Eastern Europe: Lifting Equipment Market 2024

Lifting Equipment Market Size in Eastern Europe

The East European lifting equipment market skyrocketed to $X in 2022, jumping by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Lifting Equipment Production in Eastern Europe

In value terms, lifting equipment production rose notably to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Lifting Equipment Exports

Exports in Eastern Europe

In 2022, approx. X units of lifting equipment were exported in Eastern Europe; shrinking by X% compared with the previous year's figure. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, lifting equipment exports rose rapidly to $X in 2022. Over the period under review, exports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. 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

In 2022, Poland (X units) was the key exporter of lifting equipment, comprising X% of total exports. Estonia (X units) took the second position in the ranking, distantly followed by Hungary (X units) and the Czech Republic (X units). All these countries together held approx. X% share of total exports. Latvia (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lifting equipment exports from Poland stood at X%. At the same time, Latvia (X%) and Estonia (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Hungary (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Estonia (X p.p.), Poland (X p.p.) and Latvia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hungary (X p.p.) and the Czech Republic (X p.p.) displayed negative dynamics.

In value terms, Poland ($X) remains the largest lifting equipment supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Estonia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Poland totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Estonia (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the other leaders experienced mixed trends in the export price figures.

Lifting Equipment Imports

Imports in Eastern Europe

After two years of decline, supplies from abroad of lifting equipment increased by X% to X units in 2022. Over the period under review, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lifting equipment imports dropped to $X in 2022. In general, imports, however, continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Russia prevails in imports structure, reaching X units, which was approx. X% of total imports in 2022. Poland (X units) held the second position in the ranking, followed by Moldova (X units). All these countries together took approx. X% share of total imports. Hungary (X units), Romania (X units) and Lithuania (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lifting equipment imports into Russia stood at X%. At the same time, Moldova (X%), Hungary (X%), Lithuania (X%) and Poland (X%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Romania experienced a relatively flat trend pattern. While the share of Russia (X p.p.) and Moldova (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Poland (X p.p.) and Romania (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and Hungary ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Romania, Lithuania and Moldova lagged somewhat behind, together comprising a further X%.

Moldova, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price saw a deep setback. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per unit), while Moldova ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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