Poland: Lifting Equipment Market 2024

Lifting Equipment Market Size in Poland

The Polish lifting equipment market contracted notably to $X in 2021, waning by -55.9% against the previous year. In general, consumption saw a abrupt decline. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Lifting Equipment Production in Poland

In value terms, lifting equipment production declined to $X in 2021 estimated in export price. Overall, production recorded a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 34%. Lifting equipment production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Lifting Equipment Exports

Exports from Poland

In 2021, overseas shipments of lifting equipment decreased by -15% to X units, falling for the third consecutive year after two years of growth. Overall, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 212%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, lifting equipment exports surged to $X in 2021. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 110% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Ukraine (X units), Russia (X units) and the United States (X units) were the main destinations of lifting equipment exports from Poland, together comprising 56% of total exports. These countries were followed by Singapore, France, Belarus, Norway and Mexico, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +61.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for lifting equipment exports from Poland, comprising 35% of total exports. The second position in the ranking was held by Singapore ($X), with a 13% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +41.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+4.1% per year) and the United States (+22.6% per year).

Export Prices by Country

In 2021, the average lifting equipment export price amounted to $X per unit, growing by 45% against the previous year. Overall, the export price, however, showed a mild setback. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Mexico ($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 Algeria (+1,732.2%), while the prices for the other major destinations experienced more modest paces of growth.

Lifting Equipment Imports

Imports into Poland

In 2021, after two years of growth, there was significant decline in supplies from abroad of lifting equipment, when their volume decreased by -26% to X units. Overall, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2013 when imports increased by 538% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, lifting equipment imports declined dramatically to $X in 2021. Over the period under review, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 578%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Sweden (X units) were the main suppliers of lifting equipment imports to Poland, with a combined 70% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +45.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Sweden ($X) appeared to be the largest lifting equipment suppliers to Poland, with a combined 83% share of total imports.

In terms of the main suppliers, Sweden, with a CAGR of +49.1%, recorded 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, declining by -15.8% against the previous year. Overall, the import price saw a mild reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 40% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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