EU: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in the EU

In 2022, the EU non-electric pulley tackle market increased by 7.4% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Non-Electric Pulley Tackle Production in the EU

In value terms, non-electric pulley tackle production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 38%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Non-Electric Pulley Tackle Exports

Exports in the EU

In 2022, overseas shipments of pulley tackle and hoists, non-powered by electric motor increased by 0.3% to X units, rising for the third consecutive year after four years of decline. Overall, exports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 43% against the previous year. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, non-electric pulley tackle exports expanded remarkably to $X in 2022. Over the period under review, exports, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the Netherlands (X units) and Germany (X units) represented the major exporters of pulley tackle and hoists, non-powered by electric motor in the European Union, together resulting at approx. 44% of total exports. Hungary (X units) held the next position in the ranking, followed by Slovakia (X units), Sweden (X units), Poland (X units) and Italy (X units). All these countries together took near 39% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +71.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest non-electric pulley tackle supplier in the European Union, comprising 33% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total exports. It was followed by Slovakia, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at -2.2%. In the other countries, the average annual rates were as follows: the Netherlands (+6.4% per year) and Slovakia (+89.2% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, increasing by 6.7% against the previous year. Overall, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by 245%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+10.2%), while the other leaders experienced mixed trends in the export price figures.

Non-Electric Pulley Tackle Imports

Imports in the EU

For the fifth consecutive year, the European Union recorded growth in purchases abroad of pulley tackle and hoists, non-powered by electric motor, which increased by 3% to X units in 2022. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.9% 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 +32.4% against 2014 indices. The growth pace was the most rapid in 2014 when imports increased by 28% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, non-electric pulley tackle imports stood at $X in 2022. The total import value increased at an average annual rate of +2.1% 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 2021 when imports increased by 31%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), Sweden (X units) and the Netherlands (X units) represented roughly 54% of total imports in 2022. It was distantly followed by Spain (X units) and France (X units), together achieving a 17% share of total imports. Italy (X units), Poland (X units), Finland (X units), Denmark (X units), Belgium (X units), the Czech Republic (X units) and Austria (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +9.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric pulley tackle importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), together accounting for 49% of total imports. Italy, Denmark, Spain, Sweden, Finland, Poland, the Czech Republic, Belgium and Austria lagged somewhat behind, together comprising a further 38%.

Poland, with a CAGR of +7.5%, recorded 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, falling by -2.2% against the previous year. Overall, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2018 an increase of 16%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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