In 2021, the Luxembourg lifting equipment market finally saw its first rise to $X since 2017, ending a three-year downward trend. During the period under review, consumption increased significantly. As a result, consumption reaches a peak level of X dollars. From 2018 to 2021, the market growth rate will remain at a low level.
In value terms, the production of hoisting equipment in 2021 is estimated to have dropped significantly to $X at export prices. Overall, there has been a sharp decline in production. The growth rate was most significant in 2013, with an X% increase. Lifting equipment production peaked at $X in 2014; however, production has remained low from 2015 to 2021.
In 2021, overseas shipments of lifting equipment fell by X% to X units, the fifth consecutive year of decline after two years of growth. During the period under review, exports declined sharply. The growth rate was most pronounced in 2015, when exports increased by X%. During the period under review, exports in 2016 reached a record high of X units; however, from 2017 to 2021, exports were at a lower level.
Lifting equipment exports rose sharply to $X in 2021 in value terms. Overall, exports suffered a severe setback. The most significant growth rate occurred in 2013, with an increase of X%. Exports peaked at $X in 2016; however, from 2017 to 2021, exports have remained low.
China (X units) is the main destination for Luxembourg’s lifting equipment exports, accounting for about X% of the total exports.
From 2012 to 2021, the average annual growth rate of exports to China has been relatively modest. Average annual growth in value to China from 2012 to 2021 is relatively modest.
In 2021, the overseas purchase of lifting equipment finally rose to X units after three years of decline. Overall, imports continued to grow significantly. The fastest growth was recorded in 2017, with imports increasing by X%. As a result, imports peaked at X units. Import growth momentum failed to recover from 2018 to 2021.
Lifting equipment imports surge to $X by value in 2021. During the period under review, imports increased significantly. The most significant growth rate occurred in 2017, with an increase of X%. As a result, imports peaked at X dollars. Import growth will remain low between 2018 and 2021.
In 2021, Germany (X units) is the main supplier of lifting equipment to Luxembourg, accounting for about X% of total imports.
From 2012 to 2021, the average annual growth rate of sales in Germany totals +X%. Germany ($X) is the largest lifting equipment supplier in Luxembourg by value.
From 2012 to 2021, the average annual growth rate in value in Germany totals +X%.
Germany is Luxembourg's largest supplier of lifting equipment by value.
The average export price of lifting equipment in 2021 will be US$4,066 per unit, an increase of 10% over the previous year
The average import price of hoisting equipment in 2021 is US$3,932/unit, a decrease of -16.1% from the previous year.
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