Romania: Lift And Hoist Market 2024

Lift And Hoist Market Size in Romania

The Romanian lift and hoist market fell modestly to $X in 2022, with a decrease of -2.7% against the previous year. Overall, consumption, however, saw a strong increase. Lift and hoist consumption peaked at $X in 2021, and then fell in the following year.

Lift And Hoist Production in Romania

In value terms, lift and hoist production contracted significantly to $X in 2022 estimated in export price. In general, production, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 704%. As a result, production reached the peak level of $X, and then reduced rapidly in the following year.

Lift And Hoist Exports

Exports from Romania

Lift and hoist exports from Romania reached X units in 2022, remaining stable against 2021 figures. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 186% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, lift and hoist exports dropped slightly to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 196%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Belgium (X units) was the main destination for lift and hoist exports from Romania, accounting for a 26% share of total exports. Moreover, lift and hoist exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. The third position in this ranking was taken by the United States (X units), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled +78.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+165.3% per year) and the United States (+44.2% per year).

In value terms, Belgium ($X) remains the key foreign market for lifts and hoists exports from Romania, comprising 26% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports. It was followed by the United States, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at +76.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+161.0% per year) and the United States (+52.2% per year).

Export Prices by Country

In 2022, the average lift and hoist export price amounted to $X per unit, declining by -5.4% against the previous year. In general, the export price recorded a slight slump. The pace of growth appeared the most rapid in 2016 an increase of 13%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to New Zealand ($X per unit) and the United States ($X per unit), while the average price for exports to India ($X per unit) and Qatar ($X per unit) were 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 (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Lift And Hoist Imports

Imports into Romania

In 2022, the amount of lifts and hoists imported into Romania amounted to X units, picking up by 5.1% against the year before. Over the period under review, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 56% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, lift and hoist imports expanded sharply to $X in 2022. Overall, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by 45%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Slovakia (X units), Italy (X units) and Spain (X units) were the main suppliers of lift and hoist imports to Romania, together comprising 68% of total imports. Germany, Greece, Turkey and Bulgaria lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +39.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lift and hoist suppliers to Romania were Slovakia ($X), Italy ($X) and Spain ($X), together comprising 68% of total imports. Germany, Greece, Turkey and Bulgaria lagged somewhat behind, together comprising a further 24%.

In terms of the main suppliers, Bulgaria, with a CAGR of +39.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lift and hoist import price stood at $X per unit in 2022, rising by 5.7% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 8.7%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Greece ($X per unit) and Germany ($X per unit), while the price for Turkey ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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