Romania: Vacuum Pump Market 2024

Vacuum Pump Market Size in Romania

The Romanian vacuum pump market reduced rapidly to $X in 2022, which is down by -27.7% against the previous year. Overall, consumption saw a deep downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Vacuum Pump Production in Romania

In value terms, vacuum pump production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt setback. Vacuum pump production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Vacuum Pump Exports

Exports from Romania

For the third year in a row, Romania recorded growth in overseas shipments of vacuum pumps, which increased by 9.3% to X units in 2022. Over the period under review, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 71% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, vacuum pump exports fell rapidly to $X in 2022. In general, exports continue to indicate resilient growth. The growth pace was the most rapid in 2016 with an increase of 77% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Turkey (X units) and China (X units) were the main destinations of vacuum pump exports from Romania, together accounting for 71% of total exports. The UK, France, Slovenia, the Netherlands and Mexico lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +128.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for vacuum pumps exports from Romania, comprising 47% of total exports. The second position in the ranking was held by the UK ($X), with a 13% share of total exports. It was followed by China, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+39.5% per year) and China (+36.5% per year).

Export Prices by Country

In 2022, the average vacuum pump export price amounted to $X per unit, declining by -30.8% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of 14%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Turkey ($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 Germany (-2.2%), while the prices for the other major destinations experienced a decline.

Vacuum Pump Imports

Imports into Romania

In 2022, vacuum pump imports into Romania surged to X units, with an increase of 34% against 2021. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 126% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, vacuum pump imports expanded slightly to $X in 2022. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 111% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X units), Germany (X units) and China (X units) were the main suppliers of vacuum pump imports to Romania, together accounting for 88% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +47.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Turkey ($X) and Bulgaria ($X) constituted the largest vacuum pump suppliers to Romania, with a combined 67% share of total imports.

Turkey, with a CAGR of +43.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vacuum pump import price amounted to $X per unit, reducing by -22% against the previous year. Overall, the import price showed a perceptible descent. The growth pace was the most rapid in 2021 an increase of 23%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :