Romania: Crane Market 2024

Crane Market Size in Romania

The Romanian crane market skyrocketed to $X in 2022, jumping by 68% against the previous year. In general, consumption continues to indicate prominent growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Crane Production in Romania

In value terms, crane production surged to $X in 2022 estimated in export price. Over the period under review, production saw significant growth. The growth pace was the most rapid in 2020 when the production volume increased by 348% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Crane Exports

Exports from Romania

Crane exports from Romania fell sharply to X units in 2022, dropping by -35.4% against the previous year. Over the period under review, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 126% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, crane exports dropped significantly to $X in 2022. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 183%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X units) was the main destination for crane exports from Romania, with a 62% share of total exports. Moreover, crane exports to Italy exceeded the volume sent to the second major destination, Germany (X units), fivefold. The third position in this ranking was held by Bulgaria (X units), with a 9% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.4% per year) and Bulgaria (+4.7% per year).

In value terms, Italy ($X) emerged as the key foreign market for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane exports from Romania, comprising 60% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 13% share of total exports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-3.8% per year) and Germany (+1.4% per year).

Export Prices by Country

The average crane export price stood at $X per unit in 2022, dropping by -33.5% against the previous year. In general, the export price continues to indicate a mild decrease. The growth pace was the most rapid in 2013 an increase of 60%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+70.1%), while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into Romania

Crane imports into Romania soared to X units in 2022, jumping by 27% on the previous year's figure. In general, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 108%. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, crane imports surged to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 80%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X units), Germany (X units) and Spain (X units) were the main suppliers of crane imports to Romania, with a combined 49% share of total imports. Finland, Turkey, China, the UK, Austria, Hungary, Switzerland, Poland, the Netherlands and Portugal lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +66.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Austria ($X) constituted the largest crane suppliers to Romania, together accounting for 47% of total imports. Turkey, China, Spain, Finland, Poland, Hungary, the UK, the Netherlands, Portugal and Switzerland lagged somewhat behind, together comprising a further 43%.

Switzerland, with a CAGR of +68.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crane import price stood at $X per unit in 2022, with a decrease of -9.2% against the previous year. Over the period under review, the import price showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 28% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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