Earlier Report Observations
The market for boring or sinking machinery in Romania started the period at $112.0 million in 2018. Growth that year was fueled by European Union subsidies covering up to 90% of equipment costs, which stimulated demand, and the entry of new specialized suppliers like Magna Drill, expanding service and rental options. The market then saw a slight contraction to $108.1 million in 2019 before stabilizing at the same level in 2020.
A strong post-pandemic recovery took hold, supported by renewed infrastructure investments and the adoption of innovative, environmentally friendly technologies. This momentum helped push the market size to $119.0 million by 2022, a period that also saw the introduction of new electric and compact machinery models from major distributors, catering to trends in sustainability and digitalization.
Market activity remained high, with 2023 characterized by record sales volumes driven by sustained infrastructure spending. This trend culminated in a significant expansion of the market to $177.3 million in 2024. The growth occurred alongside continued investments by key players in operational efficiency and multi-channel development, even as broader political and economic uncertainties began to surface.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In value
- 4.1.1.1. Production, 2018-2020, 2022, 2024
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2020, 2022, 2024
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4.1.1. In value
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Romania
- 5.1.1. In kind, 2018-2020, 2022, 2024, unit
- 5.1.2. In value, 2018-2020, 2022, 2024, M $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In kind, 2018-2024, unit
- 5.2.2. In value, 2018-2024, M $ US
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5.1. Production in Romania
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, unit
- 6.1.2.1. Annual dynamics of product's imports to Romania in kind, 2018-2024, unit
- 6.1.2.2. Dynamics of product's imports in kind to Romania by countries, 2018-2024, unit
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Romania in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Romania by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, K $ US/unit
- 6.1.4.1. Annual dynamics of average price of product's imports to Romania, 2018-2024, K $ US/unit
- 6.1.4.2. Dynamics of average price of product's imports to Romania by countries, 2018-2024, K $ US/unit
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, unit
- 6.2.2.1. Annual dynamics of product's imports to Romania in kind, 2018-2024, unit
- 6.2.2.2. Dynamics of product's imports in kind to Romania by countries, 2018-2024, unit
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Romania in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Romania by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, K $ US/unit
- 6.2.4.1. Annual dynamics of average price of product's imports to Romania, 2018-2024, K $ US/unit
- 6.2.4.2. Dynamics of average price of product's imports to Romania by countries, 2018-2024, K $ US/unit
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, unit
- 7.1.2.1. Annual dynamics of product's exports from Romania in kind, 2018-2024, unit
- 7.1.2.2. Dynamics of product's exports in kind from Romania by countries, 2018-2024, unit
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Romania in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Romania by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, K $ US/unit
- 7.1.4.1. Annual dynamics of average price of product's exports from Romania, 2018-2024, K $ US/unit
- 7.1.4.2. Dynamics of average price of product's exports from Romania by countries, 2018-2024, K $ US/unit
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, unit
- 7.2.2.1. Annual dynamics of product's exports from Romania in kind, 2018-2024, unit
- 7.2.2.2. Dynamics of product's exports in kind from Romania by countries, 2018-2024, unit
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Romania in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Romania by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, K $ US/unit
- 7.2.4.1. Annual dynamics of average price of product's exports from Romania, 2018-2024, K $ US/unit
- 7.2.4.2. Dynamics of average price of product's exports from Romania by countries, 2018-2024, K $ US/unit
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, unit
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, unit
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production boring or sinking machinery in Romania
In value, 2017-2020, M $ US
In 2020, Romania's production of boring or sinking machinery was valued at 104.5 million US dollars, marking a 10.2% decrease compared to the previous year. Over the period from 2017 to 2020, production declined by 16.1%, which translates to an average annual decrease of 5.7%. The most significant drop occurred in 2018, with an 11.6% reduction, while the largest increase was recorded in 2019 at 5.8%.
