Romania: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Romania

In 2021, the Romanian machine-tool for working wood market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a perceptible decrease. Machine-tool for working wood consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Machine-Tools For Working Wood in Romania

In value terms, machine-tool for working wood production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 40% against the previous year. Machine-tool for working wood production peaked at $X in 2020, and then shrank in the following year.

Exports of Machine-Tools For Working Wood

Exports from Romania

Machine-tool for working wood exports from Romania declined to X tons in 2021, dropping by -10% against the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 107% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for working wood exports expanded to $X in 2021. Overall, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -32.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 77% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons), the United States (X tons) and Germany (X tons) were the main destinations of machine-tool for working wood exports from Romania, together comprising 33% of total exports. These countries were followed by Ukraine, Bulgaria, Bosnia and Herzegovina, Turkey, Portugal, Hungary, Moldova and Russia, which together accounted for a further 52%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +95.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working wood exported from Romania were Germany ($X), Bulgaria ($X) and Italy ($X), together accounting for 43% of total exports. The United States, Hungary, Portugal, Ukraine, Moldova, Turkey, Bosnia and Herzegovina and Russia lagged somewhat behind, together comprising a further 42%.

In terms of the main countries of destination, Portugal, with a CAGR of +108.9%, 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

In 2021, the average machine-tool for working wood export price amounted to $X per ton, rising by 15% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, machine-tool for working wood export price increased by +33.9% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of 48% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

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 Russia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Russia (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Romania

In 2021, supplies from abroad of machine-tools for working wood increased by 12% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a pronounced slump. The pace of growth was the most pronounced in 2018 when imports increased by 33%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, machine-tool for working wood imports surged to $X in 2021. In general, imports, however, saw a perceptible curtailment. The growth pace was the most rapid in 2018 with an increase of 30% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of machine-tool for working wood imports to Romania, together accounting for 67% of total imports. These countries were followed by Austria, Turkey, Bulgaria, Poland, France and Taiwan (Chinese), which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +24.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for working wood suppliers to Romania were Italy ($X), Germany ($X) and China ($X), together comprising 67% of total imports. These countries were followed by Austria, Bulgaria, Turkey, Poland, France and Taiwan (Chinese), which together accounted for a further 25%.

Bulgaria, with a CAGR of +27.5%, saw the highest growth rate of the value of imports, among the main suppliers 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 working wood import price stood at $X per ton in 2021, increasing by 6.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 8.9% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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