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The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.
The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia, Lithuania.
Wednesday, 7 January 2015
Industrial manufacturing in Romania - growth and opportunity
During the recent years, industrial manufacturing in Romania has registered continuous growth. It represents one of the main sectors of opportunity in the region due to low cost labour market, availability of resources and facilities as well as of proximity to end-user / buyer.
According to the National Institute of Statistics, in the first nine months of 2014 compared to the similar period of 2013, the industrial production in Romanian has increased by 7.4% as gross series and by 8.5% as series adjusted by number of working days and seasonality. The growth as gross series has been recorded mainly due to the increase of the manufacturing sector (+8.8%).
By main industrial groups, in the first nine months of 2014 compared to the same period of 2013, increases as gross series have been recorded by the following industries:
capital goods industry: +13.4%
consumer durables industry: +8.2%
intermediate goods industry: +4.6%
consumer non-durables industry: +4.4%
The industrial new orders in Romania have increased by 6.8% in nominal terms in the first nine months of 2014 compared to the first nine months of 2013.
In 2013, the industrial sector had the biggest percentage in the GDP structure in Romania, of 30%. During the recent economic crisis period, the industrial manufacturing has been the main driver of the Romanian economy.
Some of the most dynamic sectors of industrial manufacturing in Romania are:
Automotive components manufacturing
Machine tools manufacturing
Electrical motors manufacturing
Mining equipment manufacturing
Oil & gas extraction equipment manufacturing
Rolling stock manufacturing
For specific info regarding manufacturers in Romania or B2B opportunities with local suppliers, feel free to contact us at firstname.lastname@example.org or +4021 4111459/60/61