Germany: 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 Germany

In 2022, the German market for pulley tackle and hoists powered by an electric motor increased by 5.9% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a perceptible downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of pulley tackle and hoists powered by an electric motor rose significantly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild reduction. Production of peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Germany

In 2022, the amount of pulley tackle and hoists powered by an electric motor exported from Germany rose to X units, increasing by 4% on the previous year's figure. Overall, exports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2021 when exports increased by 12%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of pulley tackle and hoists powered by an electric motor dropped to $X in 2022. Over the period under review, exports, however, saw a mild descent. The pace of growth was the most pronounced in 2021 when exports increased by 11% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units), China (X units) and the United States (X units) were the main destinations of exports of pulley tackle and hoists powered by an electric motor from Germany, together comprising 26% of total exports. The UK, Italy, the Netherlands, the Czech Republic, Austria, Denmark, Canada, Poland, Belgium and India lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +8.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pulley tackle and hoists powered by an electric motor exported from Germany were France ($X), the United States ($X) and China ($X), together accounting for 21% of total exports. The Czech Republic, the UK, the Netherlands, Canada, India, Austria, Italy, Denmark, Poland and Belgium lagged somewhat behind, together accounting for a further 37%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +6.5%, 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 2022, the average export price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, which is down by -9.1% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 7.6%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Germany

In 2022, imports of pulley tackle and hoists powered by an electric motor into Germany reduced to X units, falling by -14.7% compared with 2021. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 67%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of pulley tackle and hoists powered by an electric motor shrank to $X in 2022. Over the period under review, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Germany, accounting for a 42% share of total imports. Moreover, imports of pulley tackle and hoists powered by an electric motor from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. Poland (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+12.0% per year) and Poland (+130.9% per year).

In value terms, the largest pulley tackle and hoists powered by an electric motor suppliers to Germany were Japan ($X), Finland ($X) and Poland ($X), with a combined 50% share of total imports.

Poland, with a CAGR of +133.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2022, increasing by 8.5% against the previous year. Over the period under review, the import price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2021 an increase of 43%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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