Romania: Cutting Blade Market 2024

Cutting Blade Market Size in Romania

In 2021, the Romanian cutting blade market increased by 23% to $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Cutting blade consumption peaked in 2021 and is expected to retain growth in the immediate term.

Cutting Blade Production in Romania

In value terms, cutting blade production fell dramatically to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 16%. Cutting blade production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Cutting Blade Exports

Exports from Romania

After two years of growth, overseas shipments of knives and cutting blades (for machines or for mechanical appliances) decreased by -0.6% to X tons in 2021. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 56% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cutting blade exports reduced sharply to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 23% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then contracted notably in the following year.

Exports by Country

Italy (X tons) was the main destination for cutting blade exports from Romania, accounting for a 53% share of total exports. Moreover, cutting blade exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), fourfold. Sweden (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.8% per year) and Sweden (+11.6% per year).

In value terms, Italy ($X), Germany ($X) and Serbia ($X) appeared to be the largest markets for cutting blade exported from Romania worldwide, with a combined 64% share of total exports.

Among the main countries of destination, Serbia, with a CAGR of +44.7%, 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 cutting blade export price stood at $X per ton in 2021, shrinking by -17.5% against the previous year. Overall, the export price recorded a mild slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Serbia ($X per ton), while the average price for exports to Bulgaria ($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 Serbia (+13.6%), while the prices for the other major destinations experienced mixed trend patterns.

Cutting Blade Imports

Imports into Romania

In 2021, purchases abroad of knives and cutting blades (for machines or for mechanical appliances) increased by 42% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cutting blade imports surged to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +20.9% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 34% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), China (X tons) and Italy (X tons) were the main suppliers of cutting blade imports to Romania, with a combined 57% share of total imports. These countries were followed by the Czech Republic, France, Austria, Hungary, the Netherlands, Poland, Bulgaria and Slovenia, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +37.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of knives and cutting blades (for machines or for mechanical appliances) to Romania, comprising 31% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by China, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.1% per year) and China (+21.5% per year).

Import Prices by Country

The average cutting blade import price stood at $X per ton in 2021, shrinking by -7.7% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 19% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably country of origin: the country with the highest price was Hungary ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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