Romania: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Romania

The Romanian diagnostic equipment market soared to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption, however, saw measured growth. Diagnostic equipment consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Diagnostic Equipment Production in Romania

In value terms, diagnostic equipment production dropped remarkably to $X in 2023 estimated in export price. Overall, production continues to indicate a sharp decline. Diagnostic equipment production peaked at $X in 2022, and then contracted markedly in the following year.

Diagnostic Equipment Exports

Exports from Romania

In 2023, after seven years of growth, there was significant decline in overseas shipments of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, when their volume decreased by X% to X units. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, diagnostic equipment exports skyrocketed to $X in 2023. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Norway (X units) was the main destination for diagnostic equipment exports from Romania, accounting for a X% share of total exports. Moreover, diagnostic equipment exports to Norway exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. Denmark (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Denmark (X% per year).

In value terms, the largest markets for diagnostic equipment exported from Romania were Austria ($X), Norway ($X) and China ($X), together comprising X% of total exports.

Among the main countries of destination, Austria, with a CAGR of X%, saw 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 2023, the average diagnostic equipment export price amounted to $X per unit, jumping by X% against the previous year. Overall, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2023, the average export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Diagnostic Equipment Imports

Imports into Romania

After three years of growth, purchases abroad of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus decreased by X% to X units in 2023. Overall, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2022, and then contracted modestly in the following year.

In value terms, diagnostic equipment imports soared to $X in 2023. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure in 2023 and are likely to see steady growth in the near future.

Imports by Country

Germany (X units), the Netherlands (X units) and China (X units) were the main suppliers of diagnostic equipment imports to Romania, with a combined X% share of total imports. Italy, Belgium, Poland, Austria, Spain, Hungary, France, Denmark, South Korea and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus to Romania, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Austria (X% per year).

Import Prices by Country

The average diagnostic equipment import price stood at $X per unit in 2023, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked in 2023 and is likely to see steady growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform