From January to September 2021, the bilateral import and export volume of goods between China and Romania was US$7,657.33 million, an increase of US$2,162.2677 million compared with the same period in 2020, a year-on-year increase of 39.9%.
From January to September 2021, the total value of China's exports to Romania was US$4,944.6678 million, an increase of US$1,237.8488 million compared with the same period in 2020, a year-on-year increase of 34.1%; the total value of China's imports from Romania was US$2,712.6649 million, compared with 2020. During the same period, it increased by 924.4189 million US dollars, a year-on-year increase of 51.8%.
From the data point of view, Romania's trade volume with China has grown strongly, and in 2018, Romania's agriculture, industry and services accounted for 4.4%, 23.7% and 71.9% of GDP respectively. The service sector dominates, and agriculture accounts for a lower proportion. Dongqi Crane has a high degree of attention to the Romanian crane market. We believe that Romania has a lot of demand for cranes because of the high industrial share in Romania. At present, due to various reasons, Dongqi Crane does not have many crane cooperation projects in Romania. In the past 2021, a total of 2 crane cooperation project orders have been reached. We believe that with the further growth of economic and trade relations between China and Romania, Dongqi Crane will gain the trust and support of Romanian customers with its excellent crane products and services. This article will analyze the development trend and changes of the Romanian overhead crane market in 2022 from the import and export data of Romanian overhead cranes
Before we start discussing the aerial crane market in Romania, we have a few small questions that need to be answered first. Let’s take a look
The Romanian Overhead Crane Market dropped significantly to USD X in 2020, down -X% compared to the previous year. Overall, however, consumption recorded strong growth. In 2008, the growth rate was the fastest, with an increase of X% year-on-year. As a result, consumption reaches a peak level of X dollars. From 2009 to 2020, the market growth rate remained at a low level.
By value, the production of overhead cranes in 2020 is estimated to fall to X dollars at export prices. Overall, however, production showed strong growth. The most significant growth rate occurred in 2018, when production increased by X% year-on-year. As a result, production peaked at X dollars. Production growth failed to regain momentum in 2019-20.
After two years of decline, overseas shipments of fixed-support overhead cranes increased by X% to X units in 2020. During the period under review, however, there was a sharp decline in exports. Exports peaked at X units in 2007; however, from 2008 to 2020, exports have remained low.
Overhead crane exports surged to $X in 2020 by value. But overall, exports have fallen sharply. The fastest growth rate in 2017, with a year-on-year increase of X%. During the period under review, exports hit an all-time high of $X in 2018; however, from 2019 to 2020, exports remained low.
Russia (unit X), Italy (unit X) and Hungary (unit X) were the main destinations for Romanian bridge crane exports, together accounting for X% of the total export value. France, Moldova, Poland and Bulgaria are lagging to a certain extent and together constitute a further X growth from 2007 to 2020. Among the major destination countries, Moldova achieved the most significant growth in shipments, while the other leaders Exports experienced a more moderate growth rate.
In value terms, Russia ($X), Moldova ($X) and Hungary ($X) are the largest markets for Romanian overhead crane exports globally, together accounting for X% of total exports. Among the major destination countries, Moldova experienced the highest growth in export value during the period under review, while other leaders experienced more moderate growth in shipments.
In 2020, Romania's imports of overhead cranes contracted significantly to X units, a -X% decrease from 2019 figures. Overall, imports have decreased significantly. The fastest growth rate in 2015, an increase of X% year-on-year. During the period under review, imports reached an all-time high of X units in 2008; however, from 2009 to 2020, imports were slightly lower.
In 2020, imports of overhead cranes fell sharply to $X in value terms. Imports continued to decrease significantly during the period under review. The growth rate was most pronounced in 2017, when imports rose by X% year-on-year. Imports peaked at $X in 2008; however, from 2009 to 2020, import volumes have remained low.
Finland (X units), Hungary (X units) and Italy (X units) are the main suppliers of Romanian overhead crane imports, accounting for X% of total imports.
From 2007 to 2020, among the major suppliers, Finland recorded the most significant growth in purchases, while other leaders saw more modest growth in imports.
Romania's largest suppliers of overhead cranes by value are Finland ($X), Hungary ($X) and Italy ($X), which together account for X% of total imports.
Finland (+X% per annum) recorded the highest growth in import value among the major suppliers during the period under review, while other leaders saw a more modest growth in purchases.
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