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Industry revenue of »retail sale of hardware, paints and glass« in Romania 2011-2023

Even though the Romanian retail market went through some difficult times between 2009 and 2013, in the aftermath of the global economic crisis, the period after has shown signs of strong recovery. This is also true of the hardware, paints and glass market which is expected to grow from 3.5 billion U.S. dollars in 2018 to 4.5 billion U.S. dollars in 2023. Dedeman, Praktiker, Leroy Merlin, Brico Depot and Ambient are the top five DIY retailers in the country. In fact, Dedeman opened its 50th store in Romania in December 2019, making it the only Romanian hardware company to cross this mark.

However, these growth forecasts do not take into account the recent Covid-19 outbreak around the world, which has affected non-food retailers quit severely. A recent study by Colliers International’s retail division, found that 45% of retailers in the country, were already expecting a 30% decline in revenues in 2020. If business activity does not resume over the short term, many retailers could be forced out of business.

Industry revenue of »retail sale of hardware, paints and glass« in Romania from 2011 to 2023

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Romania. The industry “retail sale of hardware, paints and glass in specialised stores“ has the code “G4752“.

Details on the methodology can be found here.

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