Romania: Wood Slicing Machine Market 2024

Wood Slicing Machine Market Size in Romania

The Romanian wood slicing machine market skyrocketed to $X in 2021, surging by 42% 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). Overall, consumption enjoyed buoyant growth. Wood slicing machine consumption peaked in 2021 and is expected to retain growth in the near future.

Wood Slicing Machine Exports

Exports from Romania

In 2021, overseas shipments of splitting, slicing or paring machines decreased by -11.1% to X units, falling for the second year in a row after two years of growth. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 617%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood slicing machine exports plummeted to $X in 2021. Over the period under review, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of 468%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Hungary (X units), Bosnia and Herzegovina (X units) and Bulgaria (X units) were the main destinations of wood slicing machine exports from Romania, with a combined 75% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Hungary ($X) remains the key foreign market for splitting, slicing or paring machines exports from Romania, comprising 87% of total exports. The second position in the ranking was held by Moldova ($X), with a 6.3% share of total exports. It was followed by Ukraine, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value to Hungary amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (-0.9% per year) and Ukraine (-20.4% per year).

Export Prices by Country

The average wood slicing machine export price stood at $X per unit in 2021, shrinking by -9.6% against the previous year. Overall, the export price, however, recorded buoyant growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 245%. As a result, the export price reached the peak level of $X per unit, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Bulgaria ($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 Bulgaria (+90.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Slicing Machine Imports

Imports into Romania

For the fifth year in a row, Romania recorded growth in supplies from abroad of splitting, slicing or paring machines, which increased by 35% to X units in 2021. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2017 when imports increased by 184%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, wood slicing machine imports surged to $X in 2021. In general, imports continue to indicate a perceptible expansion. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest wood slicing machine supplier to Romania, accounting for a 79% share of total imports. Moreover, wood slicing machine imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +39.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+29.7% per year) and Germany (+28.5% per year).

In value terms, China ($X), Germany ($X) and Poland ($X) appeared to be the largest wood slicing machine suppliers to Romania, with a combined 78% share of total imports. Turkey, Hungary, Austria, the Czech Republic and Bulgaria lagged somewhat behind, together accounting for a further 11%.

In terms of the main suppliers, Hungary, with a CAGR of +55.7%, recorded the highest rates of growth with regard to 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 wood slicing machine import price stood at $X per unit in 2021, picking up by 51% against the previous year. Over the period under review, the import price, however, recorded a deep slump. The pace of growth appeared the most rapid in 2013 an increase of 63%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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