Romania: Wood Drilling Machine Market 2022

Wood Drilling Machine Market Size in Romania

The Romanian wood drilling machine market soared to $X in 2021, picking up by 128% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded prominent growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Wood Drilling Machine Exports

Exports from Romania

In 2021, overseas shipments of drilling or morticing machines decreased by -79.3% to X units, falling for the second consecutive year after three years of growth. Over the period under review, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of 967%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wood drilling machine exports shrank sharply to $X in 2021. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 1,795%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Ukraine (X units) was the main destination for wood drilling machine exports from Romania, with a 86% share of total exports. Moreover, wood drilling machine exports to Ukraine exceeded the volume sent to the second major destination, France (X units), more than tenfold. The third position in this ranking was held by Bosnia and Herzegovina (X units), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to Ukraine totaled +32.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and Bosnia and Herzegovina (-95.7% per year).

In value terms, Ukraine ($X) emerged as the key foreign market for wood drilling machine exports from Romania, comprising 95% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 2.2% share of total exports. It was followed by France, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value to Ukraine stood at +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-96.5% per year) and France (+96.4% per year).

Export Prices by Country

The average wood drilling machine export price stood at $X per unit in 2021, with an increase of 17% against the previous year. Over the period under review, the export price enjoyed slight growth. The growth pace was the most rapid in 2013 when the average export price increased by 163%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ukraine ($X per unit), while the average price for exports to Spain ($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 France (+13.6%), while the prices for the other major destinations experienced a decline.

Wood Drilling Machine Imports

Imports into Romania

In 2021, the amount of drilling or morticing machines imported into Romania soared to X units, with an increase of 99% compared with 2020 figures. In general, imports showed buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of 216% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, wood drilling machine imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by 143% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of wood drilling machine to Romania, accounting for a 73% share of total imports. Moreover, wood drilling machine imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. Turkey (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +38.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.3% per year) and Turkey (+29.7% per year).

In value terms, Italy ($X) constituted the largest supplier of wood drilling machine to Romania, comprising 84% of total imports. The second position in the ranking was held by Turkey ($X), with a 3.8% share of total imports. It was followed by Germany, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+38.9% per year) and Germany (-14.6% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, with an increase of 11% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 109% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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