Romania: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in Romania

The Romanian air or gas liquefier market dropped slightly to $X in 2022, waning by -4.3% against the previous year. In general, consumption recorded a mild contraction. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Machinery for Liquefying Air or Gases in Romania

In value terms, air or gas liquefier production shrank to $X in 2022 estimated in export price. Overall, production recorded a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of 73% against the previous year. Air or gas liquefier production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Machinery for Liquefying Air or Gases

Exports from Romania

In 2022, exports of machinery for liquefying air or gases from Romania stood at X units, standing approx. at 2021 figures. Overall, exports saw a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by 200% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, air or gas liquefier exports contracted dramatically to $X in 2022. Over the period under review, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2016 with an increase of 34,633%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X units) and Hungary (X units) were the main destinations of air or gas liquefier exports from Romania.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of 0.0%).

In value terms, the largest markets for air or gas liquefier exported from Romania were Hungary ($X), Belgium ($X) and Moldova ($X), together comprising 100% of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +19.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average air or gas liquefier export price stood at $X per unit in 2022, which is down by -55.3% against the previous year. In general, the export price showed a sharp reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 44,457% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Moldova ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+4,428,230.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machinery for Liquefying Air or Gases

Imports into Romania

For the third year in a row, Romania recorded growth in supplies from abroad of machinery for liquefying air or gases, which increased by 50% to X units in 2022. Overall, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 150%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, air or gas liquefier imports fell rapidly to $X in 2022. In general, imports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 556% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Hong Kong SAR (X units), Spain (X units) and South Korea (X units) were the main suppliers of air or gas liquefier imports to Romania.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of 0.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of machinery for liquefying air or gases to Romania, comprising 38% of total imports. The second position in the ranking was taken by Spain ($X), with a 2.2% share of total imports. It was followed by South Korea, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+60.0% per year) and South Korea (+5.2% per year).

Import Prices by Country

The average air or gas liquefier import price stood at $X per unit in 2022, falling by -87.9% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 2,072% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+62.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :