Romania: Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size in Romania

In 2022, after three years of growth, there was significant decline in the Romanian personal weighing machine market, when its value decreased by -22.1% to $X. Over the period under review, consumption, however, posted a tangible expansion. Personal weighing machine consumption peaked at $X in 2021, and then declined notably in the following year.

Personal Weighing Machine Exports

Exports from Romania

In 2022, the amount of personal weighing machines exported from Romania fell dramatically to X units, dropping by -25.3% compared with the year before. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 4,317%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, personal weighing machine exports fell significantly to $X in 2022. Overall, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2014 when exports increased by 1,818%. The exports peaked at $X in 2021, and then plummeted in the following year.

Exports by Country

Bulgaria (X units), Slovakia (X units) and Moldova (X units) were the main destinations of personal weighing machine exports from Romania, with a combined 45% share of total exports. Turkey, Poland, Hungary, Germany, France, Israel, Slovenia, Greece, Croatia and Sweden lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +153.0%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X) remains the key foreign market for personal weighing machines exports from Romania, comprising 30% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 13% share of total exports. It was followed by Moldova, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Bulgaria amounted to +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+66.4% per year) and Moldova (+59.0% per year).

Export Prices by Country

The average personal weighing machine export price stood at $X per unit in 2022, shrinking by -16.3% against the previous year. In general, the export price showed a deep slump. The growth pace was the most rapid in 2020 when the average export price increased by 84% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to France ($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 Sweden (+5.1%), while the prices for the other major destinations experienced a decline.

Personal Weighing Machine Imports

Imports into Romania

In 2022, after three years of growth, there was significant decline in supplies from abroad of personal weighing machines, when their volume decreased by -23.5% to X units. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 30% against the previous year. Imports peaked at X units in 2021, and then reduced dramatically in the following year.

In value terms, personal weighing machine imports fell sharply to $X in 2022. In general, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 36%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted significantly in the following year.

Imports by Country

China (X units), Germany (X units) and Slovakia (X units) were the main suppliers of personal weighing machine imports to Romania, together comprising 81% of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +206.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Slovakia ($X) were the largest personal weighing machine suppliers to Romania, with a combined 67% share of total imports.

Slovakia, with a CAGR of +168.6%, saw 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 personal weighing machine import price stood at $X per unit in 2022, with an increase of 2% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 20%. The import price peaked at $X per unit in 2020; however, from 2021 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 Hungary ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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