Romania: Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers 2024

Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Romania

The Romanian market for iron or steel gas domestic cooking appliances and plate warmers declined to $X in 2022, falling by -13.7% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2021, and then fell in the following year.

Production of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in Romania

In value terms, production of iron or steel gas domestic cooking appliances and plate warmers dropped to $X in 2022 estimated in export price. In general, production saw a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 131%. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Exports from Romania

After two years of growth, shipments abroad of iron or steel gas domestic cooking appliances and plate warmers decreased by -20% to X units in 2022. Over the period under review, exports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2020 with an increase of 19%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers fell notably to $X in 2022. In general, exports saw a deep setback. The growth pace was the most rapid in 2020 when exports increased by 25% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), the United States (X units) and Hungary (X units) were the main destinations of exports of iron or steel gas domestic cooking appliances and plate warmers from Romania, together comprising 65% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +120.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron or steel gas domestic cooking appliances and plate warmers exported from Romania were the United States ($X), Hungary ($X) and France ($X), together comprising 62% of total exports.

The United States, with a CAGR of +116.0%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 export price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, dropping by -18.7% against the previous year. In general, the export price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 23%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Germany ($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 Russia (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Imports into Romania

In 2022, purchases abroad of iron or steel gas domestic cooking appliances and plate warmers increased by 2.5% to X units, rising for the second year in a row after two years of decline. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by 42% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers shrank markedly to $X in 2022. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 39% against the previous year. Imports peaked at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

In 2022, Turkey (X units) constituted the largest iron or steel gas domestic cooking appliances and plate warmers supplier to Romania, with a 58% share of total imports. Moreover, imports of iron or steel gas domestic cooking appliances and plate warmers from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Italy (X units), with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.0% per year) and Italy (+6.5% per year).

In value terms, Turkey ($X) constituted the largest supplier of iron or steel gas domestic cooking appliances and plate warmers to Romania, comprising 57% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Slovenia, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.9% per year) and Slovenia (+21.0% per year).

Import Prices by Country

The average import price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, with a decrease of -18.1% against the previous year. In general, the import price saw a slight reduction. The growth pace was the most rapid in 2016 an increase of 12% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform