Romania: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Romania

In 2021, the Romanian market for parts of harvester and threshers decreased by -13.2% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.9% against 2018 indices. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Production of Parts Of Harvester And Threshers in Romania

In value terms, parts of harvester and threshers production declined to $X in 2021 estimated in export price. In general, production, however, enjoyed prominent growth. The growth pace was the most rapid in 2019 with an increase of 125% against the previous year. Parts of harvester and threshers production peaked at $X in 2020, and then contracted in the following year.

Exports of Parts Of Harvester And Threshers

Exports from Romania

In 2021, shipments abroad of parts of harvester and threshers was finally on the rise to reach X units after three years of decline. Overall, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2014 when exports increased by 25% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, parts of harvester and threshers exports shrank sharply to $X in 2021. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 47% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then fell dramatically in the following year.

Exports by Country

Belgium (X units) was the main destination for parts of harvester and threshers exports from Romania, accounting for a 47% share of total exports. Moreover, parts of harvester and threshers exports to Belgium exceeded the volume sent to the second major destination, France (X units), fivefold. The Netherlands (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium amounted to +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+10.2% per year) and the Netherlands (+35.3% per year).

In value terms, Belgium ($X) emerged as the key foreign market for parts of harvester and threshers exports from Romania, comprising 44% of total exports. The second position in the ranking was taken by France ($X), with a 12% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Belgium amounted to +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+7.3% per year) and Germany (+15.1% per year).

Export Prices by Country

In 2021, the average export price for parts of harvester and threshers amounted to $X per unit, which is down by -22.5% against the previous year. Over the period under review, the export price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2019 an increase of 44% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Austria ($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 Slovakia (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into Romania

In 2021, overseas purchases of parts of harvester and threshers were finally on the rise to reach X units after two years of decline. In general, imports enjoyed a measured increase. The growth pace was the most rapid in 2018 with an increase of 108%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, parts of harvester and threshers imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a resilient increase 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. The growth pace was the most rapid in 2013 when imports increased by 50%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of parts of harvester and threshers to Romania, accounting for a 31% share of total imports. Moreover, parts of harvester and threshers imports from Germany exceeded the figures recorded by the second-largest supplier, Bulgaria (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+14.3% per year) and Italy (+6.5% per year).

In value terms, the largest parts of harvester and threshers suppliers to Romania were Germany ($X), Bulgaria ($X) and Hungary ($X), with a combined 66% share of total imports. Italy, France, China, Poland, Austria, the Netherlands and Turkey lagged somewhat behind, together comprising a further 29%.

China, with a CAGR of +33.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for parts of harvester and threshers stood at $X per unit in 2021, rising by 21% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of harvester and threshers import price increased by +101.4% against 2018 indices. The growth pace was the most rapid in 2020 an increase of 52% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform