Romania: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Romania

The Romanian machine tool for metal market surged to $X in 2021, rising by 98% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a remarkable increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Romania

For the third consecutive year, Romania recorded growth in shipments abroad of machine tools for working metal without removing metal, which increased by 74% to X units in 2021. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 640% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, machine tool for metal exports skyrocketed to $X in 2021. Over the period under review, exports showed buoyant growth. The pace of growth was the most pronounced in 2013 when exports increased by 637% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X units) was the main destination for machine tool for metal exports from Romania, with a 55% share of total exports. Moreover, machine tool for metal exports to Italy exceeded the volume sent to the second major destination, Georgia (X units), threefold. Moldova (X units) ranked third in terms of total exports with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (0.0% per year) and Moldova (+59.5% per year).

In value terms, Italy ($X) emerged as the key foreign market for machine tools for working metal without removing metal exports from Romania, comprising 79% of total exports. The second position in the ranking was taken by Moldova ($X), with a 13% share of total exports. It was followed by Germany, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+103.8% per year) and Germany (+18.6% per year).

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2021, increasing by 88% against the previous year. Overall, the export price, however, showed a deep setback. The growth pace was the most rapid in 2013 when the average export price increased by 427% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Georgia ($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 the United States (+2,231.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Romania

Machine tool for metal imports into Romania soared to X units in 2021, jumping by 118% compared with the previous year's figure. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 272%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, machine tool for metal imports surged to $X in 2021. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 77% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Austria (X units) and Italy (X units) were the main suppliers of machine tool for metal imports to Romania, with a combined 74% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +91.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine tool for metal suppliers to Romania were China ($X), Austria ($X) and Turkey ($X), with a combined 76% share of total imports.

Among the main suppliers, Austria, with a CAGR of +93.0%, saw 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 machine tool for metal import price stood at $X per unit in 2021, declining by -25.6% against the previous year. Over the period under review, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 55%. Over the period under review, average import prices reached the maximum 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 Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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