Austria: Lifting Equipment Market 2024

Lifting Equipment Market Size in Austria

For the third consecutive year, the Austrian lifting equipment market recorded decline in sales value, which decreased by -92.2% to $X in 2021. In general, consumption recorded a dramatic decrease. Lifting equipment consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Lifting Equipment Production in Austria

In value terms, lifting equipment production dropped dramatically to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2014 when the production volume increased by 27% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Lifting Equipment Exports

Exports from Austria

In 2021, overseas shipments of lifting equipment decreased by -18% to X units, falling for the third year in a row after four years of growth. Overall, exports, however, saw a notable expansion. The pace of growth was the most pronounced in 2015 when exports increased by 91%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, lifting equipment exports fell sharply to $X in 2021. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 28%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units), Italy (X units) and China (X units) were the main destinations of lifting equipment exports from Austria, together accounting for 47% of total exports. Canada, Switzerland, Spain, Germany and Chile lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +76.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lifting equipment exported from Austria were Switzerland ($X), Germany ($X) and Italy ($X), together comprising 55% of total exports. These countries were followed by Chile, France, Spain, China and Canada, which together accounted for a further 32%.

France, with a CAGR of +34.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lifting equipment export price amounted to $X per unit, declining by -14.7% against the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 39% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+9.8%), while the prices for the other major destinations experienced a decline.

Lifting Equipment Imports

Imports into Austria

In 2021, approx. X units of lifting equipment were imported into Austria; growing by 214% against the year before. Overall, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lifting equipment imports skyrocketed to $X in 2021. In general, imports showed a resilient increase. The growth pace was the most rapid in 2019 when imports increased by 218%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of lifting equipment to Austria, with a 43% share of total imports. Moreover, lifting equipment imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Slovenia (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.4% per year) and Slovenia (+18.9% per year).

In value terms, Germany ($X) constituted the largest supplier of lifting equipment to Austria, comprising 86% of total imports. The second position in the ranking was held by Italy ($X), with a 4.2% share of total imports. It was followed by Slovenia, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.4% per year) and Slovenia (+16.5% per year).

Import Prices by Country

The average lifting equipment import price stood at $X per unit in 2021, reducing by -10.7% against the previous year. In general, the import price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 222% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Estonia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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