania

In 2021, the amount of instruments and apparatus for measuring or checking pressure of liquids or gasses exported from Romania contracted to X units, remaining relatively unchanged against the previous year. Over the period under review, exports, however, recorded a noticeable expansion. The growth pace was the most rapid in 2017 when exports increased by 66% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, test and measurement exports skyrocketed to $X in 2021. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2018 with an increase of 145% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for test and measurement exports from Romania, with a 70% share of total exports. Moreover, test and measurement exports to Germany exceeded the volume sent to the second major destination, Moldova (X units), fivefold. The third position in this ranking was taken by Italy (X units), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+67.5% per year) and Italy (+56.1% per year).

In value terms, Germany ($X) remains the key foreign market for instruments and apparatus for measuring or checking pressure of liquids or gasses exports from Romania, comprising 60% of total exports. The second position in the ranking was held by Moldova ($X), with a 12% share of total exports. It was followed by the Netherlands, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +28.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+80.7% per year) and the Netherlands (+5.1% per year).

Export Prices by Country

The average test and measurement export price stood at $X per unit in 2021, picking up by 74% against the previous year. In general, the export price continues to indicate a significant increase. The growth pace was the most rapid in 2018 an increase of 148%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to China ($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 Germany (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Romania

In 2021, supplies from abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses decreased by -3.4% to X units, falling for the third consecutive year after three years of growth. In general, imports, however, posted a prominent increase. The growth pace was the most rapid in 2014 when imports increased by 73% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, test and measurement imports declined to $X in 2021. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 33% against the previous year. Imports peaked at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of test and measurement to Romania, accounting for a 71% share of total imports. Moreover, test and measurement imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), eightfold. France (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.0% per year) and France (+17.4% per year).

In value terms, Germany ($X) constituted the largest supplier of instruments and apparatus for measuring or checking pressure of liquids or gasses to Romania, comprising 70% of total imports. The second position in the ranking was taken by Italy ($X), with a 4.2% share of total imports. It was followed by France, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.2% per year) and France (+4.3% per year).

Import Prices by Country

In 2021, the average test and measurement import price amounted to $X per unit, declining by -5% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 52%. The import price peaked at $X per unit in 2020, and then dropped in the following year.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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