Romania: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Romania

The Romanian jacks and hoists market reduced rapidly to $X in 2022, waning by -63.2% against the previous year. Over the period under review, consumption continues to indicate a abrupt shrinkage. Jacks and hoists consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Jacks And Hoists Production in Romania

In value terms, jacks and hoists production skyrocketed to $X in 2022 estimated in export price. In general, production faced a dramatic setback. Jacks and hoists production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Jacks And Hoists Exports

Exports from Romania

In 2022, approx. X units of jacks and hoists for raising vehicles were exported from Romania; with an increase of 339% against 2021 figures. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 1,323% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, jacks and hoists exports fell rapidly to $X in 2022. In general, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 89%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units), France (X units) and Denmark (X units) were the main destinations of jacks and hoists exports from Romania, with a combined 93% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +273.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Russia ($X) and France ($X) were the largest markets for jacks and hoists exported from Romania worldwide, with a combined 55% share of total exports.

Among the main countries of destination, Denmark, with a CAGR of +266.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average jacks and hoists export price stood at $X per unit in 2022, waning by -84.7% against the previous year. Over the period under review, the export price faced a dramatic setback. The growth pace was the most rapid in 2019 an increase of 907%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Russia ($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 Denmark (-1.9%), while the prices for the other major destinations experienced a decline.

Jacks And Hoists Imports

Imports into Romania

In 2022, after three years of decline, there was significant growth in supplies from abroad of jacks and hoists for raising vehicles, when their volume increased by 7.6% to X units. Over the period under review, imports, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by 107% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, jacks and hoists imports soared to $X in 2022. Overall, imports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by 48%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

France (X units), China (X units) and Turkey (X units) were the main suppliers of jacks and hoists imports to Romania, with a combined 68% share of total imports. South Korea, the Netherlands, Poland and Germany lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +11.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of jacks and hoists for raising vehicles to Romania, comprising 25% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.3% per year) and France (-6.7% per year).

Import Prices by Country

In 2022, the average jacks and hoists import price amounted to $X per unit, growing by 20% against the previous year. In general, the import price, however, recorded a pronounced descent. The growth pace was the most rapid in 2020 an increase of 43%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Germany ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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