Romania: Memories Market 2024

Memories Market Size in Romania

In 2021, the Romanian memories market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Memories Production in Romania

In value terms, memories production soared to $X in 2021 estimated in export price. Overall, production showed a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Memories Exports

Exports from Romania

Memories exports from Romania contracted rapidly to X units in 2021, waning by -52.2% on 2020 figures. In general, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 79% against the previous year. The exports peaked at X units in 2020, and then contracted remarkably in the following year.

In value terms, memories exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 155%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

Germany (X units), Hong Kong SAR (X units) and Hungary (X units) were the main destinations of memories exports from Romania, together accounting for 55% of total exports. Italy, China, Mexico, Spain, Poland, France, Malaysia and the United States lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +212.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Hong Kong SAR ($X) and Germany ($X) constituted the largest markets for memories exported from Romania worldwide, together accounting for 56% of total exports. These countries were followed by France, Poland, Spain, Hungary, China, the United States, Mexico and Malaysia, which together accounted for a further 23%.

Spain, with a CAGR of +188.9%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2021, the average memories export price amounted to $X per unit, rising by 152% against the previous year. Over the period under review, the export price, however, showed a abrupt downturn. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Mexico ($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 Poland (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Memories Imports

Imports into Romania

In 2021, purchases abroad of multichip integrated circuits: memories was finally on the rise to reach X units after two years of decline. Over the period under review, imports showed buoyant growth. The growth pace was the most rapid in 2017 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, memories imports skyrocketed to $X in 2021. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of memories to Romania, accounting for a 51% share of total imports. Moreover, memories imports from Germany exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. The third position in this ranking was taken by France (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+34.7% per year) and France (+36.6% per year).

In value terms, Germany ($X) constituted the largest supplier of multichip integrated circuits: memories to Romania, comprising 46% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 19% share of total imports. It was followed by the Netherlands, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+19.0% per year) and the Netherlands (+5.3% per year).

Import Prices by Country

The average memories import price stood at $X per unit in 2021, which is down by -2.1% against the previous year. In general, the import price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2020 an increase of 27% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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