UK lifting equipment market soars to $X in 2021, up X% from the previous year. During the period under review, however, there was a sudden contraction in consumption. During the period under review, the market hit an all-time high of $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.
In value terms, 2021 hoisting equipment production is estimated to grow slightly to $X at export prices. Overall, however, production fell slightly. 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 2014; however, from 2015 to 2021, production failed to regain momentum.
UK lifting equipment export scale
In 2021, UK lifting equipment exports will soar to X units, an increase of X% over 2020. Overall, exports have grown strongly. 2013 saw the fastest growth, with exports increasing by X% over the previous year. Exports peaked in 2021 and may gradually increase in the near future.
Lifting equipment exports soar to $X in 2021 by value. During the period under review, exports achieved considerable growth. The fastest growth was recorded in 2013, with an increase of X%. As a result, exports peaked at X dollars. From 2014 to 2021, the export growth rate will remain at a low level.
Iraq (X units) was the main destination for UK lifting equipment exports, accounting for X% of total exports. In addition, exports of lifting equipment to Iraq are three times as large as shipped to the second largest destination, the United States (X units). In third place is the Netherlands (X units) with an X% share.
From 2012 to 2021, the average annual growth rate of cargo volumes to Iraq is +X%. Exports to other major destinations recorded the following average annual export growth rates: the United States (+X% per annum) and the Netherlands (+X% per annum).
In value terms, the US ($X), the Netherlands ($X) and Germany ($X) appear to be the largest markets for UK lifting equipment exports from around the world, together accounting for X% of total exports. This was followed by Indonesia, Australia, France, Iraq, Italy, Singapore, Ireland and Romania, which increased their total exports by X%, with a CAGR of +X%, in terms of the main destination countries during the review period In terms of shipments, other leaders saw more modest growth in shipments.
Import scale of UK lifting equipment
In 2021, the foreign supply of lifting equipment will increase by X% to X units, the third consecutive year of growth after two years of decline. However, imports contracted significantly during the review period. During the period under review, imports reached a maximum of X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.
Lifting equipment imports surge to $X by value in 2021. Overall, imports recorded significant growth. Therefore, imports have peaked and may continue to grow in the short term.
The Netherlands (X units), Germany (X units) and China (X units) are the main suppliers of lifting equipment imports to the UK, accounting for X% of total imports. From 2012 to 2021, among the major suppliers, the Netherlands recorded the most significant purchase growth rate (+X% CAGR), while imports from other leaders showed a mixed trend.
The Netherlands ($X) is the largest supplier of lifting equipment to the UK by value, representing X% of total imports. In second place is Germany ($X) with X% of total imports. It is followed by Italy with an X% share.
Average annual value growth in the Netherlands from 2012 to 2021 is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Germany (-X% per annum) and Italy (-X% per annum).
Statistics of various crane suppliers in UK
The Netherlands is the UK’s largest supplier of lifting equipment by value, accounting for 76% of total imports. In second place is Germany, with 13% of total imports. It is followed by Italy with a share of 4.1%.
The US, the Netherlands and Germany are the largest markets for UK lifting equipment exports globally by value, accounting for 36% of total exports. Indonesia, Australia, France, Iraq, Italy, Singapore, Ireland and Romania trailed slightly behind with a combined 32%.
The average export price of hoisting equipment in 2021 is US$3,019 per unit, up 9.6% year-on-year.
The average import price of hoisting equipment in 2021 will be US$6,002 per unit, a year-on-year increase of 13%.
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UK Lifting Equipment Market Analysis 2022
