Romania: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Romania

In 2022, the Romanian metal solid fuel appliances market decreased by -18.6% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, continues to indicate buoyant growth. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Production of Iron Or Steel Solid Fuel Domestic Appliances in Romania

In value terms, metal solid fuel appliances production contracted rapidly to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by 159% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Romania

In 2022, overseas shipments of iron or steel solid fuel domestic appliances increased by 2.4% to X units, rising for the third year in a row after three years of decline. Over the period under review, exports showed a temperate expansion. The growth pace was the most rapid in 2020 when exports increased by 102% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, metal solid fuel appliances exports soared to $X in 2022. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 158% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units), the Netherlands (X units) and Hungary (X units) were the main destinations of metal solid fuel appliances exports from Romania, together accounting for 68% of total exports. Moldova, Belgium, France and Sweden lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +84.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for iron or steel solid fuel domestic appliances exports from Romania, comprising 76% of total exports. The second position in the ranking was taken by Hungary ($X), with a 12% share of total exports. It was followed by Moldova, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+18.8% per year) and Moldova (+22.6% per year).

Export Prices by Country

In 2022, the average metal solid fuel appliances export price amounted to $X per unit, surging by 21% against the previous year. Overall, the export price enjoyed a slight expansion. The most prominent rate of growth was recorded in 2018 an increase of 76% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Netherlands ($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 Germany (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Romania

In 2022, imports of iron or steel solid fuel domestic appliances into Romania dropped sharply to X units, declining by -27.4% compared with the previous year's figure. In general, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 86% against the previous year. As a result, imports attained the peak of X units, and then dropped rapidly in the following year.

In value terms, metal solid fuel appliances imports fell to $X in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Poland (X units), Bulgaria (X units) and China (X units) were the main suppliers of metal solid fuel appliances imports to Romania, with a combined 72% share of total imports. Serbia, Turkey, North Macedonia, the Netherlands and Hungary lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of +24.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal solid fuel appliances suppliers to Romania were Bulgaria ($X), Poland ($X) and North Macedonia ($X), with a combined 68% share of total imports.

Among the main suppliers, North Macedonia, with a CAGR of +49.8%, recorded the highest growth rate of 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 metal solid fuel appliances import price stood at $X per unit in 2022, jumping by 21% against the previous year. In general, the import price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 70% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 North Macedonia ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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