Luxembourg: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in Luxembourg

In 2021, the Luxembourg mounting lifting equipment market increased by 40% to $X, rising for the third year in a row after two years of decline. In general, the total consumption indicated moderate growth from 2012 to 2021: its value 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. Based on 2021 figures, consumption increased by +59.7% against 2018 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Mounting Lifting Equipment Production in Luxembourg

In value terms, mounting lifting equipment production reduced rapidly to $X in 2021 estimated in export price. In general, production saw a sharp descent. Over the period under review, production reached the peak level at $X in 2020, and then shrank markedly in the following year.

Mounting Lifting Equipment Exports

Exports from Luxembourg

After five years of growth, overseas shipments of lifting equipment designed for mounting on road vehicles decreased by -64.1% to X units in 2021. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 150%. Over the period under review, the exports attained the maximum at X units in 2020, and then fell remarkably in the following year.

In value terms, mounting lifting equipment exports declined remarkably to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 262% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then declined markedly in the following year.

Exports by Country

Belgium (X units) was the main destination for mounting lifting equipment exports from Luxembourg, accounting for a 79% share of total exports. Moreover, mounting lifting equipment exports to Belgium exceeded the volume sent to the second major destination, Germany (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium amounted to +7.0%.

In value terms, Belgium ($X) emerged as the key foreign market for lifting equipment designed for mounting on road vehicles exports from Luxembourg, comprising 84% of total exports. The second position in the ranking was taken by Germany ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belgium amounted to +20.6%.

Export Prices by Country

The average mounting lifting equipment export price stood at $X per unit in 2021, growing by 33% against the previous year. Overall, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 74%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Germany totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+49.4%), while the prices for the other major destinations experienced mixed trend patterns.

Mounting Lifting Equipment Imports

Imports into Luxembourg

In 2021, after three years of growth, there was significant decline in purchases abroad of lifting equipment designed for mounting on road vehicles, when their volume decreased by -8.3% to X units. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 39%. Imports peaked at X units in 2020, and then fell in the following year.

In value terms, mounting lifting equipment imports soared to $X in 2021. Overall, imports, however, posted a slight expansion. The pace of growth appeared the most rapid in 2016 with an increase of 97%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X units), Belgium (X units) and Austria (X units) were the main suppliers of mounting lifting equipment imports to Luxembourg, together accounting for 83% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +14.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Belgium ($X) and Austria ($X) constituted the largest mounting lifting equipment suppliers to Luxembourg, together comprising 82% of total imports.

Among the main suppliers, Germany, with a CAGR of +5.5%, saw the highest rates of growth with regard to 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 mounting lifting equipment import price stood at $X per unit in 2021, picking up by 35% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mounting lifting equipment import price increased by +52.5% against 2019 indices. The pace of growth was the most pronounced in 2016 an increase of 41% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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