Romania: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Romania

The Romanian full-rotation excavator market surged to $X in 2021, jumping by 36% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a significant expansion. Full-rotation excavator consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Full-Rotation Excavator Exports

Exports from Romania

In 2021, after two years of decline, there was significant growth in shipments abroad of self-propelled full-rotation excavators and bulldozers, when their volume increased by 18% to X units. In general, exports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 with an increase of 63%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, full-rotation excavator exports skyrocketed to $X in 2021. Overall, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +15.4% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 54%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Hungary (X units) was the main destination for full-rotation excavator exports from Romania, accounting for a 44% share of total exports. Moreover, full-rotation excavator exports to Hungary exceeded the volume sent to the second major destination, Moldova (X units), threefold. The third position in this ranking was taken by Ukraine (X units), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hungary totaled +36.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+3.1% per year) and Ukraine (-27.1% per year).

In value terms, Hungary ($X) remains the key foreign market for self-propelled full-rotation excavators and bulldozers exports from Romania, comprising 42% of total exports. The second position in the ranking was held by Moldova ($X), with a 21% share of total exports. It was followed by Bulgaria, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hungary stood at +38.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+8.5% per year) and Bulgaria (-3.9% per year).

Export Prices by Country

The average full-rotation excavator export price stood at $X per unit in 2021, increasing by 3.8% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, full-rotation excavator export price increased by +24.2% against 2019 indices. The growth pace was the most rapid in 2013 when the average export price increased by 138%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Ukraine ($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 Spain (+113.1%), while the prices for the other major destinations experienced more modest paces of growth.

Full-Rotation Excavator Imports

Imports into Romania

For the fifth year in a row, Romania recorded growth in purchases abroad of self-propelled full-rotation excavators and bulldozers, which increased by 23% to X units in 2021. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 77%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, full-rotation excavator imports surged to $X in 2021. In general, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 113%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Belgium (X units), France (X units) and Germany (X units) were the main suppliers of full-rotation excavator imports to Romania, with a combined 40% share of total imports. These countries were followed by China, the Netherlands, Austria, Japan, Italy, the UK, Hungary, Bulgaria, the Czech Republic and Sweden, which together accounted for a further 51%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +94.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest full-rotation excavator suppliers to Romania were the Netherlands ($X), France ($X) and Germany ($X), with a combined 46% share of total imports. Austria, Belgium, China, Hungary, the UK, Italy, Japan, Bulgaria, Sweden and the Czech Republic lagged somewhat behind, together comprising a further 45%.

China, with a CAGR of +62.9%, 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 full-rotation excavator import price stood at $X per unit in 2021, rising by 15% against the previous year. Overall, the import price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2018 an increase of 31% against the previous year. Over the period under review, average import prices attained the peak figure 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 Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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