United Kingdom: Lift And Hoist Market 2024

Lift And Hoist Market Size in the UK

The UK lift and hoist market skyrocketed to $X in 2022, rising by 16% against the previous year. Overall, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +54.3% against 2018 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Lift And Hoist Production in the UK

In value terms, lift and hoist production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable setback. The pace of growth appeared the most rapid in 2013 when the production volume increased by 10% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Lift And Hoist Exports

Exports from the UK

In 2022, after two years of growth, there was significant decline in overseas shipments of lifts and hoists, when their volume decreased by -27.1% to X units. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 86% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lift and hoist exports fell to $X in 2022. Overall, exports showed a mild descent. The pace of growth was the most pronounced in 2013 with an increase of 34% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units), Ireland (X units) and the United States (X units) were the main destinations of lift and hoist exports from the UK, together comprising 49% of total exports. Australia, Sweden, Spain, Italy, France, Poland, Germany and Canada lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +22.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lift and hoist exported from the UK were the Netherlands ($X), Ireland ($X) and the United States ($X), together accounting for 49% of total exports. Australia, Sweden, Spain, Italy, France, Germany, Poland and Canada lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, Poland, with a CAGR of +19.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average lift and hoist export price amounted to $X per unit, surging by 24% against the previous year. Overall, the export price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 65%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and Germany ($X per unit), while the average price for exports to Italy ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-1.7%), while the prices for the other major destinations experienced a decline.

Lift And Hoist Imports

Imports into the UK

For the third year in a row, the UK recorded growth in purchases abroad of lifts and hoists, which increased by 9.5% to X units in 2022. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, lift and hoist imports expanded sharply to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X units), China (X units) and Spain (X units) were the main suppliers of lift and hoist imports to the UK, with a combined 64% share of total imports. Italy, Sweden, the Netherlands, Greece, the United States, Denmark and Finland lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +27.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lift and hoist suppliers to the UK were Germany ($X), China ($X) and Spain ($X), together accounting for 64% of total imports. Italy, Sweden, the Netherlands, Greece, the United States, Denmark and Finland lagged somewhat behind, together accounting for a further 31%.

Greece, with a CAGR of +25.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lift and hoist import price stood at $X per unit in 2022, falling by -3% against the previous year. In general, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2021 an increase of 12%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($X per unit) and Finland ($X per unit), while the price for Italy ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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