Romania: Market for Wiring sets used in vehicles, aircraft or ships 2024

Market Size for Wiring sets used in vehicles, aircraft or ships in Romania

In 2022, the Romanian market for wiring sets used in vehicles, aircraft or ships increased by 12% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded notable growth. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Wiring sets used in vehicles, aircraft or ships in Romania

In value terms, production of wiring sets used in vehicles, aircraft or ships rose slightly to $X in 2022 estimated in export price. In general, production, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Romania

In 2022, overseas shipments of wiring sets used in vehicles, aircraft or ships decreased by -2.9% to X tons, falling for the sixth year in a row after five years of growth. Over the period under review, exports saw a mild setback. The most prominent rate of growth was recorded in 2015 with an increase of 13%. Over the period under review, the exports of reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships dropped to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 15% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and Slovakia (X tons) were the main destinations of exports of wiring sets used in vehicles, aircraft or ships from Romania, together comprising 69% of total exports. France, Hungary, Poland, Belgium, the Netherlands, the UK and Serbia lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +24.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from Romania, comprising 38% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 12% share of total exports. It was followed by Slovakia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+2.5% per year) and Slovakia (+12.3% per year).

Export Prices by Country

In 2022, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, falling by -6.5% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 20%. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Romania

In 2022, purchases abroad of wiring sets used in vehicles, aircraft or ships decreased by -12.1% to X tons, falling for the third year in a row after eight years of growth. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of wiring sets used in vehicles, aircraft or ships contracted notably to $X in 2022. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 31%. Imports peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, Moldova (X tons) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to Romania, accounting for a 42% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from Moldova exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), threefold. Morocco (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Moldova amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+10.9% per year) and Morocco (+116.4% per year).

In value terms, Moldova ($X) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to Romania, comprising 40% of total imports. The second position in the ranking was held by Ukraine ($X), with a 15% share of total imports. It was followed by Serbia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Moldova stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+13.1% per year) and Serbia (+48.9% per year).

Import Prices by Country

In 2022, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, declining by -4.7% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wiring sets used in vehicles, aircraft or ships increased by +58.0% against 2015 indices. The pace of growth appeared the most rapid in 2021 an increase of 18%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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 ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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