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The Slovak hoisting equipment market has finally risen to $X in 2021 after two years of decline. Overall, however, there has been a sharp decline in consumption. As a result, spending reached the highest level of X dollars. From 2019 to 2021, the market growth rate will remain at a low level.
Slovakia’s lifting equipment export scale
Slovakia’s hoisting equipment exports contract rapidly to X units in 2021, down -X% from 2020. Exports faced a sharp contraction during the review period. The growth rate was most pronounced in 2015, when exports increased by X%. Exports peaked at X units in 2013; however, exports have remained low from 2014 to 2021.
In value terms, hoisting equipment exports fell sharply to $X in 2021. Overall, exports face a sharp contraction. 2015 saw the fastest growth, with exports increasing by X% year-on-year. During the period under review, exports peaked at $X in 2012; however, from 2013 to 2021, exports failed to regain momentum.
Ukraine (units X) and Germany (units X) are the main destinations for Slovak hoisting equipment exports. In addition, Ukraine exports twice as much lifting equipment as Germany, the second largest exporter.
From 2012 to 2021, the largest increase is in Germany (CAGR of X value, the largest markets for lifting equipment exported from Slovakia are Ukraine (USD X) and Germany (main destination country Germany, USD X, per year The compound growth rate was -X%, with the highest growth rate in export value during the period under review.
Import scale of lifting equipment to Slovakia
In 2021, overseas purchases of lifting equipment increased by X% to X units for the first time since 2018, ending a two-year downward trend. Overall, however, imports faced a sudden setback. The most significant growth rate occurred in 2018, which was an X% increase compared to the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports have remained low.
Lifting equipment imports surged to $X in 2021 by value. But overall, imports fell sharply. The fastest growth rate in 2018, an increase of X% year-on-year. As a result, imports peaked at X dollars. Import growth momentum failed to recover from 2019 to 2021.
In 2021, the Czech Republic (X units) is the largest supplier of lifting equipment to Slovakia, accounting for X% of total imports. In addition, imports of lifting equipment from the Czech Republic were seven times higher than the figures recorded by the second largest supplier, Austria (X units). Italy (X units) ranks third in total imports with a share of X%.
From 2012 to 2021, the average annual growth rate of exports from the Czech Republic is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Austria (-X% per annum) and Italy (-X% per annum).
Czech Republic ($X) is the largest lifting equipment supplier to Slovakia by value, accounting for X% of total imports. In second place is Austria ($X) with X% of total imports. It is followed by Italy with an X% share. From 2012 to 2021, the average annual value growth rate in the Czech Republic is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Austria (-X% per annum) and Italy (-X% per annum).
Statistics of various crane suppliers in Slovakia
The Czech Republic is the largest supplier of lifting equipment to Slovakia by value, accounting for 75% of total imports. In second place is Austria, with 14% of total imports. It was followed by Italy with a share of 3.9%.
The largest markets for lifting equipment exported from Slovakia by value are Ukraine and Germany.
The average export price of hoisting equipment in 2021 is US$1,831 per unit, the same as the previous year.
The average import price of hoisting equipment in 2021 will be US$3,375 per unit, a year-on-year increase of 37%.
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Slovakia Lifting Equipment Market Analysis 2022
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