Romania: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Romania

After two years of decline, the Romanian machine-tool for working metal market increased by 23% to $X in 2021. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Machine Tools For Working Metal in Romania

In value terms, machine-tool for working metal production contracted rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt downturn. The growth pace was the most rapid in 2020 when the production volume increased by 137%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Machine Tools For Working Metal

Exports from Romania

In 2021, approx. X units of machine tools for working metal were exported from Romania; with a decrease of -21.6% on 2020. In general, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2015 when exports increased by 216% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for working metal exports skyrocketed to $X in 2021. Overall, exports saw a deep reduction. The pace of growth was the most pronounced in 2017 when exports increased by 143%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), the Czech Republic (X units) and Moldova (X units) were the main destinations of machine-tool for working metal exports from Romania, with a combined 48% 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 the Netherlands (with a CAGR of +72.2%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Turkey ($X) constituted the largest markets for machine-tool for working metal exported from Romania worldwide, with a combined 57% share of total exports. These countries were followed by Bulgaria, Moldova, France, Russia, the Czech Republic, Hungary, Ukraine, the United Arab Emirates, Vietnam and Portugal, which together accounted for a further 24%.

Ukraine, with a CAGR of +135.0%, recorded the highest growth rate of 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 machine-tool for working metal export price amounted to $X per unit, surging by 54% against the previous year. In general, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Vietnam ($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 Bulgaria (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Romania

In 2021, purchases abroad of machine tools for working metal increased by 33% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 52% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, machine-tool for working metal imports totaled $X in 2021. Overall, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 68%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of machine-tool for working metal imports to Romania, together comprising 71% of total imports. These countries were followed by Turkey, Poland, South Korea, the Czech Republic, France, the UK and Spain, which together accounted for a further 18%.

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 +37.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for working metal suppliers to Romania were Italy ($X), Germany ($X) and China ($X), together comprising 68% of total imports. These countries were followed by Turkey, South Korea, Poland, France, the Czech Republic, Spain and the UK, which together accounted for a further 20%.

The Czech Republic, with a CAGR of +34.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 working metal import price amounted to $X per unit, reducing by -22.8% against the previous year. In general, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 35% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per unit), while the price for China ($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 UK (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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