Weaving Machines (Looms) Price in Romania - 2023

Contents:

  1. Weaving Machines (Looms) Price in Romania (CIF) - 2022
  2. Weaving Machines (Looms) Price in Romania (FOB) - 2022
  3. Weaving Machines (Looms) Imports in Romania
  4. Weaving Machines (Looms) Exports in Romania

Weaving Machines (Looms) Price in Romania (CIF) - 2022

The average weaving machines (looms) import price stood at $27,143 per unit in 2022, surging by 18% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, weaving machines (looms) import price decreased by +0.5% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 91% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($53,214 per unit), while the price for China ($165 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+93.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Weaving Machines (Looms) Price in Romania (FOB) - 2022

The average weaving machines (looms) export price stood at $2,078 per unit in 2022, dropping by -45.4% against the previous year. In general, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2015 when the average export price increased by 56%. Over the period under review, the average export prices reached the peak figure at $14,292 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($10,654 per unit), while the average price for exports to Serbia ($31 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 Pakistan (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Weaving Machines (Looms) Imports in Romania

After three years of growth, overseas purchases of weaving machines (looms)s decreased by -0.5% to 220 units in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, imports reached the peak of 221 units, leveling off in the following year.

In value terms, weaving machines (looms) imports soared to $6M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Weaving Machines (Looms) in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany17.172.82,1152,927455.2%
Italy1,0885112491,042-1.4%
Belgium1,5981,7731,341851-18.9%
Switzerland2.185.1600739606.0%
Austria2.1191106280410.9%
France18.5N/A0.267.353.8%
Turkey312N/A5.918.4-61.1%
China6.52686370.2-68.7%
Spain11.558730.2N/A62.1%
United States439N/A0.3N/A-97.4%
Japan525N/AN/AN/A0%
Others31.1341N/A47.315.0%
Total4,0513,8295,0855,97113.8%

Top Suppliers of Weaving Machines (Looms) to Romania in 2022:

  1. Italy (76.0 units)
  2. Germany (55.0 units)
  3. Switzerland (25.0 units)
  4. Belgium (21.0 units)
  5. France (19.0 units)
  6. Turkey (8.0 units)
  7. Austria (6.0 units)
  8. China (1.0 units)

Weaving Machines (Looms) Exports in Romania

In 2022, shipments abroad of weaving machines (looms)s increased by 31% to 98 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a pronounced descent. The exports peaked at 105 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, weaving machines (looms) exports contracted markedly to $204K in 2022. In general, exports, however, recorded a precipitous decrease. The smallest decline of -21.1% was in 2020. The exports peaked at $784K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Weaving Machines (Looms) in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India43.8119N/A87.025.7%
Turkey108255N/A72.8-12.3%
Italy3821516.921.3-61.8%
PakistanN/AN/A87.57.9-91.0%
Moldova21.4N/AN/A7.6-29.2%
SerbiaN/AN/AN/A1.20%
BrazilN/A91.6N/AN/A0%
Peru95.3N/AN/AN/A0%
CroatiaN/A1.8N/AN/A0%
Egypt26.3N/A35.1N/A15.5%
Canada26.7N/AN/AN/A0%
Others80.80.81565.8-58.4%
Total784619285204-36.2%

Top Export Markets for Weaving Machines (Looms) from Romania in 2022:

  1. Serbia (37.0 units)
  2. India (33.0 units)
  3. Turkey (13.0 units)
  4. Moldova (9.0 units)
  5. Pakistan (2.0 units)
  6. Italy (2.0 units)

Source: IndexBox Market Intelligence Platform

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