In 2021, the Slovak market for pulley tackle and hoists powered by an electric motor was finally on the rise to reach $X after four years of decline. Overall, consumption continues to indicate a deep reduction. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.
In value terms, production of pulley tackle and hoists powered by an electric motor surged to $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt contraction. Production of peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.
In 2021, overseas shipments of electric motor-driven pulley tackle and hoists will increase by X% to X units for the first time since 2018, thus ending a two-year decline. Overall, however, exports continued to show signs of a sudden decline. During the period under review, the export volume in 2012 hit a record high for Taiwan X; however, from 2013 to 2021, the export figures were slightly lower.
In value terms, exports of electric motor driven pulley tackle and hoists to surge to $X in 2021. However, exports continued to show a deep decline during the reporting period. Exports peaked at $X in 2012; however, exports failed to regain momentum from 2013 to 2021.
The United States (X Units) is the main destination for Singapore Electric Pulleys and Lifts exports, accounting for X% of the total exports. In addition, exports of electric motor-driven pulley tackle and hoists to the U.S. outnumbered those sent to the second major destination, China (Taiwan X), by ten times.
From 2012 to 2021, sales to the US will grow at an average annual rate of +X%. The average annual growth rate of exports to other major destinations is as follows: China (+X%) and Indonesia (-X% per year).
The United States ($X), China ($X), and Indonesia ($X) constitute the largest markets for global Electric Motor Driven Pulley Tackles and Cranes exported from Singapore by value, accounting for X% of total exports. Among the major destination countries, China recorded the highest export value growth rate during the review period with a CAGR of +X%, while shipments to other major countries experienced a mixed trend pattern.
Overseas purchases of electric motor-driven pulley spreaders and hoists increased by X% to X units in 2021, rising for the second consecutive year after declining for three consecutive years. Imports grew rapidly during the reporting period. The most prominent growth rate was in 2016, when imports increased by X%. As a result, imports peak at X units. Import growth remains low from 2017 to 2021.
Imports of pulley tackle and hoists powered by electric motors have dropped significantly to $X in value terms in 2021. Overall, import growth was strong. The pace of growth was most pronounced in 2016, when imports increased by X% over the previous year. As a result, imports peak at $X. Import growth remains low from 2017 to 2021.
In 2021, the Czech Republic (X units) is the largest pulley spreader and hoist in Slovakia, powered by a supplier of electric motors, accounting for X% of total imports. In addition, imports of electric motor-driven pulley tackle and lifts from the Czech Republic were four times higher than the figures recorded by the second-largest supplier, Germany (Taiwan X). Spain (X vehicles) ranks third in terms of total imports, accounting for X%.
From 2012 to 2021, sales in the Czech Republic will grow at an average annual rate of +X%. The average annual growth rates of imports for the remaining supplying countries are as follows: Germany (+X% per year) and Spain (+X% per year).
Germany ($X) is the largest supplier of electric pulley tackle and lifts to Slovakia by value, accounting for X% of total imports. In second place is the Czech Republic ($X), accounting for X% of total imports. This is followed by Denmark with an X% share.
From 2012 to 2021, Germany's value will grow at an average annual rate of +X%. The average annual growth rates of imports for the remaining supplying countries are as follows: Czech Republic (+X% per year) and Denmark (+X% per year).
In value terms, Germany constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Slovakia, comprising 47% of total imports. The second position in the ranking was held by the Czech Republic, with a 19% share of total imports. It was followed by Denmark, with an 18% share.
In value terms, Ukraine, Poland and Germany constituted the largest markets for pulley tackle and hoists powered by an electric motor exported from Slovakia worldwide, together comprising 92% of total exports. Italy lagged somewhat behind, accounting for a further 1.8%.
In 2021, the average export price for pulley tackle and hoists powered by an electric motor amounted to $20 per unit, waning by -70.7% against the previous year.
In 2021, the average import price for pulley tackle and hoists powered by an electric motor amounted to $552 per unit, shrinking by -39.3% against the previous year.
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