Romania: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Romania

The Romanian pedestrian-controlled tractor market contracted markedly to $X in 2022, with a decrease of -21% against the previous year. Over the period under review, consumption continues to indicate a pronounced downturn. Pedestrian-controlled tractor consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Pedestrian-Controlled Tractor Production in Romania

In value terms, pedestrian-controlled tractor production surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a precipitous setback. The pace of growth was the most pronounced in 2019 with an increase of 65% against the previous year. Pedestrian-controlled tractor production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Pedestrian-Controlled Tractor Exports

Exports from Romania

In 2022, shipments abroad of pedestrian-controlled tractors decreased by -28.8% to X units for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 2,500%. Over the period under review, the exports reached the peak figure at X units in 2021, and then fell dramatically in the following year.

In value terms, pedestrian-controlled tractor exports contracted notably to $X in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 668%. The exports peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Croatia (X units), Bosnia and Herzegovina (X units) and Hungary (X units) were the main destinations of pedestrian-controlled tractor exports from Romania, with a combined 62% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +162.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Bosnia and Herzegovina ($X) and Hungary ($X) were the largest markets for pedestrian-controlled tractor exported from Romania worldwide, together accounting for 59% of total exports.

Bosnia and Herzegovina, with a CAGR of +166.6%, saw 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

The average pedestrian-controlled tractor export price stood at $X per unit in 2022, surging by 7% against the previous year. In general, the export price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 103%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($X per unit), while the average price for exports to Latvia ($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 Greece (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pedestrian-Controlled Tractor Imports

Imports into Romania

In 2022, purchases abroad of pedestrian-controlled tractors decreased by -26.1% to X units for the first time since 2015, thus ending a six-year rising trend. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 543% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then declined remarkably in the following year.

In value terms, pedestrian-controlled tractor imports dropped to $X in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 288%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of pedestrian-controlled tractor to Romania, accounting for a 95% share of total imports. It was followed by Hungary (X units), with a 1.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +67.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+32.1% per year) and Italy (-4.3% per year).

In value terms, China ($X) constituted the largest supplier of pedestrian-controlled tractors to Romania, comprising 89% of total imports. The second position in the ranking was held by Hungary ($X), with a 4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +66.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+26.9% per year) and Italy (-4.3% per year).

Import Prices by Country

In 2022, the average pedestrian-controlled tractor import price amounted to $X per unit, increasing by 15% against the previous year. Over the period under review, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2021 an increase of 27%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :