Romania: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in Romania

The Romanian pneumatic elevator market fell notably to $X in 2022, which is down by -71.9% against the previous year. Overall, consumption continues to indicate a abrupt decrease. Pneumatic elevator consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Pneumatic Elevator Production in Romania

In value terms, pneumatic elevator production rose markedly to $X in 2022 estimated in export price. In general, production recorded a mild contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 16% against the previous year. Pneumatic elevator production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Pneumatic Elevator Exports

Exports from Romania

In 2022, the amount of pneumatic elevators and conveyors exported from Romania soared to X units, picking up by 119% on 2021 figures. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 422%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, pneumatic elevator exports surged to $X in 2022. Overall, exports posted a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 233% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), France (X units) and Bulgaria (X units) were the main destinations of pneumatic elevator exports from Romania, together comprising 82% of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +94.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for pneumatic elevators and conveyors exports from Romania, comprising 58% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 17% share of total exports. It was followed by the United States, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +170.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+39.0% per year) and the United States (+10.1% per year).

Export Prices by Country

In 2022, the average pneumatic elevator export price amounted to $X per unit, growing by 22% against the previous year. Overall, the export price, however, showed a pronounced descent. The pace of growth was the most pronounced in 2016 an increase of 48%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to France ($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 Ukraine (+92.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pneumatic Elevator Imports

Imports into Romania

In 2022, the amount of pneumatic elevators and conveyors imported into Romania amounted to less than X units, approximately reflecting the previous year. Overall, imports showed significant growth. The growth pace was the most rapid in 2015 with an increase of 86%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, pneumatic elevator imports amounted to $X in 2022. Over the period under review, imports saw prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by 107% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Italy (X units) and the Netherlands (X units) were the main suppliers of pneumatic elevator imports to Romania, together accounting for 81% of total imports.

From 2014 to 2015, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +3,300.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the Netherlands ($X) constituted the largest pneumatic elevator suppliers to Romania, with a combined 83% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +4,007.4%, saw 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

In 2015, the average pneumatic elevator import price amounted to $X per unit, falling by -3.7% against the previous year. Over the period under review, the import price saw a perceptible shrinkage. The import price peaked at $X per unit in 2014, and then dropped slightly in the following year.

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

From 2014 to 2015, the most notable rate of growth in terms of prices was attained by the Netherlands (+20.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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