Romania: Smart Card Market 2024

Smart Card Market Size in Romania

The Romanian smart card market soared to $X in 2022, growing by X% against the previous year. Overall, consumption saw a strong expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the near future.

Smart Card Production in Romania

In value terms, smart card production skyrocketed to $X in 2022 estimated in export price. Overall, production saw notable growth. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Smart Card Exports

Exports from Romania

In 2022, the amount of cards incorporating an electronic integrated circuit (smart card) exported from Romania surged to X units, growing by X% on 2021 figures. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, smart card exports expanded sharply to $X in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for smart card exports from Romania, accounting for a X% share of total exports. Moreover, smart card exports to France exceeded the volume sent to the second major destination, Turkey (X units), threefold. The third position in this ranking was taken by Austria (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Austria (X% per year).

In value terms, the largest markets for smart card exported from Romania were Turkey ($X), Austria ($X) and Italy ($X), together comprising X% of total exports.

Among the main countries of destination, Turkey, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average smart card export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to France ($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 Turkey (X%), while the prices for the other major destinations experienced a decline.

Smart Card Imports

Imports into Romania

In 2022, imports of cards incorporating an electronic integrated circuit (smart card) into Romania stood at X units, increasing by X% against 2021. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, smart card imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X units) constituted the largest supplier of smart card to Romania, accounting for a X% share of total imports. Moreover, smart card imports from France exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

In value terms, France ($X) constituted the largest supplier of cards incorporating an electronic integrated circuit (smart card) to Romania, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

Import Prices by Country

The average smart card import price stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Hong Kong SAR ($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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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