Romania: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Romania

The Romanian market for pneumatic or hydraulic hand tools soared to $X in 2021, with an increase of 15% 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). The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the near future.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Romania

In 2021, approx. X tons of pneumatic or hydraulic hand tools were exported from Romania; growing by 86% against the previous year. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 102%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool exports surged to $X in 2021. Overall, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 155% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons) was the main destination for pneumatic or hydraulic hand tool exports from Romania, accounting for a 31% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to Bulgaria exceeded the volume sent to the second major destination, Moldova (X tons), twofold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bulgaria totaled +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+60.5% per year) and Bosnia and Herzegovina (+166.5% per year).

In value terms, Bulgaria ($X) remains the key foreign market for pneumatic or hydraulic hand tools exports from Romania, comprising 34% of total exports. The second position in the ranking was held by Ukraine ($X), with a 7.5% share of total exports. It was followed by Moldova, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bulgaria totaled +37.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+51.4% per year) and Moldova (+39.5% per year).

Export Prices by Country

In 2021, the average export price for pneumatic or hydraulic hand tools amounted to $X per ton, picking up by 15% against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 27%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Romania

For the eighth year in a row, Romania recorded growth in purchases abroad of pneumatic or hydraulic hand tools, which increased by 21% to X tons in 2021. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 40%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, pneumatic or hydraulic hand tool imports skyrocketed to $X in 2021. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 35% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest pneumatic or hydraulic hand tool supplier to Romania, with a 76% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by Hungary (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.8% per year) and Hungary (+16.9% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Romania, comprising 57% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Sweden, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.9% per year) and Sweden (+3.1% per year).

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, declining by -3.2% against the previous year. In general, the import price recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 an increase of 2.1% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 Sweden ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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