Romania: Thermostat Market 2024

Thermostat Market Size in Romania

After two years of growth, the Romanian thermostat market decreased by X% to $X in 2022. Overall, consumption saw a perceptible contraction. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Thermostat Production in Romania

In value terms, thermostat production surged to $X in 2022 estimated in export price. In general, the total production indicated a remarkable 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Thermostat Exports

Exports from Romania

In 2022, approx. X units of thermostats were exported from Romania; picking up by X% against the year before. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, thermostat exports skyrocketed to $X in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Italy (X units) was the main destination for thermostat exports from Romania, with a X% share of total exports. Moreover, thermostat exports to Italy exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by Turkey (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Turkey (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for thermostats exports from Romania, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

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

Export Prices by Country

In 2022, the average thermostat export price amounted to $X per unit, flattening at the previous year. Overall, the export price recorded moderate growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

Thermostat Imports

Imports into Romania

Thermostat imports into Romania dropped to X units in 2022, which is down by X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, thermostat imports skyrocketed to $X in 2022. Overall, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of thermostat imports to Romania, together accounting for X% of total imports. Ireland, the Netherlands, Slovakia, France and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest thermostat suppliers to Romania were China ($X), Germany ($X) and Italy ($X), together comprising X% of total imports. France, Slovakia, the Netherlands, the Czech Republic and Ireland lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 thermostat import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price 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, thermostat import price increased by X% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Ireland ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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