Romania: Market for Vacuum Cleaners With Motor 2024

Market Size for Vacuum Cleaners With Motor in Romania

The Romanian vacuum cleaner with motor market contracted sharply to $X in 2021, falling by -49.7% against the previous year. Over the period under review, consumption saw a perceptible downturn. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Vacuum Cleaners With Motor in Romania

In value terms, vacuum cleaner with motor production shrank modestly to $X in 2021 estimated in export price. In general, production, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 55% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then reduced slightly in the following year.

Exports of Vacuum Cleaners With Motor

Exports from Romania

For the seventh consecutive year, Romania recorded growth in overseas shipments of vacuum cleaners with motor, which increased by 29% to X tons in 2021. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 55%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, vacuum cleaner with motor exports soared to $X in 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 94%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons) was the main destination for vacuum cleaner with motor exports from Romania, with a 71% share of total exports. Moreover, vacuum cleaner with motor exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), eightfold. France (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+384.3% per year) and France (+9.5% per year).

In value terms, Germany ($X) remains the key foreign market for vacuum cleaners with motor exports from Romania, comprising 65% of total exports. The second position in the ranking was held by Slovakia ($X), with a 7.1% share of total exports. It was followed by Bulgaria, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+301.7% per year) and Bulgaria (+15.3% per year).

Export Prices by Country

In 2021, the average vacuum cleaner with motor export price amounted to $X per ton, picking up by 9.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2017 an increase of 25% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Slovakia ($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 Bulgaria (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports into Romania

In 2021, imports of vacuum cleaners with motor into Romania soared to X tons, increasing by 16% against 2020. Over the period under review, imports showed strong growth. The growth pace was the most rapid in 2016 when imports increased by 35%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, vacuum cleaner with motor imports soared to $X in 2021. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vacuum cleaner with motor to Romania, with a 40% share of total imports. Moreover, vacuum cleaner with motor imports from China exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+99.1% per year) and Germany (+29.2% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaners with motor to Romania, comprising 48% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Slovakia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+38.4% per year) and Slovakia (+116.8% per year).

Import Prices by Country

The average vacuum cleaner with motor import price stood at $X per ton in 2021, with an increase of 37% against the previous year. In general, the import price continues to indicate a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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