EU: Lift And Hoist Market 2024

Lift And Hoist Market Size in the EU

The EU lift and hoist market surged to $X in 2022, increasing by 156% against the previous year. Overall, consumption recorded strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lift And Hoist Production in the EU

In value terms, lift and hoist production shrank modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2016 when the production volume increased by 6.7%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Lift And Hoist Exports

Exports in the EU

In 2022, shipments abroad of lifts and hoists decreased by -0.7% to X units, falling for the second consecutive year after five years of growth. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 25%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, lift and hoist exports totaled $X in 2022. The total export value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 13% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Spain (X units), Italy (X units), Germany (X units), the Netherlands (X units) and Slovakia (X units) represented roughly 77% of total exports in 2022. Sweden (X units) held a 6.3% share (based on physical terms) of total exports, which put it in second place, followed by France (4.7%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Slovakia (with a CAGR of +73.2%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 49% of total exports. The Netherlands, Slovakia, Sweden and France lagged somewhat behind, together comprising a further 38%.

Slovakia, with a CAGR of +69.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, remaining constant against the previous year. Overall, the export price, however, saw a perceptible curtailment. The growth pace was the most rapid in 2015 an increase of 13% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Spain ($X per unit) and Slovakia ($X per unit), while the Netherlands ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (-2.0%), while the other leaders experienced a decline in the export price figures.

Lift And Hoist Imports

Imports in the EU

In 2022, purchases abroad of lifts and hoists decreased by -1.1% to X units for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2018 when imports increased by 24%. Over the period under review, imports reached the peak figure at X units in 2021, and then shrank slightly in the following year.

In value terms, lift and hoist imports expanded notably to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value 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 +56.6% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 16%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

The purchases of the twelve major importers of lifts and hoists, namely the Netherlands, Germany, France, Poland, Sweden, Italy, Austria, Spain, Belgium, Portugal, Romania and the Czech Republic, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +13.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lift and hoist importing markets in the European Union were the Netherlands ($X), Germany ($X) and France ($X), together comprising 42% of total imports. Poland, Sweden, Italy, Austria, Spain, Belgium, Portugal, Romania and the Czech Republic lagged somewhat behind, together comprising a further 42%.

Sweden, with a CAGR of +11.0%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, rising by 6.4% against the previous year. Over the period under review, the import price, however, saw a perceptible decline. The growth pace was the most rapid in 2014 when the import price increased by 8.7%. As a result, import price reached 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, major importing countries recorded the following prices: in Poland ($X per unit) and Romania ($X per unit), while Spain ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (-1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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