Romania: Power Tool Market Overview 2020

Power Tool Market Size in Romania

The Romanian power tool market surged to $X in 2019, increasing by X% against the previous year. In general, consumption, however, continues to indicate a deep slump. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.

Power Tool Production in Romania

In value terms, power tool production shrank notably to $X in 2019 estimated in export prices. In general, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then reduced dramatically in the following year.

Power Tool Exports

Exports from Romania

In 2019, after three years of growth, there was significant decline in shipments abroad of power tools, when their volume decreased by -X% to X units. Over the period under review, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Exports peaked at X units in 2018, and then fell significantly in the following year.

In value terms, power tool exports contracted to $X in 2019. Overall, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2018, and then contracted in the following year.

Exports by Country

Germany (X units), the UK (X units) and Russia (X units) were the main destinations of power tool exports from Romania, with a combined X% share of total exports. Austria, Poland, France, Spain, Ukraine, Bulgaria, Estonia, the United Arab Emirates and Finland lagged somewhat behind, together comprising a further X 2007 to 2018, the biggest increases were in Poland, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for power tool exports from Romania, comprising X% of total exports. The second position in the ranking was occupied by Russia ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and the UK (+X% per year).

Export Prices by Country

In 2018, the average power tool export price amounted to $X per unit, dropping by -X% against the previous year. Overall, the export price recorded a pronounced downturn. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per unit in 2009; however, from 2010 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2018, the country with the highest price was France ($X per unit), while the average price for exports to Austria ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Russia, while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Romania

In 2019, supplies from abroad of power tools decreased by -X% to X units for the first time since 2013, thus ending a five-year rising trend. Over the period under review, imports, however, enjoyed mild growth. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X units in 2018, and then shrank in the following year.

In value terms, power tool imports expanded to $X in 2019. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X units) constituted the largest power tool supplier to Romania, with a X% share of total imports. Moreover, power tool imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Poland (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Poland (+X% per year).

In value terms, the largest power tool suppliers to Romania were China ($X), Germany ($X) and Poland ($X), with a combined X% share of total imports.

Poland saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average power tool import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. The import price peaked at $X per unit in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for power tools in the world?

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The countries with the highest volumes of power tool consumption in 2019 were China (122M units), the U.S. (81M units) and Japan (20M units), with a combined 52% share of global consumption. Germany, Russia, France, India, Belgium, Brazil, Poland, Australia and Mexico lagged somewhat behind, together comprising a further 24%.

What are the largest producers of power tools in the world?

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China (234M units) remains the largest power tool producing country worldwide, accounting for 76% of total volume. Moreover, power tool production in China exceeded the figures recorded by the second-largest producer, Japan (18M units), more than tenfold. Germany (13M units) ranked third in terms of total production with a 4.2% share.

What are the leading suppliers of power tools to Romania?

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In value terms, the largest power tool suppliers to Romania were China ($34M), Germany ($24M) and Poland ($6.4M), with a combined 77% share of total imports.

What are the leading importers of power tools from Romania?

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In value terms, Germany ($45M) remains the key foreign market for power tool exports from Romania, comprising 14% of total exports. The second position in the ranking was occupied by Russia ($22M), with a 7.2% share of total exports. It was followed by the UK, with a 7.1% share.

What is the average export price for power tools in Romania?

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The average power tool export price stood at $49 per unit in 2018, falling by -8.2% against the previous year.

What is the average import price for power tools in Romania?

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The average power tool import price stood at $30 per unit in 2018, growing by 4.2% against the previous year.