EU: Winche And Capstan Market 2024

Winche And Capstan Market Size in the EU

The EU winche and capstan market shrank to $X in 2021, dropping by -10.8% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +69.3% against 2012 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Winche And Capstan Production in the EU

In value terms, winche and capstan production contracted to $X in 2021 estimated in export price. In general, production showed a mild slump. The pace of growth was the most pronounced in 2014 when the production volume increased by 13% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Winche And Capstan Exports

Exports in the EU

In 2021, overseas shipments of winches and capstans increased by 48% to X units, rising for the fourth consecutive year after three years of decline. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 56%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, winche and capstan exports rose rapidly to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 21%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the four major exporters of winches and capstans, namely Hungary, the Netherlands, Germany and Italy, represented more than two-thirds of total export. Austria (X units) ranks next in terms of the total exports with a 5.6% share, followed by Poland (5.1%). Spain (X units), Finland (X units), France (X units), Sweden (X units) and Slovakia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +49.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest winche and capstan supplying countries in the European Union were Italy ($X), Germany ($X) and Finland ($X), together accounting for 53% of total exports. These countries were followed by the Netherlands, France, Sweden, Poland, Spain, Austria, Hungary and Slovakia, which together accounted for a further 31%.

Hungary, with a CAGR of +22.6%, recorded the highest growth rate of 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

The export price in the European Union stood at $X per unit in 2021, falling by -25.8% against the previous year. Overall, the export price saw a abrupt downturn. The growth pace was the most rapid in 2013 when the export price increased by 21% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.3%), while the other leaders experienced a decline in the export price figures.

Winche And Capstan Imports

Imports in the EU

After two years of decline, purchases abroad of winches and capstans increased by 26% to X units in 2021. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 42%. As a result, imports reached the peak of X units; afterwards, it flattened through to 2021.

In value terms, winche and capstan imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) and the Netherlands (X units) were the major importers of winches and capstans in the European Union, together finishing at near 37% of total imports. Poland (X units) took a 9.8% share (based on physical terms) of total imports, which put it in second place, followed by Austria (9.3%), Hungary (9.2%), France (6.5%) and Italy (4.8%). The following importers - Spain (X units), Belgium (X units), Finland (X units), Denmark (X units), Sweden (X units) and Slovakia (X units) - together made up 15% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of +32.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2021, together accounting for 42% of total imports. Austria, Poland, Italy, Spain, Denmark, Finland, Sweden, Belgium, Slovakia and Hungary lagged somewhat behind, together accounting for a further 47%.

In terms of the main importing countries, Slovakia, with a CAGR of +25.6%, recorded 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 import price in the European Union amounted to $X per unit, increasing by 3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 13%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was France ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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