Romania: Timer Market 2025

Timer Market Size in Romania

The Romanian timer market skyrocketed to $X in 2022, picking up by 311% 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 continues to indicate a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Timer Exports

Exports from Romania

For the third year in a row, Romania recorded growth in shipments abroad of timers, which increased by 47% to X units in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 345% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, timer exports soared to $X in 2022. In general, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of 1,365% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Bulgaria (X units), Hungary (X units) and Turkey (X units) were the main destinations of timer exports from Romania, with a combined 99% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +90.8%), while the other leaders experienced mixed trend patterns.

In value terms, Bulgaria ($X) emerged as the key foreign market for timers exports from Romania, comprising 68% of total exports. The second position in the ranking was held by Hungary ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bulgaria stood at +81.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+77.4% per year) and Turkey (-42.8% per year).

Export Prices by Country

The average timer export price stood at $X per unit in 2022, increasing by 10% against the previous year. Over the period under review, the export price, however, recorded a sharp descent. The most prominent rate of growth was recorded in 2016 an increase of 419%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+5.2%), while the prices for the other major destinations experienced a decline.

Timer Imports

Imports into Romania

For the fourth consecutive year, Romania recorded growth in supplies from abroad of timers, which increased by 297% to X units in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, timer imports skyrocketed to $X in 2022. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, France (X units) constituted the largest timer supplier to Romania, accounting for a 80% share of total imports. Moreover, timer imports from France exceeded the figures recorded by the second-largest supplier, China (X units), eightfold. The Netherlands (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to +82.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.4% per year) and the Netherlands (+21.0% per year).

In value terms, France ($X) constituted the largest supplier of timers to Romania, comprising 82% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 3.8% share of total imports. It was followed by Germany, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +51.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+17.7% per year) and Germany (+5.1% per year).

Import Prices by Country

In 2022, the average timer import price amounted to $X per unit, growing by 12% against the previous year. In general, the import price, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 76%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($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 (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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