Czech Republic: Lift And Hoist Market 2024

Lift And Hoist Market Size in the Czech Republic

In 2022, the Czech lift and hoist market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption enjoyed a moderate increase. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Lift And Hoist Production in the Czech Republic

In value terms, lift and hoist production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 117%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Lift And Hoist Exports

Exports from the Czech Republic

In 2022, lift and hoist exports from the Czech Republic stood at X units, growing by 13% on the year before. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 357%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, lift and hoist exports rose notably to $X in 2022. In general, exports saw a strong expansion. The growth pace was the most rapid in 2014 with an increase of 325% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Slovakia (X units) was the main destination for lift and hoist exports from the Czech Republic, with a 56% share of total exports. Moreover, lift and hoist exports to Slovakia exceeded the volume sent to the second major destination, Canada (X units), fivefold. The third position in this ranking was taken by the United States (X units), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to Slovakia stood at +60.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+22.8% per year) and the United States (+11.1% per year).

In value terms, Slovakia ($X) remains the key foreign market for lifts and hoists exports from the Czech Republic, comprising 56% of total exports. The second position in the ranking was taken by Canada ($X), with an 11% share of total exports. It was followed by the United States, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value to Slovakia amounted to +57.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+20.4% per year) and the United States (+9.0% per year).

Export Prices by Country

The average lift and hoist export price stood at $X per unit in 2022, approximately equating the previous year. Overall, the export price, however, saw a perceptible downturn. The growth pace was the most rapid in 2016 when the average export price increased by 13% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per unit) and Canada ($X per unit), while the average price for exports to the Netherlands ($X per unit) and Slovakia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.3%), while the prices for the other major destinations experienced a decline.

Lift And Hoist Imports

Imports into the Czech Republic

Lift and hoist imports into the Czech Republic expanded rapidly to X units in 2022, surging by 6.6% on 2021 figures. Over the period under review, imports recorded mild growth. The most prominent rate of growth was recorded in 2016 with an increase of 35%. Imports peaked at X units in 2019; afterwards, it flattened through to 2022.

In value terms, lift and hoist imports amounted to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 19%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units), Spain (X units) and Slovakia (X units) were the main suppliers of lift and hoist imports to the Czech Republic, together accounting for 71% of total imports. Germany, the Netherlands, Sweden, Finland and France lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +50.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Slovakia ($X) and Spain ($X) appeared to be the largest lift and hoist suppliers to the Czech Republic, together accounting for 71% of total imports. Germany, the Netherlands, Sweden, Finland and France lagged somewhat behind, together comprising a further 21%.

Finland, with a CAGR of +75.2%, saw the highest rates of growth with regard to 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, rising by 5.8% against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 9% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Sweden ($X per unit) and the Netherlands ($X per unit), while the price for France ($X per unit) and Finland ($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 (+16.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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