The Greek hoisting equipment market fell slightly to $X in 2021, around $2000. in the previous year. During the period under review, consumption recorded a significant decline.
Lifting equipment consumption peaked at $X in 2012; however, consumption has remained low from 2013 to 2021.
In value terms, 2021 hoisting equipment production is estimated to fall to X USD at export prices. Overall, production has contracted sharply. The most significant growth rate occurred in 2020, when production increased by X%. During the period under review, production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.
Greece’s lifting equipment export scale
Overseas shipments of lifting equipment in 2021 fell -X% to X units for the first time since 2018, ending a two-year upward trend. Overall, exports fell sharply. Growth was the fastest in 2020, up X% from the previous year. During the period under review, exports in 2015 reached a record high of X units; however, from 2016 to 2021, export volumes were at a lower level.
In value terms, 2021 hoisting equipment exports decreased significantly to $X. Overall, exports fell sharply. The most significant growth rate occurred in 2019, when exports increased by X% over the previous year. During the period under review, exports peaked at $X in 2012; however, from 2013 to 2021, exports failed to regain momentum.
Turkey (X units) is the main destination for Greek lifting equipment exports, accounting for X% of total exports. In addition, the export of lifting equipment to Turkey was more than double the export to Cyprus (X units), the second main destination.
Nigeria (X units) ranked third with X% of total exports.
From 2012 to 2021, the average annual growth rate of cargo volumes to Turkey is +X%. Exports to other major destinations recorded the following average annual export growth rates: Cyprus (-X% per annum) and Nigeria (X% per annum).
In value terms, Turkey ($X) emerged as the leading foreign market for Greek lifting equipment exports, accounting for X% of total exports. In second place is Cyprus ($X) with X% of total exports. It is followed by Nigeria with an X% share.
Average annual growth in value to Turkey from 2012 to 2021 +X%. Exports to other major destinations recorded the following average annual export growth rates: Cyprus (+X% per annum) and Nigeria (+X% per annum)
Import scale of hoisting equipment in Greece
In 2021, after a four-year decline, overseas purchases of hoisting equipment saw a significant increase, with the number increasing by X% to X units. During the period under review, imports increased significantly. The most significant growth rate occurred in 2013, with an increase of X%. During the period under review, imports in 2016 reached an all-time high of X units; however, from 2017 to 2021, imports failed to regain momentum.
Lifting equipment imports jumped to $X in 2021 in value terms. Overall, imports have grown substantially. The most significant growth rate occurred in 2013, with an increase of X%. Imports peaked at $X in 2016; however, imports declined slightly from 2017 to 2021.
The United Kingdom (X units), Bulgaria (X units) and the United States (X units) are the main suppliers of lifting equipment imports to Greece, together accounting for X% of total imports. This is followed by China, Slovenia, Poland and Panama, which together account for X-fold from 2012 to 2021, with the largest increase being Slovenia (+X% CAGR), while other leaders’ purchases The pace is more moderate growth.
The United Kingdom ($X), Bulgaria ($X) and Slovenia ($X) are the largest lifting equipment suppliers to Greece by value, accounting for X% of total imports. Slovenia, with a CAGR of +X%, experienced the highest growth in import value among the major suppliers during the period under review, while other leaders saw more modest growth in purchases.
Statistics of various crane suppliers in Greece
The UK, Bulgaria and Slovenia are the largest lifting equipment suppliers to Greece by value, accounting for 62% of total imports.
In value terms, Turkey became the main foreign market for Greek lifting equipment exports, accounting for 79% of total exports. In second place is Cyprus, which accounted for 19% of total exports. It is followed by Nigeria with a share of 1.1%.
The average export price of lifting equipment in 2021 is $11,040 per unit, an increase of 635% over the previous year.
The average import price of hoisting equipment in 2021 will be US$1,931/unit, a year-on-year decrease of -21.9%.
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Analysis of the lifting equipment market in Greece in 2022