Romania: Relay Market 2024

Relay Market Size in Romania

The Romanian relay market contracted markedly to $X in 2022, falling by -23.3% against the previous year. Overall, consumption, however, showed a remarkable increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Relay Production in Romania

In value terms, relay production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, showed significant growth. The growth pace was the most rapid in 2018 when the production volume increased by 265% against the previous year. Relay production peaked at $X in 2021, and then fell modestly in the following year.

Relay Exports

Exports from Romania

In 2022, overseas shipments of relays increased by 10% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, relay exports expanded to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for relay exports from Romania, with a 79% share of total exports. Moreover, relay exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), more than tenfold. The third position in this ranking was held by Serbia (X units), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+78.8% per year) and Serbia (+52.3% per year).

In value terms, Germany ($X) remains the key foreign market for relays exports from Romania, comprising 73% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 7% share of total exports. It was followed by Serbia, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+58.5% per year) and Serbia (+28.7% per year).

Export Prices by Country

The average relay export price stood at $X per unit in 2022, waning by -7.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2017 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then contracted in the following year.

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 Hungary ($X per unit), while the average price for exports to Ukraine ($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 Hungary (+18.0%), while the prices for the other major destinations experienced mixed trend patterns.

Relay Imports

Imports into Romania

In 2022, approx. X units of relays were imported into Romania; with a decrease of -12.6% against the previous year. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 29% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, relay imports declined to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +6.9% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 23%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of relay to Romania, with a 47% share of total imports. Moreover, relay imports from Germany exceeded the figures recorded by the second-largest supplier, Portugal (X units), threefold. China (X units) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+16.1% per year) and China (+15.0% per year).

In value terms, Germany ($X) constituted the largest supplier of relays to Romania, comprising 51% of total imports. The second position in the ranking was taken by Portugal ($X), with a 7.9% share of total imports. It was followed by the Netherlands, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+5.3% per year) and the Netherlands (+2.6% per year).

Import Prices by Country

The average relay import price stood at $X per unit in 2022, surging by 8.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 21%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :