Spain: Lifting Equipment Market 2024

Lifting Equipment Market Size in Spain

The Spanish lifting equipment market shrank to $X in 2021, reducing by -10.1% against the previous year. Overall, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.1% 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 decreased by -33.5% against 2019 indices. Lifting equipment consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Lifting Equipment Production in Spain

In value terms, lifting equipment production fell to $X in 2021 estimated in export price. Overall, production saw a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 107% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Lifting Equipment Exports

Exports from Spain

In 2021, shipments abroad of lifting equipment was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports enjoyed moderate growth. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, lifting equipment exports skyrocketed to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X units), Vietnam (X units) and Chile (X units) were the main destinations of lifting equipment exports from Spain, together comprising 55% of total exports. Russia, Peru, Germany and Japan lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +59.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for lifting equipment exports from Spain, comprising 27% of total exports. The second position in the ranking was held by Peru ($X), with an 11% share of total exports. It was followed by Russia, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+51.3% per year) and Russia (+14.4% per year).

Export Prices by Country

In 2021, the average lifting equipment export price amounted to $X per unit, approximately reflecting the previous year. In general, the export price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2017 when the average export price increased by 20% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Vietnam ($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 Peru (+8.3%), while the prices for the other major destinations experienced a decline.

Lifting Equipment Imports

Imports into Spain

In 2021, approx. X units of lifting equipment were imported into Spain; growing by 28% on the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 127% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, lifting equipment imports surged to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 172%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of lifting equipment to Spain, with a 65% share of total imports. Moreover, lifting equipment imports from China exceeded the figures recorded by the second-largest supplier, Slovenia (X units), eightfold. The third position in this ranking was taken by Ireland (X units), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +72.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+37.0% per year) and Ireland (+50.7% per year).

In value terms, Austria ($X), Slovenia ($X) and the UK ($X) constituted the largest lifting equipment suppliers to Spain, together accounting for 51% of total imports. These countries were followed by China, Ireland, the Netherlands, France, Italy, Sweden and the United States, which together accounted for a further 40%.

In terms of the main suppliers, Ireland, with a CAGR of +95.7%, recorded 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 lifting equipment import price stood at $X per unit in 2021, jumping by 25% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 126% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+31.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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