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Columbus McKinnon's Q4 performance missed expectations, facing industrial machinery sector challenges with a focus on emerging trends and efficiencies.
During the period analyzed, the imports of Loading Machinery peaked at 7.4M units in 2017. However, from 2018 to 2023, imports remained slightly lower. In terms of value, Loading Machinery imports reached $3.7B in 2023.
The global market for lifting, handling, loading or unloading machinery is on the rise, with a projected increase in market volume to 23M units and market value to $80.9B by 2030. Anticipated growth rates suggest a positive trend in consumption over the next seven years.
From 2018 to 2023, Loading Machinery exports experienced slower growth, with a decline in value terms to $596M in 2023.
During the period under review, Loading Machinery imports peaked at 7.4 million units in 2017. However, between 2018 and 2023, imports remained lower. In terms of value, Loading Machinery imports increased substantially to $3.8 billion in 2023.
Loading Machinery exports reached a peak of 14K units in March 2023, but from April to October 2023, they stayed consistently lower. The export value dropped notably to $50M in October 2023.
Explore the top import markets for loading machinery, including the United States, Germany, China, and more. Learn about their import values and key statistics.
In June 2023, the price of Loading Machinery per unit (FOB, Italy) was $4,940, reflecting a month-on-month decline of -4.1%.
The price of Loading Machinery stood at $6,167 per unit (FOB, Germany) in April 2023, marking a 7.8% increase compared to the previous month.
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