Romania: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in Romania

The Romanian endless machinery band market fell to $X in 2023, waning by X% against the previous year. In general, consumption continues to indicate a deep downturn. Endless machinery band consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Endless Machinery Band Production in Romania

In value terms, endless machinery band production shrank to $X in 2023 estimated in export price. Overall, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Endless machinery band production peaked at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Endless Machinery Band Exports

Exports from Romania

Endless machinery band exports from Romania skyrocketed to X square meters in 2023, increasing by X% compared with the year before. In general, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports hit record highs at X square meters in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, endless machinery band exports surged to $X in 2023. Overall, exports continue to indicate a modest expansion. 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 hit record highs at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X square meters) was the main destination for endless machinery band exports from Romania, accounting for a X% share of total exports. Moreover, endless machinery band exports to Hungary exceeded the volume sent to the second major destination, Moldova (X square meters), more than tenfold.

From 2013 to 2023, the average annual growth rate of volume to Hungary stood at X%.

In value terms, Hungary ($X) emerged as the key foreign market for endless bands for machinery, of stainless steel exports from Romania, comprising X% of total exports. The second position in the ranking was held by Moldova ($X), with an X% share of total exports.

From 2013 to 2023, the average annual rate of growth in terms of value to Hungary stood at X%.

Export Prices by Country

In 2023, the average endless machinery band export price amounted to $X per square meter, falling by X% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per square meter in 2022, and then shrank significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Moldova ($X per square meter), while the average price for exports to Hungary amounted to $X per square meter.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Endless Machinery Band Imports

Imports into Romania

In 2023, purchases abroad of endless bands for machinery, of stainless steel increased by X% to X square meters, rising for the third consecutive year after two years of decline. Overall, imports continue to indicate noticeable growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, endless machinery band imports expanded markedly to $X in 2023. Over the period under review, imports posted prominent growth. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Italy (X square meters), Austria (X square meters) and Germany (X square meters) were the main suppliers of endless machinery band imports to Romania, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest endless machinery band suppliers to Romania were Italy ($X), Germany ($X) and Austria ($X), with a combined X% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, saw the highest growth rate of 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 endless machinery band import price stood at $X per square meter in 2023, with a decrease of X% against the previous year. Overall, the import price, however, showed notable growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per square meter in 2020; however, from 2021 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per square meter), while the price for Austria ($X per square meter) was amongst the lowest.

From 2012 to 2023, 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