Romania: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Romania

In 2022, the Romanian machine-tool for working metal market decreased by X% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption faced a abrupt downturn. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Machine Tools For Working Metal in Romania

In value terms, machine-tool for working metal production soared to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Machine-tool for working metal production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Exports of Machine Tools For Working Metal

Exports from Romania

After three years of growth, overseas shipments of machine tools for working metal decreased by X% to X units in 2022. Overall, exports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2021, and then fell sharply in the following year.

In value terms, machine-tool for working metal exports contracted sharply to $X in 2022. Over the period under review, exports saw a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), Spain (X units) and Turkey (X units) were the main destinations of machine-tool for working metal exports from Romania, with a combined X% share of total exports. Slovakia, Bulgaria, Germany, Vietnam, Italy, China, Egypt, Poland, Malaysia and France 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 Slovakia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) emerged as the key foreign market for machine tools for working metal exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by India, with a X% share.

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

Export Prices by Country

The average machine-tool for working metal export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a 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 France ($X per unit), while the average price for exports to Egypt ($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 Poland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine Tools For Working Metal

Imports into Romania

In 2022, overseas purchases of machine tools for working metal decreased by X% to X units, falling for the fourth consecutive year after two years of growth. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, machine-tool for working metal imports reduced to $X in 2022. Over the period under review, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), Turkey (X units) and China (X units) were the main suppliers of machine-tool for working metal imports to Romania, with a combined X% share of total imports.

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

In value terms, Italy ($X) constituted the largest supplier of machine tools for working metal to Romania, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Turkey, with an X% share.

From 2012 to 2022, 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 (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average machine-tool for working metal import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price showed a resilient increase. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

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 ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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