Romania: Power Tool Market 2024

Power Tool Market Size in Romania

In 2022, the Romanian power tool market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption recorded a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Power Tool Production in Romania

In value terms, power tool production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then reduced in the following year.

Power Tool Exports

Exports from Romania

After six years of growth, overseas shipments of power tools decreased by X% to X units in 2022. In general, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then reduced notably in the following year.

In value terms, power tool exports reduced sharply to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank notably in the following year.

Exports by Country

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

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

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

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Estonia (X% per year).

Export Prices by Country

In 2022, the average power tool export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Russia ($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 the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Romania

Power tool imports into Romania shrank to X units in 2022, which is down by X% compared with the year before. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then fell in the following year.

In value terms, power tool imports dropped to $X in 2022. In general, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

China (X units), Germany (X units) and Poland (X units) were the main suppliers of power tool imports to Romania, with a combined X% share of total imports. Hungary, Austria, France and Bulgaria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Poland ($X) appeared to be the largest power tool suppliers to Romania, with a combined X% share of total imports. Hungary, Austria, Bulgaria and France lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, recorded 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 2022, the average power tool import price amounted to $X per unit, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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