Romania: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Romania

In 2022, the Romanian market for grinding, sanding and polishing machines increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a pronounced setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Exports of Grinding, Sanding and Polishing Machines

Exports from Romania

In 2022, shipments abroad of grinding, sanding and polishing machines increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, grinding, sanding and polishing machine exports soared to $X in 2022. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X units), Germany (X units) and Poland (X units) were the main destinations of grinding, sanding and polishing machine exports from Romania, with a combined X% share of total exports.

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

In value terms, Germany ($X) remains the key foreign market for grinding, sanding and polishing machines exports from Romania, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Moldova, with a X% share.

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

Export Prices by Country

In 2022, the average export price for grinding, sanding and polishing machines amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, recorded a resilient expansion. The growth pace was the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Hungary ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Grinding, Sanding and Polishing Machines

Imports into Romania

In 2022, supplies from abroad of grinding, sanding and polishing machines increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, grinding, sanding and polishing machine imports rose markedly to $X in 2022. In general, imports saw slight growth. The growth pace was the most rapid in 2014 when imports increased by 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 somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest grinding, sanding and polishing machine supplier to Romania, accounting for a X% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, France (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a X% share.

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

In value terms, the largest grinding, sanding and polishing machine suppliers to Romania were Germany ($X), Italy ($X) and China ($X), with a combined X% share of total imports.

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

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price, however, posted strong growth. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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