Spain: Lifting Equipment Market 2024

Lifting Equipment Market Size in Spain

In 2022, the Spanish lifting equipment market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption recorded a significant expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Lifting Equipment Production in Spain

In value terms, lifting equipment production surged to $X in 2022 estimated in export price. Over the period under review, production continues to indicate significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Lifting Equipment Exports

Exports from Spain

In 2022, lifting equipment exports from Spain fell markedly to X units, reducing by X% on the year before. Over the period under review, exports showed a deep setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, lifting equipment exports contracted dramatically to $X in 2022. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Morocco (X units) and the Netherlands (X units) were the main destinations of lifting equipment exports from Spain, together accounting for X% of total exports.

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

In value terms, the largest markets for lifting equipment exported from Spain were the United States ($X), France ($X) and Germany ($X), with a combined X% share of total exports. Peru, the UK, the Netherlands, Israel, India, Morocco, Australia, Mexico, Brazil and Colombia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Israel, with a CAGR of X%, recorded the highest growth rate of 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

The average lifting equipment export price stood at $X per unit in 2022, waning by X% against the previous year. In general, export price indicated a temperate expansion 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 export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Morocco ($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 Israel (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lifting Equipment Imports

Imports into Spain

Lifting equipment imports into Spain dropped markedly to X units in 2022, declining by X% against 2021. In general, imports, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, lifting equipment imports soared to $X in 2022. Over the period under review, imports, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X units), France (X units) and China (X units) were the main suppliers of lifting equipment imports to Spain, together comprising X% of total imports. Germany, Italy, Slovenia, Austria, Poland, Ireland, Vietnam and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Slovenia ($X) appeared to be the largest lifting equipment suppliers to Spain, together comprising X% of total imports.

Slovenia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average lifting equipment import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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