Hand-operated spanners and wrenches including torque meter wrenches excluding tap wrenches market in Romania

Earlier Report Observations

The market for hand-operated spanners and wrenches in Romania showed divergent trends in physical volume and value between 2018 and 2024. In volume terms, the market shrank from 2 888 t in 2018 to 1 738 t in 2024, a 40% reduction. In contrast, the market value increased from 16.6 million USD to 18.5 million USD, an 11% rise, indicating a significant increase in average unit price.

The sharpest volume decline occurred in 2020, when the market fell to 1 857 t, down 22% from the previous year. A recovery followed in 2021, with volume growing by 19% to 2 205 t and value surging by 33% to 19.0 million USD. This rebound coincided with a noted increase in consumer interest in digital and high-precision tools, which expanded the availability of such products on the local market. After 2021, market volume fluctuated, dropping in 2022 and 2023 before a slight uptick in 2024, while value remained stable around 18.4–18.5 million USD.

Production hand spanners and wrenches in Romania

In value, 2017-2020, K $ US

In Romania, the production value of hand-operated spanners and wrenches, including torque meter wrenches but excluding tap wrenches, reached 1 006 K $ US in 2020. This represented a slight improvement of 2.1% compared to the previous year. However, looking at the broader period from 2018 to 2020, production decreased by 15.6%, which equates to an annualized decline rate of 5.5%. The lowest value was recorded in 2019 at 986 K $ US, with the largest year-on-year decline of 17.3% also occurring that year.

Annual dynamics of production in Romania in value, 2017-2020, K $ US

In kind, 2017-2020, t

Romania's production volume of hand-operated spanners and wrenches, including torque meter wrenches but excluding tap wrenches, declined for the second consecutive year. In 2020, the country produced 213.8 t, marking a small drop of 3.0% compared to 2019. Over the three-year period from 2018 to 2020, production decreased by 17.2%, with a compound annual growth rate (CAGR) of -6.1%.

Annual dynamics of production in Romania in kind, 2017-2020, t

Exports hand spanners and wrenches from Romania

Exports in kind, t

Romania's export volume of hand-operated spanners and wrenches, including torque meter wrenches but excluding tap wrenches, declined for the third consecutive year. In 2020, exports totalled 386 t, representing a strong decline of 19.5% compared to the previous year. From 2017 to 2020, exports decreased by 35.6%, equating to an annualized decline rate of 13.7%.

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

Between 2017 and 2020, the leading destinations for Romania's exports of hand-operated spanners and wrenches, including torque meter wrenches but excluding tap wrenches, were Morocco (22.5% of exports in kind), Russia (15.9%), and Hungary (12.6%). Together, these three countries accounted for 50.9% of total export flows.

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, K $ US

Romania's foreign supplies of hand-operated spanners and wrenches, including torque meter wrenches but excluding tap wrenches, declined in value for the third consecutive year. In 2020, export value totalled 1 942 K $ US, which was 12.6% weaker than the previous year. From 2017 to 2020, exports decreased by 31.9%, equating to an annualized decline rate of 12.0%.

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

Over the period 2017–2020, France (17.0% of exports in value terms), Morocco (12.9%), and Hungary (12.5%) were the largest buyers of hand-operated spanners and wrenches, including torque meter wrenches but excluding tap wrenches, from Romania. Together, they accounted for 42.4% of total export value, with a broad range of smaller partners making up the remainder.

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

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

Imports hand spanners and wrenches to Romania

Imports in kind, t

Romania's imports of hand-operated spanners and wrenches, including torque meter wrenches but excluding tap wrenches, declined in volume for the second consecutive year. In 2020, imports reached 2 029 t, corresponding to a decline of 22.9% compared to 2019. Over the period from 2017 to 2020, imports decreased by 5.6%, with a compound annual growth rate (CAGR) of -1.9%. The highest volume was recorded in 2018 at 3 178 t, which also saw the largest year-on-year increase of 47.8%.

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

Throughout 2017–2020, China (30.2% of imports in kind), Germany (13.2%), and Slovenia (11.6%) played the leading roles in Romania's imports of hand-operated spanners and wrenches, including torque meter wrenches but excluding tap wrenches. Together, these three countries accounted for 55.1% 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, K $ US

Romania's imports of hand-operated spanners and wrenches, including torque meter wrenches but excluding tap wrenches, declined in value for the second consecutive year. In 2020, the country imported 15 216 K $ US worth of these tools, indicating a substantial loss of 14.4% compared to the previous year. However, over the period from 2017 to 2020, imports increased by 6%, with a compound annual growth rate (CAGR) of 2.0%. The peak value was recorded in 2018 at 18 132 K $ US, which also experienced the largest year-on-year increase of 26.3%.

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

In the period 2017–2020, Slovenia (36.3% of imports in value terms), China (14.3%), and Germany (14.2%) consistently remained the main sources for Romania's imports of hand-operated spanners and wrenches, including torque meter wrenches but excluding tap wrenches. Together, they accounted for 64.8% 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