Fixed, power and variable electrical capacitors market in Romania

Earlier Report Observations

Imports of fixed, power and variable electrical capacitors into Romania fluctuated between 2018 and 2024, reflecting changes in demand for power factor correction equipment. The liberalization of the electricity market starting in 2021 increased price volatility, which drove demand for capacitors to improve energy efficiency and avoid penalties for reactive power consumption. This contributed to import growth from $253.0 million in 2020 to $281.3 million in 2021 and further to a peak of $321.2 million in 2023.

Domestic production remained relatively stable at around $40 million in 2022 and 2023 but fell to $31.9 million in 2024. The overall market size, calculated as production plus imports minus exports, grew from $279.1 million in 2022 to $324.4 million in 2023, supported by demand from state-owned energy companies and ongoing needs for power factor correction. However, the market contracted to $253.3 million in 2024 despite rising electricity consumption and growing interest in supercapacitors for rapid energy storage in renewable energy applications.

Production fixed, power and variable electrical capacitors in Romania

According to Faostat, there is no production of fixed, power and variable electrical capacitors in Romania.

Exports fixed, power and variable electrical capacitors from Romania

Exports in kind, t

Romania's exports of fixed, power, and variable electrical capacitors declined for the second year in a row. In 2020, exports totaled 3 835 tons, representing an 8.3% decrease compared to the previous year. Over the period from 2017 to 2020, exports grew by 14.7%, which translates to an average annual growth rate of 4.7%. The peak export volume was recorded in 2018 at 4 224 tons, with the largest year-over-year increase of 26.3% also occurring that year.

Annual dynamics of product's exports from Romania in kind, 2017-2020, t

From 2017 to 2020, Italy remained the primary destination for Romania's exports of fixed, power, and variable electrical capacitors in terms of volume, accounting for 80.8% of total exports. The remaining share was distributed among other countries.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Romania in kind, 2017-2020

Exports in value, M $ US

Following two years of growth, Romania's export value of fixed, power, and variable electrical capacitors declined. In 2020, exports amounted to 42.4 million US dollars, marking a 14.4% drop from the previous year. Between 2017 and 2020, export value increased by 17.1%, corresponding to an average annual growth rate of 5.4%. The highest value was recorded in 2019 at 49.6 million US dollars, while the largest year-over-year increase of 29.1% occurred in 2018.

Annual dynamics of product's exports from Romania in value, 2017-2020, M $ US

During the 2017–2020 period, Italy, Slovakia, and Hungary formed the core of Romania's export value for fixed, power, and variable electrical capacitors. Italy accounted for 67.6% of exports in value terms, Slovakia for 10.8%, and Hungary for 5.5%, together representing 83.9% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Romania in value, 2017-2020

Imports fixed, power and variable electrical capacitors to Romania

Imports in kind, t

The import market for fixed, power, and variable electrical capacitors in Romania showed an unstable trend from 2017 to 2020. Imports reached their lowest point in 2017 and peaked in 2019, with a 2.8-fold difference between these years. In 2020, imports totaled 7 587 tons, reflecting a sharp decrease of 35.0% compared to 2019. The maximum import volume was recorded in 2019 at 11 669 tons, with the largest year-over-year increase of 121.2% also occurring that year.

Annual dynamics of product's imports to Romania in kind, 2017-2020, t

From 2017 to 2020, Germany, the Netherlands, and Italy were the main sources for Romania's imports of fixed, power, and variable electrical capacitors in terms of volume. Germany accounted for 55.5% of imports in kind, the Netherlands for 11.8%, and Italy for 6.2%, together making up 73.5% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Romania in kind, 2017-2020

Imports in value, M $ US

After two years of growth, Romania's import value of fixed, power, and variable electrical capacitors declined. In 2020, imports stood at 253.0 million US dollars, indicating a gradual fall of 9.3% compared to 2019. Over the 2017–2020 period, import value increased by 40.2%, with a compound annual growth rate of 11.9%. The highest value was recorded in 2019 at 279.0 million US dollars, while the largest year-over-year increase of 40.6% occurred in 2018.

Annual dynamics of product's imports to Romania in value, 2017-2020, M $ US

Over the 2017–2020 timeframe, Germany, the Netherlands, and Czechia emerged as the primary markets for Romania's imports of fixed, power, and variable electrical capacitors in value terms. Germany represented 56.1% of imports in value terms, the Netherlands 12.7%, and Czechia 4.9%, together accounting for 73.7% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Romania in value, 2017-2020