In 2021, the Luxembourg market for pulley tackle and hoists powered by an electric motor increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.
In value terms, production of pulley tackle and hoists powered by an electric motor stood at less than $X in 2021 estimated in export price. In general, production enjoyed significant growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production of reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.
In 2021, the export volume of pulley blocks and hoists driven by Luxembourg motors soar to X units, an increase of X% over the previous year. During the reporting period, exports continued to grow significantly. Therefore, exports have reached a peak and are expected to continue to grow in the short term.
In terms of value, the export of pulley blocks and hoists driven by electric motors soar to $X in 2021. In general, exports continued to increase significantly. Therefore, exports have reached a peak and are expected to continue to grow in the short term.
Bélgica (X sets), Noruega (X sets) and Alemania (X sets) are the main export destinations of pulley blocks and hoists driven by Luxembourg motors, accounting for X% of the total exports.
From 2012 to 2021, among the major destination countries, Norway has the most significant growth rate of shipments (CAGR+X%), while other leading countries have moderate growth rates.
In terms of value, the largest markets for electric pulley blocks and cranes exported from Luxembourg are Norway (US $X), Belgium (US $X) and the Reino Unido (US $X), accounting for X% of the total export share. Francia, Germany, Hungaryel Países bajos y Suiza are slightly behind. With X countries, the compound annual growth rate is+X%. Among the major destination countries during the reporting period, the export value growth rate is the highest, while the export growth rate of other major destination countries is relatively moderate.
Luxembourg's overseas procurement of electric pulley blocks and hoists has increased for the third consecutive year, with an increase of X% to X units in 2021. In general, imports have increased significantly. In 2020, the growth rate was the fastest, with imports increasing by X% year on year. During the reporting period, imports reached a peak in 2021 and are likely to increase gradually in the near future.
In terms of value, the import of pulley blocks and hoists driven by electric motors will soar to $X in 2021. On the whole, however, imports declined significantly. The growth rate in 2016 was the most obvious, with imports increasing by X% year on year. The import reached the peak of X dollars in 2012; However, from 2013 to 2021, the number of imports has declined.
Belgium (X sets), Germany (X sets) and France (X sets) are the main suppliers of pulley blocks and electric hoists to Luxembourg, accounting for X% of the total imports. Italia lags behind slightly, including the X years from 2012 to 2021. The biggest growth is Italy (CAGR+X%), while the purchase of other leading countries has experienced a more moderate pace of growth.
In terms of value, Germany (US $X) is the largest supplier of pulley blocks and motor driven hoists in Luxembourg, accounting for X% of total imports. The second place is France (US $X), accounting for X% of total imports. Belgium is next, accounting for X%.
From 2012 to 2021, the average annual growth rate of German value is+X%. The average annual import growth rate of the remaining supplier countries is as follows: France (- X% per year) and Belgium (- X% per year).
In value terms, Germany constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Luxembourg, comprising 82% of total imports. The second position in the ranking was taken by France, with a 14% share of total imports. It was followed by Belgium, with a 2.4% share.
In value terms, Norway, Belgium and the UK appeared to be the largest markets for pulley tackle and hoists powered by an electric motor exported from Luxembourg worldwide, with a combined 75% share of total exports. These countries were followed by France, Germany, Hungary, the Netherlands and Switzerland, which together accounted for a further 15%.
The average export price for pulley tackle and hoists powered by an electric motor stood at $57 per unit in 2021, with a decrease of -48.7% against the previous year.
In 2021, the average import price for pulley tackle and hoists powered by an electric motor amounted to $112 per unit, declining by -10.1% against the previous year.
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