Czech Republic: Lifting Equipment Market 2024

Lifting Equipment Market Size in the Czech Republic

In 2021, the Czech lifting equipment market decreased by -23.1% to $X, falling for the second consecutive year after three years of growth. Overall, consumption recorded a slight downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Lifting Equipment Production in the Czech Republic

In value terms, lifting equipment production reached $X in 2021 estimated in export price. In general, production saw a slight slump. The most prominent rate of growth was recorded in 2019 with an increase of 18%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Lifting Equipment Exports

Exports from the Czech Republic

In 2021, exports of lifting equipment from the Czech Republic rose significantly to X units, with an increase of 7.1% compared with the previous year. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 54%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, lifting equipment exports shrank to $X in 2021. In general, exports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 when exports increased by 120%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X units), France (X units) and Canada (X units) were the main destinations of lifting equipment exports from the Czech Republic, together comprising 46% of total exports. These countries were followed by Germany, the United States, Portugal, the UK, South Korea, the United Arab Emirates, Austria, New Zealand, Romania and Australia, which together accounted for a further 46%.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +48.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lifting equipment exported from the Czech Republic were Germany ($X), the United States ($X) and France ($X), together comprising 37% of total exports. Canada, Portugal, the United Arab Emirates, Italy, South Korea, Austria, Australia, the UK, New Zealand and Romania lagged somewhat behind, together accounting for a further 51%.

New Zealand, with a CAGR of +64.3%, saw the highest growth rate of the value of exports, among 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

The average lifting equipment export price stood at $X per unit in 2021, reducing by -16.3% against the previous year. Overall, the export price showed a pronounced setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 42%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Romania ($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 the United Arab Emirates (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Lifting Equipment Imports

Imports into the Czech Republic

In 2021, purchases abroad of lifting equipment decreased by -64% to X units, falling for the second consecutive year after four years of growth. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 910% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, lifting equipment imports shrank significantly to $X in 2021. Overall, imports, however, enjoyed temperate growth. The pace of growth appeared the most rapid in 2017 when imports increased by 197% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Sweden (X units), Japan (X units) and Germany (X units) were the main suppliers of lifting equipment imports to the Czech Republic, together accounting for 43% of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +26.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lifting equipment suppliers to the Czech Republic were Germany ($X), Italy ($X) and Japan ($X), together comprising 50% of total imports. Sweden, the UK, Portugal, the United States, China and France lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, Sweden, with a CAGR of +27.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average lifting equipment import price amounted to $X per unit, with an increase of 86% against the previous year. Overall, the import price, however, saw a slight descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 165%. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+73.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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