In 2021, the Finnish market for pulley tackle and hoists powered by an electric motor increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

In value terms, production of pulley tackle and hoists powered by an electric motor contracted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced reduction. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor
In 2021, the number of motor-driven pulley blocks and cranes exported from Finland surged to X units, an increase of X percent over the previous year’s figure. During the reporting period, exports increased significantly. The growth rate in 2020 was the most significant, with an X% increase compared to the previous year. During the reporting period, exports reached their maximum value in 2021 and are expected to keep growing in the coming years.

In terms of value, in 2021, exports of electric motor-driven pulley blocks and cranes soared to X dollars. Overall, there has been a significant increase in the value of exports. 2020 saw the fastest growth, with exports rising by X%. During the reporting period, exports peaked in 2021 and are expected to keep growing in the short term.

Germany (X units) is Finland’s main export destination for electric pulley blocks and cranes, accounting for X% of total exports. In addition, the number of electric pulley blocks and cranes exported to Germany exceeded six times that to Poland, the second largest destination (X units). In third place is Mexico (X units) with an X% share. From 2012 to 2021, the average annual growth rate of German exports is +X%. Exports to other major destinations recorded the following average annual export growth rates: Poland (+X% per annum) and Mexico (+X-% per annum).

In terms of value, Germany ($X) remains the main foreign market for Finland’s electric motor-driven pulley blocks and cranes, accounting for X% of total exports. In second place is Poland ($X) with X% of total exports. It is followed by Mexico with an X% share.

From 2012 to 2021, the average annual growth rate of German values ​​is +X%. Exports to other major destinations recorded the following average annual export growth rates: Poland (+X% per annum) and Mexico (+X-% per annum).

Imports of Pulley Tackle And Hoists Powered By An Electric Motor
In 2021, the number of pulley blocks and cranes driven by electric motors imported into Finland will reach X units, approximately reflecting the 2020 figures. Overall, imports have grown substantially. The growth rate in 2020 was the most significant, with an X% increase compared to the previous year. Imports peaked in 2021 and are expected to keep growing in the near future.

In terms of value, in 2021, imports of motor-driven pulley blocks and cranes contract to X dollars. Overall, total imports from 2012 to 2021 showed some growth: their value has grown at an average annual rate of +X% over the past nine years. However, the trend pattern shows that some notable fluctuations were recorded throughout the analysis period. Based on 2021 data, imports are down -X% compared to the 2018 index. In 2017, imports increased by X%, with the most pronounced growth. During the period under review, 2018 imports reached a maximum value of X dollars; however, from 2019 to 2021, imports remained low.

In 2021, China (X units) will become Finland’s largest supplier of pulley blocks and electric hoists, accounting for X% of total imports. In addition, the number of electric pulley blocks and cranes imported from China is more than four times that of the second largest supplier, Turkey (X units). Italy (X units) ranks third in total imports with an X% share. From 2012 to 2021, the average annual growth rate of China’s export volume is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Turkey (X% per annum) and Italy (+X% per annum).

Germany ($X) is Finland’s largest supplier of electric sheave blocks and cranes in terms of value, accounting for X% of total imports. In second place is Switzerland ($X) with X% of total imports. Next is the United States, with an X% share.

Average annual value growth in Germany from 2012 to 2021 is +X%. The average annual growth rates of imports in the remaining supplier countries are as follows: Switzerland (+X% per annum) and the United States (+X-% per annum).

Statistics of various crane suppliers in Finland
In value terms, Germany constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Finland, comprising 65% of total imports. The second position in the ranking was held by Switzerland, with an 8.6% share of total imports. It was followed by the United States, with a 4.3% share.

In value terms, Germany remains the key foreign market for pulley tackle and hoists powered by an electric motor exports from Finland, comprising 18% of total exports. The second position in the ranking was taken by Poland, with a 2.3% share of total exports. It was followed by Mexico, with a 1.8% share.

The average export price for pulley tackle and hoists powered by an electric motor stood at $2,325 per unit in 2021, reducing by -2.6% against the previous year.

In 2021, the average import price for pulley tackle and hoists powered by an electric motor amounted to $233 per unit, reducing by -7.1% against the previous year.

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Finland: 2022 Electric Pulley Blocks and Electric Hoists Market Analysis