Romania: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Romania

In 2021, the Romanian metal threading machine market was finally on the rise to reach $X after four years of decline. Overall, consumption, however, showed a perceptible contraction. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Metal Threading Machine Production in Romania

In value terms, metal threading machine production stood at $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 1.8% against the previous year. Metal threading machine production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Metal Threading Machine Exports

Exports from Romania

In 2021, exports of threading or tapping machines for working metal from Romania surged to X units, with an increase of 171% compared with the previous year. Overall, exports, however, showed a deep slump. The pace of growth appeared the most rapid in 2020 when exports increased by 4,500% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, metal threading machine exports soared to $X in 2021. Over the period under review, exports continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2014 with an increase of 2,377%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for metal threading machine exports from Romania, with a 90% share of total exports. Moreover, metal threading machine exports to Turkey exceeded the volume sent to the second major destination, Albania (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Turkey amounted to +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+55.9% per year) and France (-33.3% per year).

In value terms, Turkey ($X) emerged as the key foreign market for threading or tapping machines for working metal exports from Romania, comprising 53% of total exports. The second position in the ranking was held by Albania ($X), with a 6.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+19.7% per year) and France (-13.2% per year).

Export Prices by Country

In 2021, the average metal threading machine export price amounted to $X per unit, rising by 9.5% against the previous year. Overall, the export price saw strong growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 537% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Turkey ($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 France (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Threading Machine Imports

Imports into Romania

In 2021, overseas purchases of threading or tapping machines for working metal were finally on the rise to reach X units after two years of decline. In general, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 228% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, metal threading machine imports surged to $X in 2021. Overall, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 149% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of metal threading machine imports to Romania, together comprising 75% of total imports. These countries were followed by the Netherlands, Spain, Bulgaria, Austria and Belgium, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +51.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of threading or tapping machines for working metal to Romania, comprising 36% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.8% per year) and Italy (-30.8% per year).

Import Prices by Country

The average metal threading machine import price stood at $X per unit in 2021, dropping by -15.6% against the previous year. Overall, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 63%. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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