Romania: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Romania

In 2021, after four years of growth, there was significant decline in the Romanian self-propelled bulldozer market, when its value decreased by -23.7% to $X. In general, consumption, however, posted prominent growth. Over the period under review, the market reached the peak level at $X in 2020, and then reduced dramatically in the following year.

Self-Propelled Bulldozer Exports

Exports from Romania

In 2021, after two years of decline, there was significant growth in shipments abroad of self-propelled bulldozers and excavators, when their volume increased by 98% to X units. Over the period under review, exports saw a remarkable increase. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, self-propelled bulldozer exports surged to $X in 2021. Overall, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X units) was the main destination for self-propelled bulldozer exports from Romania, accounting for a 48% share of total exports. Moreover, self-propelled bulldozer exports to Hungary exceeded the volume sent to the second major destination, Moldova (X units), twofold. Ukraine (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hungary stood at +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+26.0% per year) and Ukraine (+22.0% per year).

In value terms, Hungary ($X), Moldova ($X) and Bulgaria ($X) constituted the largest markets for self-propelled bulldozer exported from Romania worldwide, together accounting for 84% of total exports.

Among the main countries of destination, Moldova, with a CAGR of +36.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average self-propelled bulldozer export price stood at $X per unit in 2021, picking up by 11% against the previous year. In general, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, self-propelled bulldozer export price increased by +58.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 43%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

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 Bulgaria ($X per unit), while the average price for exports to Egypt ($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 Russia (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Bulldozer Imports

Imports into Romania

After four years of growth, supplies from abroad of self-propelled bulldozers and excavators decreased by -26.2% to X units in 2021. Over the period under review, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 105%. Imports peaked at X units in 2020, and then reduced notably in the following year.

In value terms, self-propelled bulldozer imports shrank to $X in 2021. In general, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 101% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X units), Turkey (X units) and the UK (X units) were the main suppliers of self-propelled bulldozer imports to Romania, with a combined 41% share of total imports. Poland, Austria, Germany, Italy, the Netherlands, China, Japan, Bulgaria, Hungary and Spain lagged somewhat behind, together accounting for a further 52%.

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 +47.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled bulldozer suppliers to Romania were Turkey ($X), France ($X) and the UK ($X), together accounting for 56% of total imports. Germany, Poland, Italy, Austria, Bulgaria, the Netherlands, Hungary, China, Japan and Spain lagged somewhat behind, together accounting for a further 39%.

Among the main suppliers, Japan, with a CAGR of +61.7%, recorded 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

The average self-propelled bulldozer import price stood at $X per unit in 2021, rising by 22% against the previous year. In general, the import price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 an increase of 46%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 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 Turkey ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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