Eastern Europe: Vehicle-Mounted Lifting Equipment Market 2024

Vehicle-Mounted Lifting Equipment Market Size in Eastern Europe

The East European vehicle-mounted lifting equipment market expanded remarkably to $X in 2023, surging by X% against the previous year. Over the period under review, consumption, however, saw perceptible growth. Over the period under review, the market reached the peak level in 2023 and is expected to retain growth in years to come.

Vehicle-Mounted Lifting Equipment Production in Eastern Europe

In value terms, vehicle-mounted lifting equipment production stood at $X in 2023 estimated in export price. Over the period under review, production, however, saw prominent growth. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Vehicle-Mounted Lifting Equipment Exports

Exports in Eastern Europe

In 2023, overseas shipments of lifting equipment designed for mounting on road vehicles increased by X% to X units for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, vehicle-mounted lifting equipment exports soared to $X in 2023. In general, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

Poland represented the largest exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by Slovakia (X units) and Estonia (X units), together achieving a X% share of total exports. Romania (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Slovakia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest vehicle-mounted lifting equipment supplying countries in Eastern Europe were Poland ($X), Slovakia ($X) and Estonia ($X), with a combined X% share of total exports.

Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2023, rising by X% against the previous year. Overall, the export price posted buoyant growth. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Vehicle-Mounted Lifting Equipment Imports

Imports in Eastern Europe

In 2023, imports of lifting equipment designed for mounting on road vehicles in Eastern Europe surged to X units, increasing by X% on 2022. Over the period under review, imports, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X units in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, vehicle-mounted lifting equipment imports skyrocketed to $X in 2023. Overall, imports posted a tangible increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, Russia (X units) represented the main importer of lifting equipment designed for mounting on road vehicles, making up X% of total imports. Ukraine (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Poland (X%), the Czech Republic (X%) and Romania (X%). Hungary (X units), Belarus (X units) and Slovakia (X units) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to vehicle-mounted lifting equipment imports into Russia stood at X%. At the same time, Ukraine (X%), Slovakia (X%), Romania (X%), Hungary (X%), Poland (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Belarus (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Ukraine, Poland, the Czech Republic, Romania, Hungary and Slovakia increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported lifting equipment designed for mounting on road vehicles in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

In Russia, vehicle-mounted lifting equipment imports contracted by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Poland (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per unit, standing approx. at the previous year. Import price indicated prominent growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, vehicle-mounted lifting equipment import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2022, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform