Romania: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in Romania

In 2022, the Romanian remote control apparatus market decreased by X% to $X, falling for the fourth year in a row after seven years of growth. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Remote Control Apparatus Production in Romania

In value terms, remote control apparatus production declined slightly to $X in 2022 estimated in export price. In general, production, however, recorded strong growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Remote Control Apparatus Exports

Exports from Romania

In 2022, overseas shipments of radio remote control apparatus increased by X% to X units, rising for the eighth consecutive year after two years of decline. Over the period under review, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, remote control apparatus exports expanded remarkably to $X in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for remote control apparatus exports from Romania, with a X% share of total exports. It was followed by the United States (X units), with less than X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%.

In value terms, Germany ($X) remains the key foreign market for radio remote control apparatus exports from Romania, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with less than X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%.

Export Prices by Country

In 2022, the average remote control apparatus export price amounted to $X per unit, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Remote Control Apparatus Imports

Imports into Romania

For the third year in a row, Romania recorded growth in supplies from abroad of radio remote control apparatus, which increased by X% to X units in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, remote control apparatus imports shrank to $X in 2022. Overall, imports showed resilient growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest remote control apparatus supplier to Romania, with a X% share of total imports. Moreover, remote control apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The Czech Republic (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the largest remote control apparatus suppliers to Romania were Germany ($X), the Czech Republic ($X) and Italy ($X), together comprising X% of total imports. Poland, France, Hungary, China and Austria lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of 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

The average remote control apparatus import price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 the Czech Republic ($X per unit), while the price for Austria ($X per unit) 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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