Romania: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in Romania

The Romanian non-propelled vehicle market fell to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Propelled Vehicle Production in Romania

In value terms, non-propelled vehicle production stood at $X in 2022 estimated in export price. Overall, production recorded a mild shrinkage. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Non-propelled vehicle production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Non-Propelled Vehicle Exports

Exports from Romania

In 2022, non-propelled vehicle exports from Romania totaled X units, with an increase of X% compared with the previous year's figure. Overall, exports, however, continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-propelled vehicle exports totaled $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X units) was the main destination for non-propelled vehicle exports from Romania, with a approx. 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) also remains the key foreign market for vehicles not mechanically propelled exports from Romania.

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

Export Prices by Country

The average non-propelled vehicle export price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price showed strong growth. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to X% per year.

Non-Propelled Vehicle Imports

Imports into Romania

Non-propelled vehicle imports into Romania dropped to X units in 2022, which is down by X% against the previous year's figure. In general, total imports indicated a resilient 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 2013 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at X units in 2021, and then declined modestly in the following year.

In value terms, non-propelled vehicle imports reduced to $X in 2022. Over the period under review, imports, however, showed a strong increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-propelled vehicle to Romania, with a X% share of total imports. Moreover, non-propelled vehicle imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Turkey (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 China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

In value terms, the largest non-propelled vehicle suppliers to Romania were China ($X), Germany ($X) and Finland ($X), together comprising X% of total imports.

Finland, with a CAGR of X%, recorded 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 non-propelled vehicle import price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, import price indicated a moderate expansion 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, non-propelled vehicle import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit, and then dropped in the following year.

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 France ($X per unit), while the price for Croatia ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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