Austria: Lift And Hoist Market 2024

Lift And Hoist Market Size in Austria

The Austrian lift and hoist market contracted modestly to $X in 2022, approximately mirroring the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.1% 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 +5.6% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Lift And Hoist Production in Austria

In value terms, lift and hoist production dropped to $X in 2022 estimated in export price. In general, production recorded a slight decline. The growth pace was the most rapid in 2013 with an increase of 25% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Lift And Hoist Exports

Exports from Austria

In 2022, shipments abroad of lifts and hoists decreased by -19.2% to X units, falling for the second year in a row after five years of growth. Overall, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 when exports increased by 74%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, lift and hoist exports expanded modestly to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 when exports increased by 22% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for lift and hoist exports from Austria, with a 40% share of total exports. Moreover, lift and hoist exports to Germany exceeded the volume sent to the second major destination, Switzerland (X units), fourfold. The third position in this ranking was taken by France (X units), with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+3.4% per year) and France (+19.7% per year).

In value terms, Germany ($X) remains the key foreign market for lifts and hoists exports from Austria, comprising 40% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 9.2% share of total exports. It was followed by France, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+1.4% per year) and France (+17.1% per year).

Export Prices by Country

In 2022, the average lift and hoist export price amounted to $X per unit, increasing by 28% against the previous year. In general, the export price, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 an increase of 36%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-1.2%), while the prices for the other major destinations experienced a decline.

Lift And Hoist Imports

Imports into Austria

In 2022, imports of lifts and hoists into Austria dropped to X units, shrinking by -12.8% compared with 2021 figures. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by +0.8% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 21% against the previous year. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, lift and hoist imports contracted to $X in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 16%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Slovakia (X units), the Czech Republic (X units) and Spain (X units) were the main suppliers of lift and hoist imports to Austria, together comprising 81% of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +64.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lift and hoist suppliers to Austria were Slovakia ($X), the Czech Republic ($X) and Spain ($X), together accounting for 81% of total imports.

Slovakia, with a CAGR of +58.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average lift and hoist import price amounted to $X per unit, remaining stable against the previous year. In general, the import price continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2014 an increase of 9.1%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a 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 Italy ($X per unit) and Sweden ($X per unit), while the price for Finland ($X per unit) and Slovakia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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