Lifts and skip hoists market in Romania

Earlier Report Observations

The Romanian market for lifts and skip hoists was influenced in 2018 by the implementation of Government Decision HG 410/2016, which established safety conditions for placing lifts on the market and putting them into operation. This regulatory framework affected market rules during the period. Subsequently, import volumes gradually increased from 1 747 units in 2018 to 1 849 units in 2020, while exports fluctuated between 103 and 233 units.

From 2021 to 2024, the physical market volume expanded from 2 040 units to 2 492 units, peaking at 2 490 units in 2022 before a slight dip in 2023. Domestic production fell from 617 units in 2022 to 393 units in 2024, while imports rose to 2 486 units in 2024. By 2024, over 90% of lifts in Romania had exceeded their service life, driving legislative proposals for modernization and the installation of lifts in buildings without them. Concurrently, rising prices for construction materials like steel and cement, coupled with a contraction in residential building activity, tempered demand for new lift installations.

Production lifts and skip hoists in Romania

According to Faostat, there is no production of lifts and skip hoists in Romania.

Exports lifts and skip hoists from Romania

Exports in kind, unit

The market showed an unstable trend throughout the period. Exports reached their lowest point in 2019 at 103 units, with the largest decline that year at 33.5%. In 2020, exports of lifts and skip hoists from Romania peaked at 233 units, representing a 126.2% increase compared to 2019. The gap between these years was 2.3-fold.

Annual dynamics of product's exports from Romania in kind, 2017-2020, unit

From 2017 to 2020, exports of lifts and skip hoists from Romania were not concentrated on just a few key markets. The top destinations—Belgium with 19.6% of exports, Bulgaria with 15.9%, and Switzerland with 11.1%—together accounted for only 46.5% of total 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

Market performance exhibited noticeable fluctuations during this period. The lowest value was recorded in 2019 at 1 802 thousand US dollars, with the largest decline that year at 33.2%. In 2020, Romania's exports of lifts and skip hoists reached a peak of 3 704 thousand US dollars, a 105.5% increase from 2019. The difference between the peak and trough was 2.1-fold.

Annual dynamics of product's exports from Romania in value, 2017-2020, K $ US

Between 2017 and 2020, lifts and skip hoists from Romania were traded with many countries. Even the largest destinations—Belgium, Bulgaria, and Switzerland—together represented only 46.7% of total exports in value terms.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Romania in value, 2017-2020

Imports lifts and skip hoists to Romania

Imports in kind, unit

Cross-border shipments of lifts and skip hoists to Romania increased for the third consecutive year. In 2020, imports totaled 1 849 units, marking a 3.9% rise compared to the previous year. From 2017 to 2020, imports grew by 64.4%, equivalent to an annualized rate of 18.0%.

Annual dynamics of product's imports to Romania in kind, 2017-2020, unit

From 2017 to 2020, Slovakia, Italy, and Spain consistently remained the main sources for imports in kind. Slovakia accounted for 33.9% of imports, Italy for 24.7%, and Spain for 15.0%, together making up 73.7% of total 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

In 2020, deliveries of lifts and skip hoists to Romania stood at 34 243 thousand US dollars, showing a modest increase of 4.5% compared to the previous year. The maximum value was recorded in 2018 at 34 400 thousand US dollars, with the largest increase that year at 44.9%. The largest decline occurred in 2019 at 4.8%. Overall, from 2017 to 2020, imports rose by 44.3%, equating to an annualized rate of 13.0%.

Annual dynamics of product's imports to Romania in value, 2017-2020, K $ US

Over the period from 2017 to 2020, Slovakia, Italy, and Spain were the primary sources for imports of lifts and skip hoists to Romania in value terms. Slovakia represented 34.0% of imports, Italy 24.8%, and Spain 14.9%, together accounting for 73.7% of total imports.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Romania in value, 2017-2020