Ireland: Lift And Hoist Market 2024

Lift And Hoist Market Size in Ireland

The Irish lift and hoist market skyrocketed to $X in 2022, picking up by 207% against the previous year. In general, consumption showed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Lift And Hoist Production in Ireland

In value terms, lift and hoist production skyrocketed to $X in 2022 estimated in export price. In general, production faced a deep setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by 1,744% against the previous year. Lift and hoist production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Lift And Hoist Exports

Exports from Ireland

In 2022, after five years of growth, there was significant decline in shipments abroad of lifts and hoists, when their volume decreased by -77% to X units. In general, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 179%. As a result, the exports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, lift and hoist exports contracted sharply to $X in 2022. Overall, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.5% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by 125%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for lift and hoist exports from Ireland, accounting for a 59% share of total exports. Moreover, lift and hoist exports to the UK exceeded the volume sent to the second major destination, Senegal (X units), sevenfold. The third position in this ranking was taken by Guyana (X units), with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (0.0% per year) and Guyana (0.0% per year).

In value terms, the UK ($X) emerged as the key foreign market for lifts and hoists exports from Ireland, comprising 61% of total exports. The second position in the ranking was taken by Senegal ($X), with a 9.3% share of total exports. It was followed by Guyana, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (0.0% per year) and Guyana (0.0% per year).

Export Prices by Country

In 2022, the average lift and hoist export price amounted to $X per unit, picking up by 260% against the previous year. Over the period under review, the export price, however, saw a noticeable downturn. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per unit) and France ($X per unit), while the average price for exports to Angola ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-2.0%), while the prices for the other major destinations experienced a decline.

Lift And Hoist Imports

Imports into Ireland

In 2022, supplies from abroad of lifts and hoists decreased by 0% to X units, falling for the third year in a row after six years of growth. In general, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 53% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, lift and hoist imports totaled $X in 2022. Overall, imports posted prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 59%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The UK (X units), Spain (X units) and Italy (X units) were the main suppliers of lift and hoist imports to Ireland, with a combined 54% share of total imports. China, Finland, the Netherlands, Greece, Sweden and the United States lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +46.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Spain ($X) and Italy ($X) were the largest lift and hoist suppliers to Ireland, with a combined 54% share of total imports. China, Finland, the Netherlands, Greece, Sweden and the United States lagged somewhat behind, together comprising a further 37%.

In terms of the main suppliers, the Netherlands, with a CAGR of +39.4%, 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

The average lift and hoist import price stood at $X per unit in 2022, remaining constant against the previous year. Over the period under review, the import price saw a perceptible contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 4.9%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Italy ($X per unit), while the price for the Netherlands ($X per unit) and Greece ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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