Romania: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Romania

The Romanian market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) soared to $X in 2021, picking up by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded prominent growth. Consumption of peaked in 2021 and is likely to continue growth in years to come.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Romania

In 2021, overseas shipments of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 60% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 8,858%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) fell notably to $X in 2021. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 6,731% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Romania, with a 74% share of total exports. Moreover, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to the Netherlands exceeded the volume sent to the second major destination, Hungary (X tons), fivefold. Moldova (X tons) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +228.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+60.2% per year) and Moldova (+7.6% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports from Romania, comprising 77% of total exports. The second position in the ranking was taken by Moldova ($X), with an 11% share of total exports. It was followed by Hungary, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +231.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+17.6% per year) and Hungary (+65.0% per year).

Export Prices by Country

In 2021, the average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, declining by -66.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 300% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+25.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Romania

Imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) into Romania soared to X tons in 2021, picking up by 18% on the year before. In general, imports showed a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by 116% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) soared to $X in 2021. Over the period under review, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2018 with an increase of 167%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Canada (X tons), Belgium (X tons) and China (X tons) were the main suppliers of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Romania, together accounting for 82% of total imports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +907.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Romania, comprising 47% of total imports. The second position in the ranking was held by Belgium ($X), with an 18% share of total imports. It was followed by Hungary, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from Canada stood at +1,369.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+9.4% per year) and Hungary (+80.5% per year).

Import Prices by Country

The average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per ton in 2021, with an increase of 22% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 24%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+45.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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