Romania: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Romania

The Romanian market for electric generating sets and rotary converters soared to $X in 2021, increasing by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Electric Generating Sets And Rotary Converters in Romania

In value terms, production of electric generating sets and rotary converters skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible downturn. The growth pace was the most rapid in 2014 with an increase of X%. Production of peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports from Romania

In 2021, shipments abroad of electric generating sets and rotary converters increased by X% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of electric generating sets and rotary converters skyrocketed to $X in 2021. Over the period under review, exports recorded buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Greece (X units) was the main destination for exports of electric generating sets and rotary converters from Romania, accounting for a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to Greece exceeded the volume sent to the second major destination, Hungary (X units), eightfold. Bulgaria (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2020, the average annual growth rate of volume to Greece totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Bulgaria (X% per year).

In value terms, Greece ($X), Bulgaria ($X) and Hungary ($X) were the largest markets for electric generating set and rotary converter exported from Romania worldwide, with a combined X% share of total exports.

Among the main countries of destination, Greece, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, dropping by X% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2020, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Israel (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into Romania

Imports of electric generating sets and rotary converters into Romania surged to X units in 2021, picking up by X% against the previous year's figure. Over the period under review, imports saw a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports of attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of electric generating sets and rotary converters surged to $X in 2021. In general, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2020, China (X units) was the main electric generating set and rotary converter supplier to Romania, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from China exceeded the figures recorded by the second-largest supplier, Austria (X units), tenfold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2020, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Italy (X% per year).

In value terms, the largest electric generating set and rotary converter suppliers to Romania were China ($X), Turkey ($X) and Italy ($X), with a combined X% share of total imports. Germany, Austria, Poland and Bulgaria lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Poland, 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

In 2020, the average import price for electric generating sets and rotary converters amounted to $X per unit, falling by X% against the previous year. Overall, the import price continues to indicate a sharp decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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