Romania - Ploughs For Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Romania - Ploughs For Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights

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Plough Price in Romania - 2023

Contents:

  1. Plough Price in Romania (CIF) - 2023
  2. Plough Price in Romania (FOB) - 2023
  3. Plough Imports in Romania
  4. Plough Exports in Romania

Plough Price in Romania (CIF) - 2023

In June 2023, the average plough import price amounted to $2,180 per unit, reducing by -8% against the previous month. Over the period under review, import price indicated a slight increase from June 2022 to June 2023: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, plough import price increased by +90.3% against February 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 68% month-to-month. Over the period under review, average import prices hit record highs at $2,370 per unit in May 2023, and then fell in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Bulgaria ($2,937 per unit), while the price for the UK ($145 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Plough Price in Romania (FOB) - 2023

In June 2023, the average plough export price amounted to $1,546 per unit, falling by -7.7% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 15% month-to-month. The export price peaked at $1,674 per unit in May 2023, and then dropped in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Hungary ($2,056 per unit), while the average price for exports to Moldova ($488 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plough Imports in Romania

In 2022, plough imports into Romania soared to 14K units, with an increase of 30% against the previous year's figure. In general, imports, however, showed a perceptible curtailment. Over the period under review, imports attained the maximum at 16K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, plough imports stood at $20M in 2022. Overall, imports, however, continue to indicate a mild contraction. The pace of growth was the most pronounced in 2021 when imports increased by 18%. Over the period under review, imports hit record highs at $20M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Plough in Romania (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany7.46.37.78.33.9%
Hungary3.32.72.73.52.0%
Bulgaria3.23.43.93.1-1.1%
China0.90.61.11.313.0%
Italy1.91.41.70.9-22.0%
France0.90.40.70.5-17.8%
Turkey0.20.10.20.314.5%
Poland0.60.50.30.3-20.6%
Netherlands0.2N/AN/A0.20.0%
United Kingdom0.10.10.10.226.0%
SerbiaN/AN/AN/A0.10%
Others1.40.91.11.0-10.6%
Total20.216.519.519.6-1.0%

Top Suppliers of Plough to Romania in 2022:

  1. Germany (4.3K units)
  2. Hungary (2.2K units)
  3. China (2.1K units)
  4. Bulgaria (1.7K units)
  5. Italy (0.7K units)
  6. France (0.6K units)
  7. Serbia (0.5K units)
  8. Turkey (0.3K units)
  9. Poland (0.3K units)
  10. United Kingdom (0.3K units)
  11. Netherlands (0.2K units)

Plough Exports in Romania

Plough exports from Romania skyrocketed to 4.8K units in 2022, with an increase of 16% compared with the previous year's figure. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 239% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, plough exports rose markedly to $6.7M in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 237%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Plough in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia67850740.11,30624.4%
Italy12.33631,3051,202360.6%
Germany40.826.61,2621,116201.3%
Croatia0.41785108131166.7%
PolandN/AN/A38574593.5%
Hungary28825638841713.1%
SerbiaN/A39.6418410221.8%
Bulgaria25297.8380144-17.0%
Ukraine1120.23911233.2%
Others80.726776637767.2%
Total1,4641,7365,8456,65365.6%

Top Export Markets for Plough from Romania in 2022:

  1. Italy (936.0 units)
  2. Germany (850.0 units)
  3. Russia (792.0 units)
  4. Croatia (534.0 units)
  5. Poland (513.0 units)
  6. Serbia (299.0 units)
  7. Hungary (250.0 units)
  8. Bulgaria (121.0 units)
  9. Ukraine (120.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plough 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 28303130 -
  • Prodcom 28303150 -

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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