Romania: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Romania

In 2022, the Romanian overhead travelling crane market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -20.7% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Overhead Travelling Crane Production in Romania

In value terms, overhead travelling crane production reduced slightly to $X in 2022 estimated in export price. In general, production, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 36%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Overhead Travelling Crane Exports

Exports from Romania

In 2022, after two years of growth, there was significant decline in overseas shipments of overhead travelling cranes on fixed support, when their volume decreased by -82.6% to X units. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 3,745% against the previous year. As a result, the exports attained the peak of X units, and then declined notably in the following year.

In value terms, overhead travelling crane exports shrank notably to $X in 2022. Over the period under review, exports, however, posted strong growth. The pace of growth was the most pronounced in 2017 when exports increased by 1,407%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for overhead travelling crane exports from Romania, accounting for a 84% share of total exports. Moreover, overhead travelling crane exports to Germany exceeded the volume sent to the second major destination, Saudi Arabia (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +80.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+15.3% per year) and Bulgaria (+26.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for overhead travelling cranes on fixed support exports from Romania, comprising 74% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +68.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+14.5% per year) and Saudi Arabia (-7.7% per year).

Export Prices by Country

In 2022, the average overhead travelling crane export price amounted to $X per unit, falling by -42.8% against the previous year. Overall, the export price faced a sharp reduction. The growth pace was the most rapid in 2014 an increase of 184%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while the average price for exports to Saudi Arabia ($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 Bulgaria (-12.5%), while the prices for the other major destinations experienced a decline.

Overhead Travelling Crane Imports

Imports into Romania

In 2022, purchases abroad of overhead travelling cranes on fixed support increased by 3.5% to X units, rising for the second consecutive year after three years of decline. In general, imports showed a notable increase. The most prominent rate of growth was recorded in 2017 with an increase of 186% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, overhead travelling crane imports fell to $X in 2022. Overall, imports, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2017 with an increase of 167% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Finland (X units), Italy (X units) and Hungary (X units) were the main suppliers of overhead travelling crane imports to Romania, together comprising 76% of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +71.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest overhead travelling crane suppliers to Romania were Finland ($X), Italy ($X) and Hungary ($X), with a combined 76% share of total imports.

Finland, with a CAGR of +110.7%, saw the highest growth rate of 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

In 2022, the average overhead travelling crane import price amounted to $X per unit, reducing by -10.9% against the previous year. In general, the import price saw a perceptible curtailment. The pace of growth was the most pronounced in 2019 an increase of 3.3%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Bulgaria ($X per unit) and China ($X per unit), while the price for Spain ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+24.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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