Romania: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Romania

The Romanian endless machinery band market reduced slightly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption recorded a drastic downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Endless Machinery Band Production in Romania

In value terms, endless machinery band production surged to $X in 2022 estimated in export price. Overall, production continues to indicate a deep reduction. Endless machinery band production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Endless Machinery Band Exports

Exports from Romania

In 2022, endless machinery band exports from Romania reduced remarkably to X square meters, dropping by X% on 2021. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at X square meters in 2021, and then contracted sharply in the following year.

In value terms, endless machinery band exports shrank dramatically to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Italy (X square meters) was the main destination for endless machinery band exports from Romania, accounting for a X% share of total exports. Moreover, endless machinery band exports to Italy exceeded the volume sent to the second major destination, Moldova (X square meters), sevenfold.

From 2013 to 2022, the average annual growth rate of volume to Italy stood at X%.

In value terms, the largest markets for endless machinery band exported from Romania were Moldova ($X) and Italy ($X).

Among the main countries of destination, Moldova, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average endless machinery band export price stood at $X per square meter in 2022, falling by X% against the previous year. Overall, the export price saw a dramatic descent. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per square meter in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($X per square meter), while the average price for exports to Italy totaled $X per square meter.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (X%), while the prices for the other major destinations experienced a decline.

Endless Machinery Band Imports

Imports into Romania

In 2022, approx. X square meters of endless bands for machinery, of stainless steel were imported into Romania; shrinking by X% against the previous year's figure. Over the period under review, imports, however, saw a slight increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, endless machinery band imports rose significantly to $X in 2022. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X square meters) constituted the largest supplier of endless machinery band to Romania, accounting for a X% share of total imports. Moreover, endless machinery band imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (X square meters), more than tenfold. The third position in this ranking was held by Spain (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Spain (X% per year).

In value terms, the largest endless machinery band suppliers to Romania were Italy ($X), Germany ($X) and Poland ($X), with a combined X% share of total imports. Spain and Slovakia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average endless machinery band import price stood at $X per square meter in 2022, increasing by X% against the previous year. Overall, the import price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. The import price peaked at $X per square meter in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Poland ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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