Benelux: Lift And Hoist Market 2024

Lift And Hoist Market Size in Benelux

The Benelux lift and hoist market surged to $X in 2022, growing by 315% against the previous year. Overall, consumption saw a significant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Lift And Hoist Production in Benelux

In value terms, lift and hoist production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 15%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Lift And Hoist Exports

Exports in Benelux

In 2022, overseas shipments of lifts and hoists decreased by -21.9% to X units, falling for the second consecutive year after five years of growth. Over the period under review, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 60%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, lift and hoist exports dropped slightly to $X in 2022. Total exports indicated a prominent increase 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, exports increased by +7.8% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 29% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

The Netherlands prevails in exports structure, accounting for X units, which was near 92% of total exports in 2022. It was distantly followed by Belgium (X units), achieving a 7.9% share of total exports.

The Netherlands was also the fastest-growing in terms of the lifts and hoists exports, with a CAGR of +9.6% from 2012 to 2022. Belgium (-1.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +12 percentage points.

In value terms, the Netherlands ($X) remains the largest lift and hoist supplier in Benelux, comprising 92% of total exports. The second position in the ranking was taken by Belgium ($X), with a 7.8% share of total exports.

In the Netherlands, lift and hoist exports expanded at an average annual rate of +7.4% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, jumping by 24% against the previous year. Overall, the export price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Belgium amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.0%).

Lift And Hoist Imports

Imports in Benelux

In 2022, the amount of lifts and hoists imported in Benelux stood at X units, remaining relatively unchanged against the previous year. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +104.2% against 2014 indices. The pace of growth was the most pronounced in 2018 with an increase of 36%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, lift and hoist imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 27%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

The Netherlands was the key importer of lifts and hoists in Benelux, with the volume of imports accounting for X units, which was approx. 76% of total imports in 2022. It was distantly followed by Belgium (X units), committing a 20% share of total imports. Luxembourg (X units) took a relatively small share of total imports.

The Netherlands was also the fastest-growing in terms of the lifts and hoists imports, with a CAGR of +6.6% from 2012 to 2022. Luxembourg and Belgium experienced a relatively flat trend pattern. The Netherlands (+14 p.p.) significantly strengthened its position in terms of the total imports, while Luxembourg and Belgium saw its share reduced by -1.6% and -12.8% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported lifts and hoists in Benelux, comprising 76% of total imports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total imports.

In the Netherlands, lift and hoist imports increased at an average annual rate of +4.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (-2.7% per year) and Luxembourg (-1.3% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, picking up by 6.1% against the previous year. Overall, the import price, however, showed a slight setback. The most prominent rate of growth was recorded in 2014 when the import price increased by 9% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform