Romania: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Romania

In 2022, the Romanian gearboxes and speed changers market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a dramatic decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Gearboxes and Speed Changers in Romania

In value terms, gearboxes and speed changers production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep setback. Gearboxes and speed changers production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Gearboxes and Speed Changers

Exports from Romania

In 2022, the amount of gearboxes and speed changers exported from Romania rose notably to X tons, picking up by X% against the previous year. Over the period under review, exports, however, continue to indicate a pronounced decrease. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, gearboxes and speed changers exports totaled $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and France (X tons) were the main destinations of gearboxes and speed changers exports from Romania, with a combined X% share of total exports. Denmark, Bulgaria, the Netherlands, Israel and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for gearboxes and speed changers exports from Romania, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and France (X% per year).

Export Prices by Country

The average gearboxes and speed changers export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained 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 Italy ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports into Romania

In 2022, overseas purchases of gearboxes and speed changers increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, gearboxes and speed changers imports stood at $X in 2022. In general, imports, however, saw a mild decrease. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), France (X tons) and China (X tons) were the main suppliers of gearboxes and speed changers imports to Romania, together accounting for X% of total imports. Germany, Denmark, Austria, India, the Czech Republic, the Netherlands, the United States, Finland and Norway lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest gearboxes and speed changers suppliers to Romania were Italy ($X), Germany ($X) and China ($X), together accounting for X% of total imports. France, Austria, Denmark, India, the Czech Republic, the United States, the Netherlands, Finland and Norway lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to 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 gearboxes and speed changers import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price showed a mild decline. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Norway ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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