Germany - Lifting Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExport of Lifting Equipment in Germany Dips by 79% to $5.7M in October 2023
Germany Lifting Equipment Exports
In October 2023, shipments abroad of lifting equipment decreased by -82.8% to 148 units, falling for the second month in a row after two months of growth. Over the period under review, exports faced a abrupt slump. The growth pace was the most rapid in August 2023 with an increase of 336% against the previous month. As a result, the exports attained the peak of 1.2K units. From September 2023 to October 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, lifting equipment exports dropped significantly to $5.7M (IndexBox estimates) in October 2023. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in August 2023 when exports increased by 125% month-to-month. The exports peaked at 27M units in September 2023, and then fell notably in the following month.
| COUNTRY | Export Value of Lifting Equipment in Germany (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| China | 0.4 | < 0.1 | < 0.1 | N/A | 1.0 | < 0.1 | 0.1 | 0.4 | 1.1 | N/A | 0.8 | 8.4 | 3.6 |
| Indonesia | N/A | N/A | 2.0 | N/A | N/A | N/A | N/A | N/A | 2.8 | 1.9 | N/A | < 0.1 | N/A |
| Azerbaijan | 9.8 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Vietnam | 4.3 | 1.6 | N/A | N/A | N/A | 3.3 | N/A | < 0.1 | N/A | N/A | < 0.1 | 5.6 | < 0.1 |
| Others | 4.2 | 6.2 | 9.4 | 3.6 | 4.3 | 4.6 | 5.1 | 9.6 | 2.9 | 8.6 | 23.0 | 13.0 | 2.1 |
| Total | 18.7 | 7.8 | 11.4 | 3.6 | 5.4 | 8.1 | 5.2 | 10.0 | 6.8 | 10.5 | 23.7 | 27.1 | 5.7 |
Exports by Country
China (86 units) was the main destination for lifting equipment exports from Germany, accounting for a 58% share of total exports. It was followed by Vietnam (1 units), with a 0.7% share of total exports.
From October 2022 to October 2023, the average monthly rate of growth in terms of volume to China amounted to +26.8%.
In value terms, China ($3.6M) remains the key foreign market for lifting equipment exports from Germany, comprising 63% of total exports. The second position in the ranking was taken by Vietnam ($22K), with a 0.4% share of total exports.
From October 2022 to October 2023, the average monthly rate of growth in terms of value to China stood at +20.7%.
Export Prices by Country
In October 2023, the lifting equipment price stood at $38,138 per unit (FOB, Germany), with an increase of 21% against the previous month. Overall, export price indicated a noticeable increase from October 2022 to October 2023: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, lifting equipment export price increased by +94.0% against August 2023 indices. The pace of growth appeared the most rapid in September 2023 an increase of 60% m-o-m. Over the period under review, the average export prices hit record highs in October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($82,287 per unit), while the average price for exports to Saudi Arabia ($14,608 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the lifting equipment market in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)
Country coverage:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
