Romania: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in Romania

In 2021, the Romanian liquid supply meter market decreased by -3.8% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +103.1% against 2016 indices. Liquid supply meter consumption peaked at $X in 2020, and then dropped slightly in the following year.

Liquid Supply Meter Production in Romania

In value terms, liquid supply meter production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of 335% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Liquid Supply Meter Exports

Exports from Romania

In 2021, overseas shipments of liquid supply or production meters increased by 14% to X units, rising for the second consecutive year after six years of decline. Over the period under review, exports, however, recorded a dramatic decline. The pace of growth was the most pronounced in 2013 when exports increased by 55%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, liquid supply meter exports skyrocketed to $X in 2021. Overall, exports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 74% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X units), Bulgaria (X units) and Hungary (X units) were the main destinations of liquid supply meter exports from Romania, with a combined 93% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +30.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for liquid supply meter exported from Romania were Bulgaria ($X), Slovenia ($X) and Hungary ($X), together comprising 92% of total exports.

Bulgaria, with a CAGR of +34.4%, saw 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

In 2021, the average liquid supply meter export price amounted to $X per unit, with an increase of 10% against the previous year. In general, the export price saw a resilient increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 45% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per unit), while the average price for exports to Slovakia ($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 Belgium (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Liquid Supply Meter Imports

Imports into Romania

Liquid supply meter imports into Romania expanded sharply to X units in 2021, growing by 5.4% on 2020 figures. Over the period under review, imports showed a buoyant expansion. The growth pace was the most rapid in 2015 when imports increased by 84%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, liquid supply meter imports amounted to $X in 2021. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 122%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of liquid supply meter imports to Romania, with a combined 64% share of total imports. These countries were followed by France, Poland, the Czech Republic, Austria and Turkey, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +128.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest liquid supply meter suppliers to Romania were France ($X), China ($X) and Germany ($X), together accounting for 65% of total imports. These countries were followed by Italy, the Czech Republic, Poland, Austria and Turkey, which together accounted for a further 31%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +66.9%, recorded 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 liquid supply meter import price stood at $X per unit in 2021, increasing by 5.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2017 when the average import price increased by 22% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($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 (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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