Annual dynamics of production in Romania in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (11.6%) | 5.8% | (10.2%) | (5.7%) |
In kind, 2017-2020, unit
In 2020, Romania produced 4,126 units of boring or sinking machinery, representing a 12.4% decrease year-over-year. From 2017 to 2020, production fell by 3.9%, with a compound annual growth rate of -1.3%. The lowest production level was in 2018 at 3,907 units, while the highest was in 2019 at 4,710 units. The most substantial increase occurred in 2019, with a 20.6% rise.
Annual dynamics of production in Romania in kind, 2017-2020, unit
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (9.0%) | 20.6% | (12.4%) | (1.3%) |
Exports boring or sinking machinery from Romania
Exports in kind, unit
The market displayed an unstable trend during this period. Exports peaked in 2017 and reached their lowest point in 2018, with a 16,562-fold difference between these years. In 2020, Romania exported 601.12 units of boring or sinking machinery, which was 82.2% lower than the previous year. The minimum value was recorded in 2018 at 1.00 unit. The largest decline occurred in 2018 with a 100.0% drop, while the most significant increase was in 2019, surging by 338,471.5%.
Annual dynamics of product's exports from Romania in kind, 2017-2020, unit
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (100.0%) | 338 471.5% | (82.2%) | (66.9%) |
From 2017 to 2020, the leading destinations for Romania's exports of boring or sinking machinery in kind were Ukraine, accounting for 39.7% of exports, Turkey with 36.5%, and Georgia at 7.9%. Together, these three countries represented 84.1% of total export flows.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Romania in kind, 2017-2020
Exports in value, K $ US
The market showed signs of volatility over the observed period. Between 2017 and 2018, exports fluctuated with a peak-to-trough amplitude of 3.1 times. In 2020, Romania exported 14,702 thousand US dollars worth of boring or sinking machinery, experiencing a modest decline of 7.7% compared to the previous year. The minimum value was recorded in 2018 at 7,672 thousand US dollars. The largest decline occurred in 2018 with a 68.1% drop, while the most significant increase was in 2019, rising by 107.7%.
Annual dynamics of product's exports from Romania in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (68.1%) | 107.7% | (7.7%) | (15.1%) |
From 2017 to 2020, the top destinations for Romania's exports of boring or sinking machinery in value terms were Germany, which accounted for 31.9% of exports, Ukraine with 19.5%, and Kuwait at 19.1%. Collectively, these three countries made up 70.5% of total export flows.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Romania in value, 2017-2020
Imports boring or sinking machinery to Romania
Imports in kind, unit
Market performance showed noticeable fluctuations during this period. Imports reached their lowest point in 2018 and peaked in 2020, with a 4.2-fold increase between these years. In 2020, Romania imported 57.00 units of boring or sinking machinery, representing a sharp increase of 121.5% compared to the previous year. The minimum value was recorded in 2018 at 13.56 units. The largest decline occurred in 2018 with an 11.2% drop.
Annual dynamics of product's imports to Romania in kind, 2017-2020, unit
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (11.2%) | 89.7% | 121.5% | 55.1% |
Over the period from 2017 to 2020, Germany was the main source for imports in kind, accounting for 41.0% of total imports, followed by Italy at 26.7%, and Austria with 6.7%. Together, these three countries represented 74.3% of total import flows.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Romania in kind, 2017-2020
Imports in value, K $ US
The market exhibited an unstable trend throughout the timeframe. Imports peaked in 2017 and reached their lowest point in 2019, with a 2.5-fold variation between these years. In 2020, Romania's imports of boring or sinking machinery stood at 18,296 thousand US dollars, marking a sudden rise of 142.0% compared to 2019. The minimum value was recorded in 2019 at 7,561 thousand US dollars. The largest decline occurred in 2018 with a 50.2% decrease.
Annual dynamics of product's imports to Romania in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (50.2%) | (21.1%) | 142.0% | (1.6%) |
Throughout 2017 to 2020, Germany was the key source for imports in value terms, accounting for 25.2% of total imports, followed by the United States with 18.7%, and Italy at 15.4%. Together, these three countries accounted for 59.2% of total import flows.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Romania in value, 2017-2020
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