Romania: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Romania

The Romanian electrical circuit apparatus market expanded significantly to $X in 2021, increasing by X% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Electrical circuit apparatus consumption peaked in 2021 and is expected to retain growth in the immediate term.

Electrical Circuit Apparatus Production in Romania

In value terms, electrical circuit apparatus production dropped modestly to $X in 2021 estimated in export price. In general, production enjoyed resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

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Electrical Circuit Apparatus Exports

Exports from Romania

In 2021, overseas shipments of electrical apparatus for circuit connection, switching and protection were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, electrical circuit apparatus exports soared to $X in 2021. Overall, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for electrical circuit apparatus exports from Romania, with a X% share of total exports. Moreover, electrical circuit apparatus exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), twofold. Italy (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Italy (X% per year).

In value terms, Germany ($X) remains the key foreign market for electrical apparatus for circuit connection, switching and protection exports from Romania, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Italy (X% per year).

Export Prices by Country

In 2021, the average electrical circuit apparatus export price amounted to $X per unit, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Spain ($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 Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Romania

In 2021, purchases abroad of electrical apparatus for circuit connection, switching and protection was finally on the rise to reach X units after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, electrical circuit apparatus imports surged to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X units) constituted the largest electrical circuit apparatus supplier to Romania, accounting for a X% share of total imports. Moreover, electrical circuit apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. China (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

In value terms, Germany ($X) constituted the largest supplier of electrical apparatus for circuit connection, switching and protection to Romania, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with an X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The average electrical circuit apparatus import price stood at $X per unit in 2021, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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