Report Update: Apr 1, 2024

Romania - Motor Vehicles Compression-Ignition Internal Combustion Piston Engines - Market Analysis, Forecast, Size, Trends and Insights

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Internal Combustion Engines Price in Romania - 2023

Internal Combustion Engines Price in Romania (CIF) - 2023

In July 2023, the average internal combustion engines import price amounted to $9,459 per unit, with an increase of 3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in June 2023 an increase of 20% m-o-m. Over the period under review, average import prices attained the maximum in July 2023.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Switzerland ($76,268 per unit), while the price for the UK ($879 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Hungary (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Internal Combustion Engines Price in Romania (FOB) - 2022

In 2022, the average internal combustion engines export price amounted to $1,175 per unit, dropping by -33.1% against the previous year. Overall, the export price, however, continues to indicate a modest expansion. The pace of growth was the most pronounced in 2017 an increase of 80%. Over the period under review, the average export prices hit record highs at $1,756 per unit in 2021, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($2,166 per unit), while the average price for exports to Iraq ($317 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 the United Arab Emirates (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Internal Combustion Engines Imports in Romania

In 2022, the amount of motor vehicles compression-ignition internal combustion piston engines imported into Romania contracted sharply to 84K units, falling by -15.1% against the previous year. Over the period under review, imports showed a deep reduction. The smallest decline of -10.2% was in 2021. Over the period under review, imports reached the peak figure at 136K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, internal combustion engines imports contracted dramatically to $245M in 2022. In general, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 2.7%. Imports peaked at $331M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Internal Combustion Engines in Romania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	153	69.5	266	218	12.5%
United Kingdom	30.8	26.4	15.8	9.2	-33.2%
Switzerland	N/A	N/A	N/A	5.0	0%
Turkey	137	185	4.4	0.1	-91.0%
Others	9.8	8.3	10.5	12.2	7.6%
Total	331	289	296	245	-9.5%

Top Suppliers of Internal Combustion Engines to Romania in 2022:

Turkey (undefinedK units)
Spain (61.5K units)
Switzerland (16.3K units)
United Kingdom (4.8K units)

Internal Combustion Engines Exports in Romania

Internal combustion engines exports from Romania soared to 2.5K units in 2022, with an increase of 63% compared with 2021. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, internal combustion engines exports expanded notably to $2.9M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Internal Combustion Engines in Romania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	496	704	1,226	953	24.3%
Nigeria	229	N/A	182	282	7.2%
Turkey	113	27.7	14.0	244	29.3%
Iraq	185	59.6	26.0	212	4.6%
Bulgaria	173	129	283	211	6.8%
Egypt	87.7	138	142	145	18.2%
United Arab Emirates	N/A	23.4	49.7	125	131.1%
France	20.1	7.8	0.3	44.8	30.6%
Jordan	92.0	36.0	63.9	18.3	-41.6%
Others	394	838	655	653	18.3%
Total	1,789	1,964	2,641	2,887	17.3%

Top Export Markets for Internal Combustion Engines from Romania in 2022:

Iraq (667.0 units)
Germany (467.0 units)
United Arab Emirates (200.0 units)
Bulgaria (191.0 units)
Nigeria (185.0 units)
Egypt (155.0 units)
France (120.0 units)
Turkey (112.0 units)
Jordan (44.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the internal combustion engines market in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29101300 - Vehicle compression-ignition internal combustion piston engines (diesel or semi-diesel) (excluding for railway or tramway rolling stock)

Country coverage:

Romania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Romania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023