France: Lifting Equipment Market 2024

Lifting Equipment Market Size in France

In 2021, the French lifting equipment market decreased by -6.4% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption recorded a perceptible shrinkage. Lifting equipment consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Lifting Equipment Production in France

In value terms, lifting equipment production contracted modestly to $X in 2021 estimated in export price. Overall, production saw a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when the production volume increased by 16% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Lifting Equipment Exports

Exports from France

In 2021, shipments abroad of lifting equipment increased by 57% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, lifting equipment exports surged to $X in 2021. In general, exports recorded a pronounced increase. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X units), Portugal (X units) and Mayotte (X units) were the main destinations of lifting equipment exports from France, with a combined 30% share of total exports. The Netherlands, Spain, Brazil, Jordan, Democratic Republic of the Congo, Kuwait and Mauritania lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +500.0%), while the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), Spain ($X) and the Netherlands ($X) were the largest markets for lifting equipment exported from France worldwide, together accounting for 40% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +106.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lifting equipment export price amounted to $X per unit, increasing by 31% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average export price increased by 35%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Mauritania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+56.6%), while the prices for the other major destinations experienced more modest paces of growth.

Lifting Equipment Imports

Imports into France

In 2021, supplies from abroad of lifting equipment decreased by -23.8% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports, however, posted strong growth. The pace of growth was the most pronounced in 2015 when imports increased by 172% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, lifting equipment imports soared to $X in 2021. Overall, imports, however, posted strong growth. The growth pace was the most rapid in 2013 when imports increased by 223% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X units), Italy (X units) and Germany (X units) were the main suppliers of lifting equipment imports to France, with a combined 52% share of total imports. These countries were followed by the UK, Vietnam, China, the United Arab Emirates, Poland, Belgium, Spain, Slovenia, Tunisia and Romania, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +62.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Denmark ($X) and Germany ($X) were the largest lifting equipment suppliers to France, with a combined 65% share of total imports. These countries were followed by the UK, Spain, China, Poland, Vietnam, Belgium, the United Arab Emirates, Slovenia, Romania and Tunisia, which together accounted for a further 25%.

Belgium, with a CAGR of +83.8%, saw the highest rates of growth with regard to the value of imports, among 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 2021, the average lifting equipment import price amounted to $X per unit, with an increase of 53% against the previous year. In general, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 an increase of 104%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Tunisia ($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 (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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