EU: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in the EU

The EU market for pulley tackle and hoists powered by an electric motor soared to $X in 2022, rising by 85% against the previous year. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in the EU

In value terms, production of pulley tackle and hoists powered by an electric motor totaled $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 11% against the previous year. Over the period under review, production of reached the maximum level in 2022 and is likely to see steady growth in years to come.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports in the EU

In 2022, exports of pulley tackle and hoists powered by an electric motor in the European Union reduced slightly to X units, falling by -3.7% on the previous year. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, the exports reached the peak of X units, and then reduced modestly in the following year.

In value terms, exports of pulley tackle and hoists powered by an electric motor fell to $X in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

In 2022, Germany (X units), distantly followed by Belgium (X units), Denmark (X units), Italy (X units), the Netherlands (X units), Poland (X units) and Spain (X units) represented the largest exporters of pulley tackle and hoists powered by an electric motor, together generating 86% of total exports. Bulgaria (X units) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Denmark (with a CAGR of +33.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest pulley tackle and hoists powered by an electric motor supplier in the European Union, comprising 38% of total exports. The second position in the ranking was held by Spain ($X), with a 7.8% share of total exports. It was followed by Bulgaria, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany stood at -1.7%. In the other countries, the average annual rates were as follows: Spain (+7.3% per year) and Bulgaria (+0.3% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, with an increase of 3.3% against the previous year. Overall, the export price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2013 an increase of 5.4%. As a result, the export price reached the peak level of $X per unit. From 2014 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 Bulgaria ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.5%), while the other leaders experienced more modest paces of growth.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports in the EU

In 2022, purchases abroad of pulley tackle and hoists powered by an electric motor increased by 11% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 27% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, imports of pulley tackle and hoists powered by an electric motor shrank modestly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 29%. Over the period under review, imports of reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

The purchases of the seven major importers of pulley tackle and hoists powered by an electric motor, namely Italy, France, Belgium, the Netherlands, Spain, Germany and Sweden, represented more than two-thirds of total import. It was distantly followed by Austria (X units), committing a 4.9% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sweden (with a CAGR of +18.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pulley tackle and hoists powered by an electric motor importing markets in the European Union were France ($X), Germany ($X) and Italy ($X), with a combined 34% share of total imports. Sweden, Spain, the Netherlands, Belgium and Austria lagged somewhat behind, together comprising a further 27%.

Among the main importing countries, Sweden, with a CAGR of +19.1%, recorded the highest growth rate of 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

The import price in the European Union stood at $X per unit in 2022, with a decrease of -12% against the previous year. Overall, the import price recorded a noticeable contraction. The growth pace was the most rapid in 2021 when the import price increased by 7.5%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Germany ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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