Romania: Sealed Beam Market 2024

Sealed Beam Market Size in Romania

The Romanian sealed beam market expanded sharply to $X in 2022, surging by 5.6% against the previous year. Overall, consumption saw a perceptible slump. Sealed beam consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Sealed Beam Production in Romania

In value terms, sealed beam production expanded significantly to $X in 2022 estimated in export price. In general, production, however, showed a mild decline. The growth pace was the most rapid in 2018 with an increase of 60% against the previous year. Sealed beam production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Sealed Beam Exports

Exports from Romania

For the sixth consecutive year, Romania recorded decline in overseas shipments of sealed beam lamp units, which decreased by -15.5% to X units in 2022. Overall, exports saw a dramatic slump. The pace of growth was the most pronounced in 2014 when exports increased by 22% 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, sealed beam exports contracted significantly to $X in 2022. In general, exports continue to indicate a perceptible descent. The growth pace was the most rapid in 2019 with an increase of 69% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bulgaria (X units) was the main destination for sealed beam exports from Romania, accounting for a 32% share of total exports. Moreover, sealed beam exports to Bulgaria exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was taken by Portugal (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria totaled +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-21.6% per year) and Portugal (+46.5% per year).

In value terms, Bulgaria ($X) remains the key foreign market for sealed beam lamp units exports from Romania, comprising 39% of total exports. The second position in the ranking was held by Slovenia ($X), with a 17% share of total exports. It was followed by Croatia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Bulgaria totaled +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+42.1% per year) and Croatia (+64.5% per year).

Export Prices by Country

The average sealed beam export price stood at $X per unit in 2022, standing approx. at the previous year. Overall, the export price, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when the average export price increased by 419%. As a result, the export price reached the peak level of $X per unit, and then reduced slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while the average price for exports to France ($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 Italy (+42.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sealed Beam Imports

Imports into Romania

In 2022, the amount of sealed beam lamp units imported into Romania reduced rapidly to X units, with a decrease of -16.7% against the previous year. In general, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 109% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, sealed beam imports contracted to $X in 2022. Overall, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 201% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X units), Poland (X units) and Bulgaria (X units) were the main suppliers of sealed beam imports to Romania, with a combined 47% share of total imports. Italy, China, Belgium, Germany, the Czech Republic, France, Hungary, Austria and Turkey lagged somewhat behind, together comprising a further 48%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +21.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Poland ($X) and Italy ($X) were the largest sealed beam suppliers to Romania, with a combined 55% share of total imports. Germany, France, Bulgaria, Hungary, Belgium, Austria, China, the Czech Republic and Turkey lagged somewhat behind, together comprising a further 33%.

Belgium, with a CAGR of +19.6%, saw the highest rates of growth with regard to 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

In 2022, the average sealed beam import price amounted to $X per unit, growing by 13% against the previous year. Overall, the import price continues to indicate a moderate increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 84% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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