Romania: Non-Domestic Dryer Market 2024

Non-Domestic Dryer Market Size in Romania

The Romanian non-domestic dryer market fell to $X in 2021, shrinking by -13.6% against the previous year. Overall, consumption recorded a pronounced decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Non-Domestic Dryer Production in Romania

In value terms, non-domestic dryer production dropped to $X in 2021 estimated in export price. In general, production showed a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. Non-domestic dryer production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Non-Domestic Dryer Exports

Exports from Romania

Non-domestic dryer exports from Romania skyrocketed to X units in 2021, increasing by 61% on 2020. In general, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 197% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, non-domestic dryer exports surged to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 263%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Iceland (X units) was the main destination for non-domestic dryer exports from Romania, with a 77% share of total exports. Moreover, non-domestic dryer exports to Iceland exceeded the volume sent to the second major destination, the United States (X units), ninefold. Germany (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iceland amounted to +202.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+78.4% per year) and Germany (-20.9% per year).

In value terms, Iceland ($X) emerged as the key foreign market for non-domestic dryers exports from Romania, comprising 83% of total exports. The second position in the ranking was taken by Moldova ($X), with a 7.1% share of total exports. It was followed by the United States, with a 4% share.

From 2012 to 2021, the average annual growth rate of value to Iceland stood at +153.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (-7.6% per year) and the United States (+40.3% per year).

Export Prices by Country

In 2021, the average non-domestic dryer export price amounted to $X per unit, dropping by -3.8% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth was the most pronounced in 2014 an increase of 124%. Over the period under review, the average export prices hit record highs 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 Moldova ($X per unit), while the average price for exports to Germany ($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 Mexico (+19.9%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Domestic Dryer Imports

Imports into Romania

In 2021, approx. X units of non-domestic dryers were imported into Romania; picking up by 11% on 2020. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 102% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, non-domestic dryer imports surged to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% 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 -3.0% against 2018 indices. The growth pace was the most rapid in 2018 when imports increased by 63%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X units) constituted the largest supplier of non-domestic dryer to Romania, accounting for a 74% share of total imports. Moreover, non-domestic dryer imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Italy (X units) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +60.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.1% per year) and Italy (+0.7% per year).

In value terms, Turkey ($X), Germany ($X) and Italy ($X) were the largest non-domestic dryer suppliers to Romania, with a combined 73% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +53.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-domestic dryer import price stood at $X per unit in 2021, surging by 13% against the previous year. In general, the import price, however, recorded a noticeable slump. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat 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 Belgium ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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