The Romanian hoisting equipment market is rapidly declining to $X in 2021, shrinking by -X% compared to the previous year. Overall, consumption showed a marked contraction. As a result, consumption reaches a peak level of X dollars. From 2019 to 2021, the market growth rate will remain at a low level.

In value terms, hoisting equipment production contracted significantly to an estimated $X at export prices in 2021. Overall, however, production enjoyed a modest expansion. The most significant growth rate occurred in 2018, with an increase of X%. Lifting equipment production peaked at $X in 2020 before shrinking significantly the following year.

Romania’s lifting equipment export scale
In 2021, overseas shipments of lifting equipment will increase by X% to X units, the third consecutive year of growth after two years of decline. Overall, exports recorded significant growth. The growth rate was most pronounced in 2015, with an X% increase over the previous year. Exports peaked in 2021 and may gradually increase in the short term.

Lifting equipment exports soar to $X in 2021 by value. Overall, exports showed resilient growth. Growth was the fastest in 2020, up X%. Exports peaked in 2021 and are expected to keep growing in the near future.

The United Kingdom (X units), Australia (X units) and Bulgaria (X units) were the main destinations for Romanian hoisting equipment exports, accounting for X% of total exports.

From 2012 to 2021, among the major destination countries, the growth rate of shipments was most pronounced in Bulgaria (+X% CAGR), while the growth rates of other leaders were more moderate.

In terms of value, the United Kingdom ($X) became the main foreign market for Romanian lifting equipment exports, accounting for X% of total exports. In second place is Bulgaria ($X) with X% of total exports. It is followed by Australia with an X% share.

Average annual growth in value to the UK from 2012 to 2021 +X%. Exports to other major destinations recorded the following average annual export growth rates: Bulgaria (+X% per annum) and Australia (X% per annum).

Romania’s Import Scale of Lifting Equipment
In 2021, approximately X cranes were imported into Romania; -X% decrease compared to the previous year. Overall, imports fell sharply. The most significant growth rate occurred in 2018, with an increase of X%. As a result, imports peaked at X units. Import growth will remain low in 2019-2021.

In value terms, hoisting equipment imports fell sharply to $X in 2021. Overall, imports continue to show serious setbacks. The most significant growth rate occurred in 2018, when imports increased by X%. As a result, imports peaked at X dollars. Import growth will remain low in 2019-2021.

The Netherlands (X units), Italy (X units) and Germany (X units) are the main suppliers of lifting equipment imports to Romania, accounting for X% of total imports. This is followed by the UK, France, Turkey, Hungary and China, which have seen further growth in procurement from 2012 to 2021, with the UK recording the most significant growth among major suppliers ( with a compound annual growth rate of +X%), while the import growth rate of other leading players is more moderate.

The Netherlands ($X), Italy ($X) and the United Kingdom ($X) appear to be Romania’s largest lifting equipment suppliers by value, together accounting for X% of total imports. The UK recorded the highest import value growth rate among the major suppliers during the period under review, at a CAGR of +X%, while procurement from other leaders showed a mixed trend.

Statistics of various crane suppliers in Romania
The Netherlands, Italy and the United Kingdom are Romania’s largest lifting equipment suppliers by value, accounting for 80% of total imports.

In terms of value, the UK emerged as the main foreign market for Romanian hoisting equipment exports, accounting for 74% of total exports. Bulgaria ranks second with 13% of total exports. It is followed by Australia with a share of 9.8%.

The average export price of hoisting equipment in 2021 is US$4,908 per unit, a year-on-year decrease of -38.6%.

In 2021, the average import price of lifting equipment will be US$3,617 per unit, a year-on-year increase of 37%.

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Romania: Crane Equipment Market Analysis 2022