Romania: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Romania

In 2021, after two years of decline, there was significant growth in the Romanian machine-tool for removing material market, when its value increased by 60% to $X. In general, consumption showed a strong increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Romania

In 2021, exports of machine-tools for working any material by removal of material from Romania fell rapidly to X units, dropping by -32.1% on 2020. Overall, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 64% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for removing material exports dropped significantly to $X in 2021. In general, exports recorded a noticeable decline. The growth pace was the most rapid in 2017 when exports increased by 68% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X units), Serbia (X units) and Germany (X units) were the main destinations of machine-tool for removing material exports from Romania, with a combined 57% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +19.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for removing material exported from Romania were Germany ($X), Bulgaria ($X) and Austria ($X), with a combined 49% share of total exports.

Bulgaria, with a CAGR of +111.4%, recorded the highest rates of growth with regard to the value of exports, among 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 machine-tool for removing material export price amounted to $X per unit, which is down by -3.6% against the previous year. Over the period under review, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 55%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Moldova ($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 France (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Romania

In 2021, purchases abroad of machine-tools for working any material by removal of material was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 155%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, machine-tool for removing material imports surged to $X in 2021. Overall, imports saw buoyant growth. The growth pace was the most rapid in 2014 with an increase of 69% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of machine-tool for removing material to Romania, with a 60% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), sevenfold. Hungary (X units) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-5.9% per year) and Hungary (+9.5% per year).

In value terms, the largest machine-tool for removing material suppliers to Romania were Germany ($X), China ($X) and Italy ($X), with a combined 61% share of total imports. These countries were followed by the Netherlands, Poland, Hungary and Bulgaria, which together accounted for a further 13%.

Among the main suppliers, Bulgaria, with a CAGR of +97.4%, recorded the highest rates of growth with regard to 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

In 2021, the average machine-tool for removing material import price amounted to $X per unit, dropping by -11.4% against the previous year. Overall, the import price showed a slight shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 22%. The import price peaked at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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