Germany: Lifting Equipment Market 2024

Lifting Equipment Market Size in Germany

The German lifting equipment market reduced to $X in 2021, shrinking by -5.8% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Lifting Equipment Production in Germany

In value terms, lifting equipment production contracted modestly to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable reduction. The pace of growth was the most pronounced in 2018 when the production volume increased by 37%. Lifting equipment production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Lifting Equipment Exports

Exports from Germany

In 2021, lifting equipment exports from Germany amounted to X units, surging by 3.8% against the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 182% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, lifting equipment exports contracted rapidly to $X in 2021. In general, exports, however, saw a mild downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 117%. The exports peaked at $X in 2020, and then reduced markedly in the following year.

Exports by Country

China (X units) was the main destination for lifting equipment exports from Germany, accounting for a 47% share of total exports. Moreover, lifting equipment exports to China exceeded the volume sent to the second major destination, Spain (X units), sixfold. The third position in this ranking was held by the Netherlands (X units), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+39.8% per year) and the Netherlands (-12.1% per year).

In value terms, China ($X) remains the key foreign market for lifting equipment exports from Germany, comprising 46% of total exports. The second position in the ranking was held by Spain ($X), with a 6.7% share of total exports. It was followed by Vietnam, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+37.8% per year) and Vietnam (+24.1% per year).

Export Prices by Country

The average lifting equipment export price stood at $X per unit in 2021, with a decrease of -18.7% against the previous year. In general, the export price saw a slight decline. The pace of growth appeared the most rapid in 2016 an increase of 39%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Argentina ($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 Argentina (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Lifting Equipment Imports

Imports into Germany

In 2021, purchases abroad of lifting equipment decreased by -25% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 327%. As a result, imports reached the peak of X units, and then fell notably in the following year.

In value terms, lifting equipment imports fell dramatically to $X in 2021. In general, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2020 with an increase of 93%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X units), Austria (X units) and China (X units) were the main suppliers of lifting equipment imports to Germany, together accounting for 66% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +78.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lifting equipment suppliers to Germany were Italy ($X), Austria ($X) and Sweden ($X), with a combined 62% share of total imports.

Among the main suppliers, Sweden, with a CAGR of +38.2%, saw 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

In 2021, the average lifting equipment import price amounted to $X per unit, shrinking by -20.9% against the previous year. In general, the import price faced a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 46%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+23.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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