Slovakia: Market for Lifts, Elevators, Moving Stairways and Draglines 2024

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Slovakia

In 2022, the Slovak market for lifts, elevators, moving stairways and draglines was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Lifts, Elevators, Moving Stairways and Draglines in Slovakia

In value terms, lift, elevator, stairway and dragline production dropped to $X in 2022 estimated in export price. Overall, production showed prominent growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 94% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Slovakia

In 2022, overseas shipments of lifts, elevators, moving stairways and draglines increased by 34% to X units, rising for the seventh year in a row after two years of decline. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 330% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, lift, elevator, stairway and dragline exports skyrocketed to $X in 2022. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of 291%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X units), Germany (X units) and Italy (X units) were the main destinations of lift, elevator, stairway and dragline exports from Slovakia, with a combined 43% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +67.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) were the largest markets for lift, elevator, stairway and dragline exported from Slovakia worldwide, together comprising 42% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +59.8%, 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 lifts, elevators, moving stairways and draglines amounted to $X per unit, declining by -7.1% against the previous year. Overall, the export price saw a perceptible downturn. The pace of growth appeared the most rapid in 2015 an increase of 12%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per unit) and Poland ($X per unit), while the average price for exports to the Czech Republic ($X per unit) and Austria ($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 Czech Republic (-1.7%), while the prices for the other major destinations experienced a decline.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Slovakia

In 2022, after two years of growth, there was significant decline in overseas purchases of lifts, elevators, moving stairways and draglines, when their volume decreased by -68.7% to X units. Overall, imports, however, showed slight growth. The pace of growth was the most pronounced in 2021 with an increase of 83%. As a result, imports reached the peak of X units, and then fell dramatically in the following year.

In value terms, lift, elevator, stairway and dragline imports reduced notably to $X in 2022. Over the period under review, imports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2017 with an increase of 57% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Czech Republic (X units), Italy (X units) and Spain (X units) were the main suppliers of lift, elevator, stairway and dragline imports to Slovakia, together comprising 40% of total imports. Turkey, Germany, the Netherlands, Austria and France lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +55.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), the Czech Republic ($X) and Italy ($X) were the largest lift, elevator, stairway and dragline suppliers to Slovakia, with a combined 41% share of total imports. Germany, Spain, Turkey, the Netherlands and France lagged somewhat behind, together comprising a further 30%.

Among the main suppliers, the Netherlands, with a CAGR of +57.8%, 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 import price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2022, rising by 170% against the previous year. Overall, the import price, however, saw a noticeable reduction. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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