Romania: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in Romania

In 2022, the Romanian electrical signalling apparatus market decreased by X% to $X, falling for the third year in a row after two years of growth. In general, consumption recorded a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Electrical Signalling Apparatus Production in Romania

In value terms, electrical signalling apparatus production soared to $X in 2022 estimated in export price. In general, production continues to indicate a drastic downturn. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Electrical Signalling Apparatus Exports

Exports from Romania

In 2022, exports of electrical apparatus for sound or visual signalling from Romania surged to X units, growing by X% against 2021. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical signalling apparatus exports soared to $X in 2022. In general, exports recorded a prominent expansion. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), the United States (X units) and the UK (X units) were the main destinations of electrical signalling apparatus exports from Romania, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical signalling apparatus exported from Romania were Germany ($X), the United States ($X) and Italy ($X), together comprising X% of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average electrical signalling apparatus export price amounted to $X per unit, shrinking by X% against the previous year. In general, the export price recorded a deep downturn. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the UK ($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 France (X%), while the prices for the other major destinations experienced a decline.

Electrical Signalling Apparatus Imports

Imports into Romania

In 2022, supplies from abroad of electrical apparatus for sound or visual signalling decreased by X% to X units, falling for the second year in a row after five years of growth. Over the period under review, total imports indicated strong growth 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, electrical signalling apparatus imports expanded significantly to $X in 2022. Overall, total imports indicated temperate growth 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, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical signalling apparatus to Romania, accounting for a X% share of total imports. Moreover, electrical signalling apparatus imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), 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 the Netherlands (X% per year).

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

Turkey, with a CAGR of X%, 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 electrical signalling apparatus import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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