Overhead travelling cranes market in Romania

Earlier Report Observations

The overhead travelling crane market in Romania experienced significant volatility between 2018 and 2024. After reaching a market size of 29.3 million USD in 2018, it contracted to 25.0 million USD by 2021. This decline coincided with mounting economic pressure on domestic companies, including reduced order volumes from the European Union, which led many firms to cut production and investment in industrial equipment like cranes. An increase in the number of companies suspending operations further constrained market activity.

A sharp recovery to 33.4 million USD occurred in 2022, as the market adjusted to the challenging conditions. However, domestic production remained below its 2018 peak. Bureaucratic hurdles and difficulties in obtaining construction permits continued to depress activity on building sites, directly limiting demand for crane services and equipment throughout the period.

Import volumes surged to 14.4 million USD in 2023, potentially offsetting domestic supply constraints, before moderating slightly in 2024. The broader industrial environment was marked by a record number of company dissolutions in 2024 and ongoing supply chain disruptions, which shaped both production capacity and overall demand for fixed-support overhead cranes without the entry of major new players or significant plant openings.

Production overhead travelling cranes in Romania

In value, 2017-2020, K $ US

In 2020, Romania's output of overhead travelling cranes was valued at 22 676 thousand US dollars, marking a significant 35.8% increase compared to the previous year. Looking at the broader period from 2017 to 2020, production grew by 12.5%, which translates to an average annual growth rate of 4.0%.

Annual dynamics of production in Romania in value, 2017-2020, K $ US

In kind, 2017-2020, unit

In 2020, Romania produced 360.0 units of overhead travelling cranes, showing a solid gain of 11.8% compared to 2019. However, over the period from 2017 to 2020, production decreased by 10%, equating to an average annual decline of 3.5%.

Annual dynamics of production in Romania in kind, 2017-2020, unit

Exports overhead travelling cranes from Romania

Exports in kind, unit

The market exhibited volatility during the observed period. Exports peaked in 2017 and fell to their lowest point in 2019, with a dramatic 37-fold difference between these years. In 2020, Romania's exports of overhead travelling cranes stood at 62.4 units, representing a substantial increase of 211.8% compared to 2019. The minimum value was recorded in 2019 at 20.0 units, and the largest decline occurred in 2019 with a drop of 91.6%.

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

From 2017 to 2020, Romania's exports of overhead travelling cranes in kind were heavily concentrated on Russia, which accounted for 83.7% of total flows. Other countries together formed the residual share.

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

There were noticeable fluctuations in market performance during this period. Exports reached their peak in 2018 and hit their trough in 2020, with an 18-fold gap between these years. In 2020, overhead travelling crane shipments from Romania abroad reached 424 thousand US dollars, corresponding to a decrease of 37.7% year-over-year. The maximum value was recorded in 2018 at 7 635 thousand US dollars. The largest decline occurred in 2019 with a drop of 91.1%, while the largest increase was recorded in 2018 with a rise of 43.2%.

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

Throughout 2017 to 2020, Russia remained the main destination for Romania's exports in value terms, taking 85.5% of total flows. The remaining share was distributed across various smaller markets.

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

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

Imports overhead travelling cranes to Romania

Imports in kind, unit

After a two-year decrease, cross-border shipments of overhead travelling cranes to Romania increased. In 2020, imports totalled 1 853.5 units, reflecting a solid increase of 17.6% year-over-year. However, over the period from 2017 to 2020, imports decreased by 60.3%, with a compound annual growth rate of -26.5%. The minimum value was recorded in 2019 at 1 576.0 units, and the largest decline occurred in 2018 with a drop of 48.6%.

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

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

Imports in value, K $ US

Romania's imports of overhead travelling cranes declined for the third consecutive year. In 2020, imports amounted to 6 230 thousand US dollars, which is 10.6% less compared to the previous year. Between 2017 and 2020, imports decreased by 43.5%, equating to an average annual decline of 17.3%.

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

Throughout 2017 to 2020, the core of Romania's imports in value terms was formed by Spain (25.3% of imports), Finland (21.9% of imports), and Italy (17.5% of imports). Together, these three countries accounted for 64.7% of total flows.

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

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