Due to various reasons, Dongqi De La Grúa currently does not show a good sales trend in the Eastern European crane market, but we still maintain confidence in the Eastern European crane market. As one of the global economic growth points, Eastern Europe is rich in natural resources. If there is suitable development space, industrialization will rapidly lead Eastern European countries to detonate economic growth points. In this article, we will discuss the market size of Eastern European overhead cranes and the possible development trends in 2022 by summarizing some historical data
The Eastern Europe Overhead Crane Market size was valued at USD X in 2020, remaining stable compared to the previous year. Overall, consumption has shown a relatively flat trend pattern. The most significant growth rate occurred in 2011, when the market value increased by X% year-on-year. Consumption levels peaked at $X in 2012; however, from 2013 to 2020, consumption was at lower levels.
In value terms, the production of overhead cranes in 2020 declined slightly to $X at export prices. Overall, however, production declined slightly. The most significant growth rate occurred in 2008, when production increased by X% year-on-year. As a result, production reached a peak level of X dollars. From 2009 to 2020, the output growth rate remained at a low level.
Rusia (X units) is the country with the largest production of overhead cranes, accounting for X% of the total production. In addition, the production of overhead cranes in Russia exceeded the figures recorded by Polonia (X units), the second largest producer, by four times. The Czech Republic (X units) occupies the third position in the ranking with an X% share. The average annual growth rate in Russia from 2007 to 2020 was relatively modest. In other countries, the average annual growth rates are as follows: Poland (-X% per year) and Czech Republic (+X% per year).
In 2020, the export of overhead cranes soared to X units, an increase of X% over the previous year. Overall, exports continued to show modest growth. As a result, exports peaked and may continue to grow in the short term. Overhead crane exports rose sharply to $X in 2020 in value terms. Overall, exports continued to show a moderate downward trend. In 2011, the growth rate was the fastest, with an increase of X% year-on-year. During the period under review, exports peaked at $X in 2008; however, from 2009 to 2020, exports have been at lower levels.
The Czech Republic (X units) and Russia (X units) were the leading exporters of fixed-support overhead cranes in 2020, accounting for nearly X% and X% of total exports, respectively. Ukraine (X units) is second in the ranking, followed by Hungary (X units), Poland (X units) and Lithuania (X units). All of these countries together account for approx. X% of total exports. Estonia (X units) is far behind the leaders.
From 2007 to 2020, Hungary saw the largest increase in shipments, while the other leaders saw more modest growth in shipments.
In value terms, the Czech Republic ($X), Russia ($X) and Ukraine ($X) appear to be the countries with the highest levels of exports in 2020, together accounting for X% of total exports. Hungary, Lithuania, Estonia and Poland lagged slightly behind, together accounting for an additional X of the major exporters, with Hungary having the highest export value growth during the period under review, while the other leaders saw more modest growth in shipments
In 2020, approximately X fixed-support overhead cranes were imported in Eastern Europe; an increase of X% compared to 2019 figures. During the period under review, imports recorded significant growth. The growth rate was most pronounced in 2018, with a year-on-year increase of X%. As a result, imports peaked at X units. Import growth remained low in 2019-20.
Overhead crane imports fell slightly to $X in 2020. Overall, imports showed a relatively stable trend pattern. The most significant growth rate occurred in 2011, when imports increased by X% year-on-year. Import levels peaked at $X in 2012; however, imports declined slightly from 2013 to 2020.
In 2020, Russia (X units), Lithuania (X units), Ukraine (X units) and Romania (X units) were the main importers of fixed-support overhead cranes in Eastern Europe, accounting for X% of total imports. The Czech Republic (X units) accounted for X% of total imports (in tonnes), ranking second, followed by Poland (X%) and Latvia (X%).
From 2007 to 2020, of the major importing countries, Latvia experienced the most significant growth in purchases, while other leaders saw more modest growth in imports.
Russia (USD X) is the largest fixed-support imported overhead crane market in Eastern Europe by value, accounting for X% of total imports. In second place is Ukraine ($X) with X% of total imports. It is followed by Romania with an X% share. In Russia, from 2007 to 2020, imports of overhead cranes decreased by an average annual rate of -X%. In other countries, the average APR is as follows: Ukraine (+X% per annum) and Romania (-X% per annum).
Eastern European countries have demonstrated economic resilience in the fight against the impact of the new crown epidemic, and the economy has shown a rapid recovery. In 2021, the economies of Eastern European countries are showing signs of recovery as a whole. In the second quarter of 2021, output levels in most countries have returned to their pre-pandemic levels. Bulgaria and Romania have achieved a bottoming out in output as early as the fourth quarter of 2020.
The main macroeconomic indicators of Eastern European countries in 2021 will perform well, including: the GDP of Eastern European countries will maintain a growth trend, the GDP of many Central and Eastern European countries will increase by more than 10% year-on-year in the second quarter of 2021, and the upward trend will continue in the third quarter. According to the European Commission's autumn economic forecast, the GDP growth rate of Eastern European countries in 2021 is expected to achieve a level of 6%, which is 1 percentage point higher than the average GDP growth rate of EU countries. Consumption vitality continues to recover. In the third quarter of 2021, consumption in Eastern European countries accounted for an average of 75.3% of GDP, which is higher than the average level of the 27 EU countries. In terms of investment, supported by the government's public financial policies, the proportion of market investment in GDP has reached the level of the same period in 2019. It is particularly noteworthy that during the epidemic, Eastern European countries are still attractive to foreign investment. As of the second quarter of 2021, the FDI stock of the four countries of the Visegrad Group, Croatia, Estonia and other countries has increased by more than US$1 billion compared with that before the epidemic. In terms of import and export trade, as of October 2021, the export trade of Eastern European countries has increased by 10.87% year-on-year, which is 2.4% higher than the export growth rate of the 27 EU countries. Among them, Poland performed well, with exports reaching 176.7 billion euros from January to October 2021, a year-on-year increase of 17.8%. Therefore, in 2021, Eastern European countries will perform well in terms of consumption, investment, import and export trade, etc., supporting the continuous economic recovery from recovery to expansion.
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