Knives and cutting blades for machines or mechanical appliances market in Romania

Earlier Report Observations

Between 2018 and 2020, the Romanian market for knives and cutting blades for machines contracted in both physical volume and monetary value. Market volume declined from 2 256 t to 1 896 t, a 16% reduction, while the market's value fell from 31 662 thousand USD to 26 893 thousand USD. This downturn coincided with a drop in domestic production from 355 t to 300 t and a decrease in import volumes from 2 131 t to 1 849 t over the same two-year period.

Following 2020, import volumes recovered to 2 540 t in 2021 and then stabilized around 2 270 t through 2024. In value terms, however, imports exhibited strong growth, rising from 30 135 thousand USD in 2020 to 41 889 thousand USD in 2024. Export volumes also increased from 229 t in 2018 to 335 t in 2024, indicating a rise in outward shipments alongside the higher-value import trend in the latter years.

Production machine knives and cutting blades in Romania

In value, 2017-2020, K $ US

Romania's production of knives and cutting blades for machines or mechanical appliances declined for the second year in a row. In 2020, output was valued at 2 950 K $ US, marking a significant drop of 10.9% compared to the previous year. From 2018 to 2020, production fell by 31.5%, which translates to an annualized decline rate of 11.8%.

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

In kind, 2017-2020, t

Romania's production of knives and cutting blades for machines or mechanical appliances decreased for the second consecutive year. In 2020, the country produced 300.3 t, showing a substantial decline of 10.2% from the year before. Between 2018 and 2020, production dropped by 15.4%, with a compound annual growth rate of -5.4%.

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

Exports machine knives and cutting blades from Romania

Exports in kind, t

Romania exported 253 t of knives and cutting blades for machines or mechanical appliances in 2020, representing a sharp decrease of 13.0% compared to 2019. The lowest export volume was in 2018 at 229 t, while the highest was in 2019 at 291 t. The most significant increase occurred in 2019, with a rise of 27.0%.

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

From 2017 to 2020, Italy, Germany, and Sweden were the top destinations for Romania's exports of knives and cutting blades in kind. Italy accounted for 49.3% of exports, Germany for 16.4%, and Sweden for 9.3%. Together, these three countries made up 75.0% 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 exported 6 191 K $ US worth of knives and cutting blades for machines or mechanical appliances in 2020, an increase of 11.8% over the previous year. Between 2017 and 2020, exports grew by 28%, with a compound annual growth rate of 8.6%. The largest decline was in 2019 at 1.2%, while the biggest increase was in 2018 at 15.7%.

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

From 2017 to 2020, Italy, Germany, and Serbia consistently led as the main destinations for Romania's exports in value terms. Italy held 39.9% of exports, Germany 19.2%, and Serbia 8.6%. Combined, these three countries represented 67.7% 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 machine knives and cutting blades to Romania

Imports in kind, t

Romania's imports of knives and cutting blades for machines or mechanical appliances fell for the second year in a row. In 2020, imports totaled 1 849 t, a decrease of 2.6% year-over-year. Over the period from 2017 to 2020, imports increased by 9.5%, with a compound annual growth rate of 3.1%. The highest import volume was in 2018 at 2 131 t. The largest decline was in 2019 at 10.9%, while the biggest increase was in 2018 at 26.2%.

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

Between 2017 and 2020, Germany, China, and Italy were the primary sources for Romania's imports of knives and cutting blades in kind. Germany accounted for 22.1% of imports, China for 18.3%, and Italy for 16.2%. Together, these three countries comprised 56.6% 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

In 2020, Romania's imports of knives and cutting blades for machines or mechanical appliances amounted to 30 135 K $ US, showing a slight increase of 1.2% compared to 2019. From 2017 to 2020, imports rose by 22.3%, with a compound annual growth rate of 6.9%. The peak import value was in 2018 at 32 957 K $ US. The largest decline occurred in 2019 at 9.6%, while the most significant increase was in 2018 at 33.8%.

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

From 2017 to 2020, Germany, Italy, and China emerged as the key markets for Romania's imports in value terms. Germany represented 31.7% of imports, Italy 16.0%, and China 6.4%. Collectively, these three countries accounted for 54.1% 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