Romania: Pump For Liquid Market 2024

Pump For Liquid Market Size in Romania

In 2021, the Romanian pump for liquid market decreased by -43.6% to $X, falling for the second year in a row after four years of growth. Overall, consumption continues to indicate a drastic downturn. Pump for liquid consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Pump For Liquid Production in Romania

In value terms, pump for liquid production surged to $X in 2021 estimated in export price. In general, production, however, saw a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 145%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Pump For Liquid Exports

Exports from Romania

For the tenth consecutive year, Romania recorded growth in shipments abroad of pumps for liquids and liquid elevators, which increased by 16% to X units in 2021. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2017 when exports increased by 69% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, pump for liquid exports skyrocketed to $X in 2021. Overall, exports recorded prominent growth. The pace of growth was the most pronounced in 2013 when exports increased by 42%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for pump for liquid exports from Romania, with a 38% share of total exports. Moreover, pump for liquid exports to Germany exceeded the volume sent to the second major destination, Poland (X units), fivefold. Hungary (X units) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +53.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+56.5% per year) and Hungary (+73.3% per year).

In value terms, Germany ($X) remains the key foreign market for pumps for liquids and liquid elevators exports from Romania, comprising 28% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by Hungary, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+35.2% per year) and Hungary (+66.3% per year).

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2021, standing approx. at the previous year. In general, the export price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2018 an increase of 5.6%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Turkey ($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 Italy (+28.3%), while the prices for the other major destinations experienced a decline.

Pump For Liquid Imports

Imports into Romania

In 2021, approx. X units of pumps for liquids and liquid elevators were imported into Romania; with an increase of 27% on the previous year's figure. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, pump for liquid imports rose notably to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 23%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of pump for liquid imports to Romania, with a combined 74% share of total imports. These countries were followed by France, Hungary, Poland, Bulgaria, the United States, Spain and Turkey, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +57.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pump for liquid suppliers to Romania were Germany ($X), Italy ($X) and China ($X), with a combined 60% share of total imports.

China, with a CAGR of +16.7%, 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

In 2021, the average pump for liquid import price amounted to $X per unit, declining by -15.5% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 a decrease of -0.5% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform