Romania: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in Romania

For the third year in a row, the Romanian market for motor vehicle chassis fitted with engines recorded growth in sales value, which increased by 81% to $X in 2022. In general, consumption recorded a strong expansion. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from Romania

In 2022, exports of motor vehicle chassis fitted with engines from Romania surged to X units, jumping by 57% compared with 2021. Overall, exports recorded perceptible growth. The most prominent rate of growth was recorded in 2015 with an increase of 129% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of motor vehicle chassis fitted with engines skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 242%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Turkey (X units), Germany (X units) and Serbia (X units) were the main destinations of exports of motor vehicle chassis fitted with engines from Romania, together accounting for 73% of total exports. Paraguay, the Czech Republic, the Netherlands, France, Iraq, Jordan, Belgium and Spain lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +17.0%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Serbia ($X) and Germany ($X) were the largest markets for motor vehicle chassis fitted with engines exported from Romania worldwide, together accounting for 87% of total exports. The Czech Republic, France, the Netherlands, Spain, Paraguay, Jordan, Iraq and Belgium lagged somewhat behind, together comprising a further 13%.

Among the main countries of destination, Jordan, with a CAGR of +10.6%, recorded 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

The average export price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, falling by -23.5% against the previous year. Overall, the export price, however, showed temperate growth. The pace of growth was the most pronounced in 2014 an increase of 53%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Belgium ($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 France (+13.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into Romania

In 2022, imports of motor vehicle chassis fitted with engines into Romania skyrocketed to X units, rising by 31% on 2021. Over the period under review, imports enjoyed notable growth. The most prominent rate of growth was recorded in 2013 with an increase of 57%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of motor vehicle chassis fitted with engines surged to $X in 2022. In general, imports enjoyed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X units) constituted the largest motor vehicle chassis fitted with engines supplier to Romania, accounting for a 64% share of total imports. Moreover, imports of motor vehicle chassis fitted with engines from Italy exceeded the figures recorded by the second-largest supplier, France (X units), fourfold. The third position in this ranking was held by Germany (X units), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +47.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+13.5% per year) and Germany (-2.7% per year).

In value terms, Italy ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to Romania, comprising 78% of total imports. The second position in the ranking was held by France ($X), with a 7.4% share of total imports. It was followed by Germany, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +53.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.0% per year) and Germany (-4.0% per year).

Import Prices by Country

In 2022, the average import price for motor vehicle chassis fitted with engines amounted to $X per unit, increasing by 72% against the previous year. Overall, the import price continues to indicate a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :