Romania: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Romania

In 2022, the Romanian market for spray guns and similar appliances increased by 36% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted a temperate increase. Spray guns and similar appliances consumption peaked in 2022 and is expected to retain growth in the near future.

Exports of Spray Guns And Similar Appliances

Exports from Romania

In 2022, overseas shipments of spray guns and similar appliances decreased by -30.9% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a pronounced descent. The pace of growth was the most pronounced in 2016 with an increase of 30%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, spray guns and similar appliances exports dropped rapidly to $X in 2022. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +38.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 71% against the previous year. As a result, the exports reached the peak of $X, and then fell markedly in the following year.

Exports by Country

Italy (X units) was the main destination for spray guns and similar appliances exports from Romania, accounting for a 68% share of total exports. Moreover, spray guns and similar appliances exports to Italy exceeded the volume sent to the second major destination, Bulgaria (X units), fivefold. Hungary (X units) ranked third in terms of total exports with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-2.2% per year) and Hungary (+13.4% per year).

In value terms, Italy ($X) remains the key foreign market for spray guns and similar appliances exports from Romania, comprising 71% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 9.7% share of total exports. It was followed by Moldova, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-2.8% per year) and Moldova (+31.7% per year).

Export Prices by Country

The average export price for spray guns and similar appliances stood at $X per unit in 2022, jumping by 17% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price 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, spray guns and similar appliances export price increased by +65.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 46%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per unit) and Moldova ($X per unit), while the average price for exports to Hungary ($X per unit) and Bulgaria ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Spray Guns And Similar Appliances

Imports into Romania

In 2022, supplies from abroad of spray guns and similar appliances increased by 16% to X units, rising for the second consecutive year after two years of decline. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 66%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, spray guns and similar appliances imports skyrocketed to $X in 2022. In general, imports enjoyed moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of 35% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Germany (X units), China (X units) and Hungary (X units) were the main suppliers of spray guns and similar appliances imports to Romania, together comprising 61% of total imports. Italy, Poland, Belgium, Turkey and the UK lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +37.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of spray guns and similar appliances to Romania, comprising 39% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Belgium, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.7% per year) and Belgium (+16.4% per year).

Import Prices by Country

In 2022, the average import price for spray guns and similar appliances amounted to $X per unit, with an increase of 13% against the previous year. In general, the import price showed notable growth. The growth pace was the most rapid in 2017 when the average import price increased by 30%. The import price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :