Romania: Medical Instruments Market 2024

Medical Instruments Market Size in Romania

The Romanian medical instruments market shrank notably to $X in 2022, which is down by -55.2% against the previous year. In general, consumption, however, continues to indicate prominent growth. Medical instruments consumption peaked at $X in 2021, and then reduced remarkably in the following year.

Medical Instruments Production in Romania

In value terms, medical instruments production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed significant growth. The growth pace was the most rapid in 2020 when the production volume increased by 379% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Medical Instruments Exports

Exports from Romania

In 2022, medical instruments exports from Romania surged to X tons, increasing by 189% on 2021. Overall, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, medical instruments exports surged to $X in 2022. Over the period under review, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for medical instruments exports from Romania, with a 75% share of total exports. Moreover, medical instruments exports to Italy exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold. Bulgaria (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+86.4% per year) and Bulgaria (+20.5% per year).

In value terms, Belgium ($X), Hungary ($X) and Germany ($X) were the largest markets for medical instruments exported from Romania worldwide, with a combined 55% share of total exports.

Among the main countries of destination, Belgium, with a CAGR of +109.7%, saw 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

The average medical instruments export price stood at $X per ton in 2022, which is down by -39.4% against the previous year. Overall, the export price, however, continues to indicate a modest increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 34% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+12.5%), while the prices for the other major destinations experienced mixed trend patterns.

Medical Instruments Imports

Imports into Romania

For the eleventh consecutive year, Romania recorded growth in overseas purchases of instruments used in medical sciences, which increased by 8.6% to X tons in 2022. Over the period under review, imports showed resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 57%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, medical instruments imports skyrocketed to $X in 2022. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 28% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Poland (X tons) constituted the largest medical instruments supplier to Romania, accounting for a 55% share of total imports. Moreover, medical instruments imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by China (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled +25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.8% per year) and China (+4.7% per year).

In value terms, the largest medical instruments suppliers to Romania were Germany ($X), the Netherlands ($X) and China ($X), with a combined 60% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +26.8%, saw 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 medical instruments import price stood at $X per ton in 2022, picking up by 10% against the previous year. Overall, the import price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2019 an increase of 18%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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