Romania: Fork-Lift Truck Market 2024

Fork-Lift Truck Market Size in Romania

After two years of decline, the Romanian fork-lift truck market increased by 35% to $X in 2022. Over the period under review, consumption continues to indicate a remarkable increase. Fork-lift truck consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Fork-Lift Truck Production in Romania

In value terms, fork-lift truck production soared to $X in 2022 estimated in export price. In general, production saw a resilient expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 37,320% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Fork-Lift Truck Exports

Exports from Romania

In 2022, the amount of fork-lift trucks exported from Romania shrank to X units, with a decrease of -5.3% on 2021 figures. Over the period under review, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2018 with an increase of 311%. Over the period under review, the exports hit record highs at X units in 2021, and then contracted in the following year.

In value terms, fork-lift truck exports fell sharply to $X in 2022. In general, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 1,865%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for fork-lift truck exports from Romania, with a 74% share of total exports. Moreover, fork-lift truck exports to France exceeded the volume sent to the second major destination, Germany (X units), ninefold. The third position in this ranking was taken by Turkey (X units), with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +76.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-4.4% per year) and Turkey (+14.4% per year).

In value terms, Bulgaria ($X), France ($X) and Moldova ($X) were the largest markets for fork-lift truck exported from Romania worldwide, together comprising 76% of total exports.

France, with a CAGR of +93.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fork-lift truck export price stood at $X per unit in 2022, reducing by -44.1% against the previous year. Overall, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 379% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to France ($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 Moldova (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Fork-Lift Truck Imports

Imports into Romania

Fork-lift truck imports into Romania reached X units in 2022, approximately mirroring 2021 figures. Overall, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, fork-lift truck imports expanded remarkably to $X in 2022. Over the period under review, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Vietnam (X units), Germany (X units) and Italy (X units) were the main suppliers of fork-lift truck imports to Romania, with a combined 49% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +44.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of fork-lift trucks to Romania, comprising 32% of total imports. The second position in the ranking was taken by China ($X), with a 9.7% share of total imports. It was followed by France, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.2% per year) and France (+12.9% per year).

Import Prices by Country

The average fork-lift truck import price stood at $X per unit in 2022, growing by 14% against the previous year. Over the period under review, the import price showed buoyant growth. The pace of growth was the most pronounced in 2015 an increase of 32%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+36.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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