Romania: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Romania

In 2022, the Romanian ride-on compaction equipment market decreased by -24.1% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, posted a measured increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Ride-On Compaction Equipment Exports

Exports from Romania

Ride-on compaction equipment exports from Romania rose to X units in 2022, picking up by 2.1% against 2021. Overall, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.0% against 2017 indices. The pace of growth was the most pronounced in 2013 when exports increased by 98% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ride-on compaction equipment exports declined to $X in 2022. In general, exports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2013 with an increase of 65%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bulgaria (X units) was the main destination for ride-on compaction equipment exports from Romania, accounting for a 51% share of total exports. Moreover, ride-on compaction equipment exports to Bulgaria exceeded the volume sent to the second major destination, Hungary (X units), threefold. The third position in this ranking was taken by Moldova (X units), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria stood at +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-0.6% per year) and Moldova (+4.1% per year).

In value terms, Bulgaria ($X) remains the key foreign market for ride-on compaction equipment exports from Romania, comprising 47% of total exports. The second position in the ranking was taken by Hungary ($X), with a 14% share of total exports. It was followed by Moldova, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Bulgaria totaled +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-8.2% per year) and Moldova (+6.0% per year).

Export Prices by Country

In 2022, the average ride-on compaction equipment export price amounted to $X per unit, shrinking by -11.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 an increase of 19% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Czech Republic ($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 Iraq (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Ride-On Compaction Equipment Imports

Imports into Romania

In 2022, overseas purchases of ride-on compaction equipment decreased by -20.5% to X units, falling for the second year in a row after three years of growth. In general, imports, however, saw a moderate increase. The most prominent rate of growth was recorded in 2018 with an increase of 70%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, ride-on compaction equipment imports shrank significantly to $X in 2022. Over the period under review, imports, however, posted measured growth. The most prominent rate of growth was recorded in 2018 with an increase of 81% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of ride-on compaction equipment to Romania, accounting for a 29% share of total imports. Moreover, ride-on compaction equipment imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The UK (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.5% per year) and the UK (+9.5% per year).

In value terms, Germany ($X) constituted the largest supplier of ride-on compaction equipment to Romania, comprising 59% of total imports. The second position in the ranking was taken by France ($X), with a 7.8% share of total imports. It was followed by the Netherlands, with a 5% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.6% per year) and the Netherlands (+11.7% per year).

Import Prices by Country

In 2022, the average ride-on compaction equipment import price amounted to $X per unit, almost unchanged from the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ride-on compaction equipment import price decreased by -12.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 62% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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