Romania: Stone Polishing Machine Market 2023

Stone Polishing Machine Market Size in Romania

In 2021, the Romanian stone polishing machine market was finally on the rise to reach $X after two years of decline. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Stone Polishing Machine Exports

Exports from Romania

In 2021, approx. X units of grinding or polishing machines for working stone, ceramics and concrete were exported from Romania; jumping by 577% compared with the previous year. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2013 with an increase of 1,547%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, stone polishing machine exports skyrocketed to $X in 2021. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 537% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Bulgaria (X units) was the main destination for stone polishing machine exports from Romania, with a 35% share of total exports. Moreover, stone polishing machine exports to Bulgaria exceeded the volume sent to the second major destination, Mongolia (X units), twofold. The third position in this ranking was held by Switzerland (X units), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria totaled +82.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mongolia (0.0% per year) and Switzerland (0.0% per year).

In value terms, Bulgaria ($X) emerged as the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from Romania, comprising 49% of total exports. The second position in the ranking was taken by Serbia ($X), with a 9.1% share of total exports. It was followed by San Marino, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Bulgaria stood at +84.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+32.2% per year) and San Marino (0.0% per year).

Export Prices by Country

In 2021, the average stone polishing machine export price amounted to $X per unit, shrinking by -34% against the previous year. Over the period under review, the export price showed a perceptible decline. The growth pace was the most rapid in 2017 when the average export price increased by 210% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+94.1%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports into Romania

In 2021, purchases abroad of grinding or polishing machines for working stone, ceramics and concrete increased by 97% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports enjoyed a notable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 478% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, stone polishing machine imports skyrocketed to $X in 2021. In general, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 344% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest stone polishing machine supplier to Romania, with a 41% share of total imports. Moreover, stone polishing machine imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Bulgaria (X units) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.4% per year) and Bulgaria (+75.3% per year).

In value terms, Italy ($X) constituted the largest supplier of grinding or polishing machines for working stone, ceramics and concrete to Romania, comprising 38% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Bulgaria, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.1% per year) and Bulgaria (+87.5% per year).

Import Prices by Country

The average stone polishing machine import price stood at $X per unit in 2021, growing by 9.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 37% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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