The Czech lifting equipment market is rapidly falling to $X in 2021, down -X% y-o-y. During the period under review, total consumption shows a resilient expansion 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. According to 2021 data, consumption has increased by +X% compared to the 2019 index. As a result, consumption peaked at X dollars before falling sharply the following year.

In value terms, the production of hoisting equipment in 2021 is estimated to have dropped significantly to $X at export prices. However, production continued to show resilient expansion during the period under review. Growth will be the fastest in 2020, with an increase of X%. As a result, production peaked at $X before dropping significantly the following year.

The size of the export of lifting equipment from the Czech Republic
Overseas shipments of lifting equipment fell -X% to X units in 2021, falling for the third consecutive year after two years of growth. Overall, however, exports recorded significant growth. The most significant growth rate occurred in 2013, when exports increased by X%. Exports peaked at X units in 2018; however, exports have remained low from 2019 to 2021.

In value terms, hoisting equipment exports fell to X dollars in 2021. However, exports showed resilient growth during the period under review. The fastest growth rate in 2017, with a year-on-year increase of X%. During the period under review, exports hit an all-time high of $X in 2019; however, from 2020 to 2021, exports have been at lower levels.

The United States (X units), Canada (X units) and Poland (X units) are the main destinations for Czech hoisting equipment exports, which together account for X% of total exports. Germany, United Arab Emirates, Italy, Belarus, Israel, France, Portugal, Slovakia, Australia and the UK are a little behind, accounting for a further X-fold between 2012 and 2021, with the largest increase being Israel (+X % CAGR ), while other leading players saw more modest growth in shipments.

The largest markets for the Czech Republic’s exports of lifting equipment by value are Germany ($X), the United States ($X) and France ($X), which account for X% of total exports. Canada, Portugal, United Arab Emirates, Italy, Australia, Israel, UK, Poland, Slovakia, and Belarus are slightly behind, adding up to X again, with a CAGR of +X%, the highest value growth rate during the review period, and the main purpose Exports from regional countries grew, while exports from other leaders grew at a more moderate rate.

Import Scale of Lifting Equipment in Czech Republic
In 2021, approximately X cranes were imported into the Czech Republic; an increase of X% over the previous year. Overall, imports continued to grow significantly. The growth rate was most pronounced in 2018, when imports increased by X% year-on-year. During the period under review, imports in 2019 reached an all-time high of X units; however, from 2020 to 2021, imports remained at low levels.

In value terms, hoisting equipment imports fell rapidly to $X in 2021. During the period under review, imports recorded strong growth. The most significant growth rate occurred in 2018, which was an X% increase compared to the previous year. As a result, imports peaked at X dollars. Import growth will remain low in 2019-2021.

In 2021, Germany (X units) is the largest supplier of lifting equipment to the Czech Republic, accounting for X% of total imports. In addition, imports of lifting equipment from Germany were three times higher than the figures recorded by the second largest supplier, Italy (X units). China (X units) ranked third with X% of total imports.

From 2012 to 2021, the average annual growth rate of sales from Germany is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Italy (-X% per annum) and China (-X% per annum). Germany ($X), Italy ($X) and Japan ($X) are the largest lifting equipment suppliers to the Czech Republic by value, together accounting for X% of total imports. Among the major suppliers, Japan, with a CAGR of +X%, recorded the highest import value growth rate during the period under review, while other leading suppliers saw a more moderate purchase growth rate.

Statistics of various crane suppliers in Czech Republic
Germany, Italy and Japan appear to be the largest suppliers of lifting equipment to the Czech Republic by value, accounting for 50% of total imports.

Germany, the United States and France are the Czech Republic’s largest export markets for lifting equipment globally by value, together accounting for 37% of total exports. This is followed by Canada, Portugal, the United Arab Emirates, Italy, Australia, Israel, the United Kingdom, Poland, Slovakia and Belarus, which together account for 45 percent.

The average export price of lifting equipment in 2021 is $23,917 per unit, up 15% from the previous year.

The average import price of hoisting equipment in 2021 will be US$3,752 per unit, a year-on-year decrease of -47.6%.

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Crane Equipment Market Analysis in Czech Republic 2022