Romania: Transmission Apparatus Market 2024

Transmission Apparatus Market Size in Romania

The Romanian transmission apparatus market declined to $X in 2021, dropping by -3.7% against the previous year. Overall, consumption recorded a perceptible decrease. Transmission apparatus consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Transmission Apparatus Production in Romania

In value terms, transmission apparatus production fell modestly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt decrease. The growth pace was the most rapid in 2017 when the production volume increased by 161%. Transmission apparatus production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Transmission Apparatus Exports

Exports from Romania

In 2021, the amount of transmission apparatus incorporating reception apparatus exported from Romania skyrocketed to X tons, rising by 59% on the previous year's figure. In general, exports, however, recorded a abrupt setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, transmission apparatus exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 40%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Hungary (X tons), Italy (X tons) and Bulgaria (X tons) were the main destinations of transmission apparatus exports from Romania, together accounting for 46% of total exports. Poland, Germany, Greece, Moldova, Ireland, Slovakia, the Netherlands, Hong Kong SAR, Austria and the UK lagged somewhat behind, together comprising a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +53.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for transmission apparatus exported from Romania were Bulgaria ($X), Poland ($X) and Germany ($X), with a combined 43% share of total exports. These countries were followed by Italy, the Netherlands, Slovakia, Ireland, Greece, the UK, Moldova, Austria, Hungary and Hong Kong SAR, which together accounted for a further 41%.

Ireland, with a CAGR of +77.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average transmission apparatus export price amounted to $X per ton, reducing by -23.8% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average export price increased by 64%. The export price peaked at $X per ton in 2020, and then shrank rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Hungary ($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 Austria (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into Romania

Transmission apparatus imports into Romania dropped to X tons in 2021, therefore, remained relatively stable against 2020. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 33% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, transmission apparatus imports rose rapidly to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +10.9% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 19%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

Austria (X tons), China (X tons) and Slovakia (X tons) were the main suppliers of transmission apparatus imports to Romania, with a combined 61% share of total imports. These countries were followed by the Czech Republic, the Netherlands, Poland, Hungary, France and Germany, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +41.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) constituted the largest supplier of transmission apparatus incorporating reception apparatus to Romania, comprising 37% of total imports. The second position in the ranking was held by Hungary ($X), with a 13% share of total imports. It was followed by Austria, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Slovakia stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+18.1% per year) and Austria (+20.4% per year).

Import Prices by Country

The average transmission apparatus import price stood at $X per ton in 2021, growing by 6% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, transmission apparatus import price increased by +4.6% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+34.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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