Seals; Mechanical Price in Romania - 2023

Seals; Mechanical Price in Romania (CIF) - 2023

The average seals; mechanical import price stood at $1.1 per unit in August 2023, which is down by -16% against the previous month. In general, the import price showed a abrupt setback. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 206% month-to-month. The import price peaked at $2.3 per unit in December 2022; however, from January 2023 to August 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Hungary ($4.0 per unit), while the price for Spain ($214 per thousand units) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Hungary (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Romania (FOB) - 2022

The average seals; mechanical export price stood at $1.1 per unit in 2022, surging by 20% against the previous year. Overall, the export price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 59%. As a result, the export price attained the peak level of $5.8 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($5 per unit), while the average price for exports to Sweden ($0.6 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 Turkey (+7.2%), while the prices for the other major destinations experienced a decline.

Seals; Mechanical Imports in Romania

After two years of decline, supplies from abroad of seals; mechanicals increased by 45% to 19M units in 2022. Over the period under review, total imports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +3.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical imports surged to $28M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Seals; Mechanical in Romania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	8.1	7.4	7.2	14.3	20.9%
France	2.3	1.2	1.4	3.5	15.0%
Spain	1.5	1.7	1.7	2.7	21.6%
Hungary	0.9	1.0	1.5	1.3	13.0%
Poland	0.9	0.8	0.8	0.9	0.0%
Italy	0.8	0.9	0.5	0.6	-9.1%
United Kingdom	2.3	1.9	0.9	0.6	-36.1%
Turkey	0.6	0.4	0.4	0.4	-12.6%
Slovakia	N/A	N/A	N/A	0.2	0%
Others	3.6	3.0	4.1	4.0	3.6%
Total	20.9	18.4	18.4	28.4	10.8%

Top Suppliers of Seals; Mechanical to Romania in 2022:

Germany (7.5M units)
France (3.9M units)
Spain (1.7M units)
Poland (1.5M units)
Turkey (1.1M units)
Hungary (0.7M units)
Slovakia (0.4M units)
Italy (0.3M units)
United Kingdom (0.2M units)

Seals; Mechanical Exports in Romania

In 2022, after three years of growth, there was significant decline in shipments abroad of seals; mechanicals, when their volume decreased by -17.8% to 4.6M units. The total export volume increased at an average annual rate of +7.5% from 2019 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 2020 when exports increased by 27% against the previous year. The exports peaked at 5.6M units in 2021, and then contracted sharply in the following year.

In value terms, seals; mechanical exports reduced to $5.2M in 2022. The total export value increased at an average annual rate of +12.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 21% against the previous year. As a result, the exports reached the peak of $5.2M, and then fell in the following year.

Export of Seals; Mechanical in Romania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	1,243	2,226	1,761	1,263	0.5%
Turkey	5.3	10.8	7.0	568	375.0%
Sweden	128	344	761	524	60.0%
Bangladesh	N/A	102	205	425	104.1%
Bulgaria	237	223	357	326	11.2%
Belgium	11.2	11.7	26.7	297	198.2%
Pakistan	N/A	N/A	N/A	167	0%
United Kingdom	270	31.7	82.2	146	-18.5%
Switzerland	N/A	N/A	0.9	145	16011.1%
France	28.1	14.2	107	124	64.0%
Hungary	116	104	93.2	96.4	-6.0%
Germany	159	61.6	86.6	76.4	-21.7%
Poland	8.7	6.0	25.4	52.8	82.4%
Others	1,418	1,212	1,735	975	-11.7%
Total	3,626	4,346	5,248	5,186	12.7%