Romania: Wheeled Loader Market 2024

Wheeled Loader Market Size in Romania

In 2021, the Romanian wheeled loader market increased by 20% to $X, rising for the fourth consecutive year after three years of decline. In general, consumption posted a prominent expansion. Wheeled loader consumption peaked in 2021 and is expected to retain growth in the near future.

Wheeled Loader Exports

Exports from Romania

In 2021, the amount of wheeled loaders, crawler shovel loaders, front-end loaders exported from Romania skyrocketed to X units, increasing by 43% compared with 2020. In general, total exports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +61.3% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 60% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, wheeled loader exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 42% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Hungary (X units), Moldova (X units) and Ukraine (X units) were the main destinations of wheeled loader exports from Romania, together comprising 66% of total exports. Poland, Italy, Belgium, Austria, Germany, Serbia, the Netherlands, Bulgaria and the UK lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +34.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Moldova ($X), Hungary ($X) and Austria ($X) were the largest markets for wheeled loader exported from Romania worldwide, with a combined 64% share of total exports. These countries were followed by Belgium, Poland, Germany, Serbia, Italy, the Netherlands, Bulgaria, Ukraine and the UK, which together accounted for a further 30%.

In terms of the main countries of destination, Poland, with a CAGR of +87.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wheeled loader export price stood at $X per unit in 2021, with a decrease of -10.1% against the previous year. Over the period under review, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+2.2%), while the prices for the other major destinations experienced a decline.

Wheeled Loader Imports

Imports into Romania

In 2021, supplies from abroad of wheeled loaders, crawler shovel loaders, front-end loaders increased by 8.9% to X units, rising for the fourth year in a row after three years of decline. In general, imports posted a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 93% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, wheeled loader imports soared to $X in 2021. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 86%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

Italy (X units), China (X units) and France (X units) were the main suppliers of wheeled loader imports to Romania, together accounting for 46% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +31.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Austria ($X) constituted the largest wheeled loader suppliers to Romania, together comprising 38% of total imports.

France, with a CAGR of +28.9%, saw the highest growth rate of the value of imports, among 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 2021, the average wheeled loader import price amounted to $X per unit, picking up by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 23% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :