Within the 2018-2023 timeframe, our forecast models predict growth from 6.5% p.a. in a low scenario to 7.6% p.a. in a high scenario. Accordingly, the industry in Romania is expected to achieve revenues of between $380m to $399m by 2023.
The commercial industrial gases market in Romania is estimated to have generated revenues of $277m in 2018. This is up from $174m in 2008, indicating an average annual growth rate of 5.1% for the decade.
Between 2008 and 2018 GDP grew by an average of 7.6%. Pre-2009, the economy expanded consistently at above 5% p.a. However, the global financial crisis that followed saw the economy contract by 2%, with no recovery in evidence until 2011. In 2018 the GDP grew at a rate of 9.9%.
Published: 2020
Report Data: 2019
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