The German lifting equipment market fell -X% to $X in 2021, falling for the second year in a row after four years of growth. However, consumption recorded strong growth during the period under review. During the period under review, the market peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.
In value terms, hoisting equipment production increased significantly to an estimated $X at export prices in 2021. Overall, however, production recorded a marked decline. The most significant growth rate occurred in 2018, which was an X% increase compared to the previous year. Lifting equipment production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.
German lifting equipment export scale
In 2021, the export contract volume of German lifting equipment will be X units, a year-on-year decrease of -X%. Overall, however, exports continued to show modest expansion. The most significant growth rate occurred in 2017, with an increase of X%. During the period under review, the export volume reached the largest number of X units in 2020, and shrank the following year.
In value terms, lifting equipment exports fell rapidly to $X in 2021. Overall, exports fell slightly. 2017 appears to have seen the fastest growth, with an X% increase over the previous year. Exports peaked at $X in 2020 before falling sharply the following year.
China (unit X), Vietnam (unit X) and the United States (unit X) are the main destinations for German hoisting equipment exports, which together account for X% of total exports. It is followed by Spain, United Arab Emirates, Finland, Netherlands, Chile, Austria and France, which together account for X-fold from 2012 to 2021, with the largest increase being Chile (+X% CAGR ), while other leaders saw more modest growth in shipments.
In value terms, China ($X) remains the main foreign market for German lifting equipment exports, accounting for X% of total exports. In second place is Spain ($X) with X% of total exports. It is followed by Vietnam with an X% share.
Average annual growth in value to China from 2012 to 2021 totals -X%. Exports to other major destinations recorded the following average annual export growth rates: Spain (+X% per annum) and Vietnam (+X% per annum).
Import scale of lifting equipment in Germany
In 2021, after two years of growth, the foreign supply of hoisting equipment decreased significantly, its quantity decreased by -X% to X units. During the period under review, imports declined sharply. Growth appears to be the fastest in 2020, when imports rose by X%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports have remained low.
In value terms, hoisting equipment imports have shrunk significantly to $X in 2021. Overall, imports showed a moderate decline. The most significant growth rate occurred in 2020, with an X% increase compared to the previous year. During the period under review, imports peaked at $X in 2013; however, from 2014 to 2021, imports have remained low.
In 2021, Italy (X units) is the largest supplier of lifting equipment to Germany, accounting for X% of total imports. In addition, the import of lifting equipment from Italy was twice as high as the number recorded by the second largest supplier, China (X units). Switzerland (X units) ranked third with X% of total imports.
From 2012 to 2021, the average annual growth rate from Italy was relatively modest. The average annual growth rates of imports for the remaining suppliers are as follows: China (-X% per annum) and Switzerland (-X% per annum).
By value, Germany’s largest suppliers of lifting equipment are Italy ($X), Austria ($X) and Sweden ($X), which together account for X% of total imports. Sweden, with a CAGR of +X%, had the highest growth in import value among the major suppliers during the period under review, while other leaders saw more modest growth in procurement.
Statistics of various crane suppliers in Germany
Italy, Austria and Sweden appear to be Germany’s largest suppliers of lifting equipment by value, accounting for 62% of total imports.
In value terms, China remains the main foreign market for German lifting equipment exports, accounting for 46% of total exports. In second place is Spain with 6.7% of total exports. It is closely followed by Vietnam with a share of 5.4%.
The average export price of hoisting equipment in 2021 is $10,067 per unit, down -5.1% from the previous year.
The average import price of hoisting equipment in 2021 is $2,925 per unit, down -7.5% from the previous year.
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