The Irish lifting equipment market will grow by X% to $X in 2021, rising for the fourth consecutive year after three consecutive years of decline. In general, consumption showed solid growth. As a result, consumption has peaked and is likely to continue growing in the short term.

In value terms, the production of hoisting equipment in 2021 is estimated to have surged to $X at export prices. Overall, total production has grown significantly from 2012 to 2021: its value has grown at an average annual rate of +X% over the past nine years. However, the trend pattern indicated that some significant fluctuations were recorded throughout the analysis period. Based on 2021 data, production is down -X% compared to the 2019 index. The fastest growth in 2019, with an X% increase in production. As a result, production peaked at X dollars. From 2020 to 2021, production growth will remain at a low level.

The size of Ireland’s lifting equipment exports
In 2021, after three years of growth, overseas shipments of lifting equipment dropped significantly, with the number dropping -X% to X units. Overall, however, exports continued to grow significantly. The fastest growth was recorded in 2014, with exports increasing by X%. During the period under review, export volumes hit an all-time high of X units in 2020, before falling sharply the following year.

Lifting equipment exports soar to $X in 2021 by value. But overall, exports recorded significant growth. The most significant growth rate occurred in 2014, which was an X% increase compared to the previous year. Exports peaked at $X in 2019; however, from 2020 to 2021, exports failed to regain momentum.

Turkey (X units) was the leading destination for Irish lifting equipment exports, accounting for X% of total exports. In addition, exports of lifting equipment to Turkey exceeded four times that to Russia (X units), the second largest destination. The United States (X units) ranks 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: Russia (+X% per annum) and the United States (+X% per annum).

By value, the largest markets for lifting equipment exports from Ireland are Turkey ($X), the United States ($X) and Russia ($X), which together account for X% of total exports. In terms of major destination countries, Turkey, with a CAGR of +X%, recorded the highest export value growth rate during the period under review, while shipment growth in other leading countries was more moderate.

Import scale of lifting equipment in Ireland
In 2021, the number of hoisting equipment imported by Ireland surged to X units, an increase of X% year-on-year. Overall, imports continued to increase significantly. As a result, imports peaked and may continue to grow in the short term.

Lifting equipment imports surge to $X by value in 2021. During the period under review, imports increased significantly. As a result, imports peaked and may continue to grow in the short term.

Sweden (X units) is the largest supplier of lifting equipment to Ireland in 2021, accounting for X% of total imports. In addition, imports of lifting equipment from Sweden were more than ten times higher than the figures recorded by the second largest supplier, Italy (X units). In third place is the UK (X units) with an X% share.

From 2012 to 2021, the average annual growth rate of sales in Sweden is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Italy (+X% per annum) and the United Kingdom (+X% per annum). Sweden ($X) is the largest lifting equipment supplier to Ireland by value, accounting for X% of total imports. In second place is Norway ($X) with X% of total imports. It is followed by the UK with an X% share.

From 2012 to 2021, Sweden has an average annual value growth rate of +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Norway (+X% per annum) and the United Kingdom (+X% per annum).

Statistics of various crane suppliers in Ireland
Sweden is Ireland’s largest supplier of lifting equipment by value, accounting for 87% of total imports. In second place was Norway, which accounted for 3.7% of total imports. It is followed by the United Kingdom with a share of 3.7%.

The largest markets for hoisting equipment exports from Ireland by value are Turkey, the US and Russia, which together account for 56% of total exports.

The average export price of lifting equipment in 2021 is US$7,923 per unit, an increase of 139% over the previous year

The average import price of lifting equipment in 2021 is US$4,091 per unit, up 24% from the previous year

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Ireland 2022 Lifting Equipment Market Analysis