Italy: Lift And Hoist Market 2024

Lift And Hoist Market Size in Italy

In 2022, the Italian lift and hoist market increased by 11% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, recorded a pronounced contraction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Lift And Hoist Production in Italy

In value terms, lift and hoist production soared to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep slump. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Lift And Hoist Exports

Exports from Italy

In 2022, overseas shipments of lifts and hoists increased by 15% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 34%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, lift and hoist exports reduced to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 15%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units), France (X units) and the UK (X units) were the main destinations of lift and hoist exports from Italy, with a combined 34% share of total exports. Poland, Switzerland, Austria, Australia, Belgium, Egypt, Spain, Israel, the Czech Republic and the United States lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +33.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the UK ($X) constituted the largest markets for lift and hoist exported from Italy worldwide, with a combined 34% share of total exports. Poland, Switzerland, Austria, Australia, Belgium, Egypt, Spain, Israel, the Czech Republic and the United States lagged somewhat behind, together accounting for a further 39%.

Among the main countries of destination, Egypt, with a CAGR of +30.9%, saw the highest growth rate of 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 lift and hoist export price amounted to $X per unit, falling by -17.9% against the previous year. In general, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 35% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Israel ($X per unit) and the Czech Republic ($X per unit), while the average price for exports to the United States ($X per unit) and Poland ($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 the United States (-2.0%), while the prices for the other major destinations experienced a decline.

Lift And Hoist Imports

Imports into Italy

Lift and hoist imports into Italy skyrocketed to X units in 2022, with an increase of 53% against 2021 figures. Over the period under review, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lift and hoist imports skyrocketed to $X in 2022. Overall, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of lift and hoist to Italy, with a 60% share of total imports. Moreover, lift and hoist imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. France (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.0% per year) and France (+16.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of lifts and hoists to Italy, comprising 60% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.9% per year) and France (+14.6% per year).

Import Prices by Country

The average lift and hoist import price stood at $X per unit in 2022, growing by 27% against the previous year. In general, the import price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 an increase of 35% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and the Netherlands ($X per unit), while the price for Germany ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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