Romania: Grinding Machine Market 2024

Grinding Machine Market Size in Romania

The Romanian grinding machine market amounted to $X in 2021, growing by 11% 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). Over the period under review, consumption showed a prominent increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Grinding Machine Exports

Exports from Romania

Grinding machine exports from Romania reduced notably to X units in 2021, dropping by -16.5% against the previous year's figure. Over the period under review, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 70%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, grinding machine exports declined to $X in 2021. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2013 with an increase of 305%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), Turkey (X units) and the UK (X units) were the main destinations of grinding machine exports from Romania, together comprising 54% of total exports. Poland, Germany, Hungary, Singapore, Italy, Austria and France lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +130.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding machine exported from Romania were Singapore ($X), the United States ($X) and the UK ($X), together accounting for 38% of total exports. Turkey, Germany, Italy, Poland, Hungary, France and Austria lagged somewhat behind, together accounting for a further 37%.

Germany, with a CAGR of +95.9%, saw 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

The average grinding machine export price stood at $X per unit in 2021, picking up by 7.9% against the previous year. Overall, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of 174% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while the average price for exports to Austria ($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 (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into Romania

For the third year in a row, Romania recorded growth in overseas purchases of machines having individual functions, for mixing, kneading, crushing or grinding, which increased by 2% to X units in 2021. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 75%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, grinding machine imports rose markedly to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 81% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest grinding machine supplier to Romania, with a 39% share of total imports. Moreover, grinding machine imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Poland (X units) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.3% per year) and Poland (+48.0% per year).

In value terms, the largest grinding machine suppliers to Romania were Germany ($X), Italy ($X) and Poland ($X), together comprising 61% of total imports.

Poland, with a CAGR of +32.6%, saw the highest rates of growth with regard to 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 grinding machine import price amounted to $X per unit, growing by 7% against the previous year. In general, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 15% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for the United States ($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 (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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