Romania: Electro-Mechanical Tool Market Overview 2020

Electro-Mechanical Tool Market Size in Romania

The revenue of the electro-mechanical tool market in Romania amounted to $X in 2018, surging by X% against the previous year. In general, electro-mechanical tool consumption, however, continues to indicate an abrupt contraction. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, the electro-mechanical tool market reached its peak figure level at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Electro-Mechanical Tool Production in Romania

In value terms, electro-mechanical tool production amounted to $X in 2018 estimated in export prices. Over the period under review, electro-mechanical tool production continues to indicate strong growth. The pace of growth appeared the most rapid in 2011 when production volume increased by X% against the previous year. Electro-mechanical tool production peaked in 2018 and is likely to see steady growth in the immediate term.

Electro-Mechanical Tool Exports

Exports from Romania

In 2018, the amount of electro-mechanical tools exported from Romania amounted to X units, surging by X% against the previous year. Over the period under review, electro-mechanical tool exports continue to indicate a skyrocketing increase. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, electro-mechanical tool exports attained their peak figure in 2018 and are likely to continue its growth in the near future.

In value terms, electro-mechanical tool exports totaled $X in 2018. In general, electro-mechanical tool exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked in 2018 and are likely to see steady growth in the near future.

Exports by Country

Germany (X units), the UK (X units) and Russia (X units) were the main destinations of electro-mechanical tool exports from Romania, together accounting for X% of total exports. These countries were followed by Austria, Poland, France, Spain, Ukraine, Bulgaria, Estonia, the United Arab Emirates and Finland, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electro-mechanical tool exports from Romania, comprising X% of total electro-mechanical tool exports. The second position in the ranking was occupied by Russia ($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 growth rate of value to Germany stood at +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 electro-mechanical tool export price amounted to $X per unit, reducing by -X% against the previous year. Over the period under review, the electro-mechanical tool export price continues to indicate a moderate slump. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Over the period under review, the average export prices for electro-mechanical tools attained their 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 foreign 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.

Electro-Mechanical Tool Imports

Imports into Romania

In 2018, the amount of electro-mechanical tools imported into Romania totaled X units, surging by X% against the previous year. In general, electro-mechanical tool imports continue to indicate temperate growth. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, electro-mechanical tool imports amounted to $X in 2018. In general, electro-mechanical tool imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X% y-o-y. Over the period under review, electro-mechanical tool imports attained their peak figure at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, China (X units) constituted the largest electro-mechanical tool supplier to Romania, accounting for a X% share of total imports. Moreover, electro-mechanical 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 rate of growth in terms 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 electro-mechanical tool suppliers to Romania were China ($X), Germany ($X) and Poland ($X), with a combined X% share of total imports.

In terms of the main suppliers, Poland recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electro-mechanical tool import price stood at $X per unit in 2018, growing by X% against the previous year. In general, the electro-mechanical tool import price, however, continues to indicate a moderate contraction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average import prices for electro-mechanical tools reached their maximum at $X per unit in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, 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