Romania: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Romania

In 2022, the Romanian non-numerically controlled sharpening machine market increased by 13% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a strong increase. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Romania

In 2022, overseas shipments of non-numerically controlled sharpening machines for working metal decreased by -13.5% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports, however, enjoyed a tangible expansion. The growth pace was the most rapid in 2019 when exports increased by 141% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-numerically controlled sharpening machine exports amounted to $X in 2022. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 147% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for non-numerically controlled sharpening machine exports from Romania, accounting for a 48% share of total exports. Moreover, non-numerically controlled sharpening machine exports to France exceeded the volume sent to the second major destination, Hungary (X units), threefold. The third position in this ranking was held by Bulgaria (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +151.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+7.9% per year) and Bulgaria (+14.9% per year).

In value terms, France ($X) remains the key foreign market for non-numerically controlled sharpening machines for working metal exports from Romania, comprising 52% of total exports. The second position in the ranking was held by Austria ($X), with a 21% share of total exports. It was followed by Moldova, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +182.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+31.4% per year) and Moldova (-6.7% per year).

Export Prices by Country

The average non-numerically controlled sharpening machine export price stood at $X per unit in 2022, surging by 31% against the previous year. Overall, the export price recorded a mild expansion. The pace of growth appeared the most rapid in 2016 an increase of 223% against the previous year. As a result, the export price reached 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 Austria ($X per unit), while the average price for exports to Bulgaria ($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 (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Romania

In 2022, the amount of non-numerically controlled sharpening machines for working metal imported into Romania skyrocketed to X units, jumping by 21% on the previous year. In general, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 153%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, non-numerically controlled sharpening machine imports declined to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by 110%. Imports peaked at $X in 2021, and then fell slightly in the following year.

Imports by Country

Germany (X units), China (X units) and Bulgaria (X units) were the main suppliers of non-numerically controlled sharpening machine imports to Romania, with a combined 96% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +83.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Poland ($X) were the largest non-numerically controlled sharpening machine suppliers to Romania, together comprising 63% of total imports. The Czech Republic and Bulgaria lagged somewhat behind, together comprising a further 8.5%.

Among the main suppliers, Bulgaria, with a CAGR of +83.7%, saw the highest rates of growth with regard to 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-numerically controlled sharpening machine import price stood at $X per unit in 2022, shrinking by -19.4% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2013 when the average import price increased by 73% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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 the Czech Republic ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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