Germany: Lifting Equipment Market 2024

Lifting Equipment Market Size in Germany

The German lifting equipment market expanded remarkably to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a slight decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Lifting Equipment Production in Germany

In value terms, lifting equipment production expanded remarkably to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Lifting equipment production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Lifting Equipment Exports

Exports from Germany

In 2022, shipments abroad of lifting equipment decreased by X% to X units, falling for the fourth year in a row after two years of growth. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, lifting equipment exports contracted significantly to $X in 2022. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X units), Azerbaijan (X units) and France (X units) were the main destinations of lifting equipment exports from Germany, with a combined X% share of total exports. Turkey, Indonesia, Poland, Austria, the Netherlands, the Czech Republic, Norway, Sweden, China and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lifting equipment exported from Germany were Azerbaijan ($X), France ($X) and Vietnam ($X), together accounting for X% of total exports. Turkey, the United States, China, Austria, Norway, the Czech Republic, the Netherlands, Poland, Indonesia and Sweden lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lifting equipment export price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lifting Equipment Imports

Imports into Germany

In 2022, lifting equipment imports into Germany was estimated at X units, growing by X% compared with 2021 figures. Overall, imports, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, lifting equipment imports shrank slightly to $X in 2022. Over the period under review, imports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of lifting equipment to Germany, with a X% share of total imports. Moreover, lifting equipment imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fourfold. China (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and China (X% per year).

In value terms, Italy ($X) constituted the largest supplier of lifting equipment to Germany, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with an X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Austria (X% per year).

Import Prices by Country

In 2022, the average lifting equipment import price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lifting equipment import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :