The Spanish lifting equipment market shrinks to $X in 2021, down -X% year-on-year. Overall, total consumption has grown significantly from 2012 to 2021: its value has grown at an average annual rate of +X% over the past nine years. However, the trend pattern indicated that some significant fluctuations were recorded throughout the analysis period. According to 2021 data, consumption has increased by +X% compared to the 2019 index. Lifting equipment consumption peaked at $X in 2018; however, consumption is at a lower level from 2019 to 2021.
In value terms, hoisting equipment production is estimated to contract to $X at export prices in 2021. Overall, however, production continued to show resilient growth. The fastest growth rate in 2013, an increase of X% year-on-year. Lifting equipment production peaked at $X in 2018; however, production remained low from 2019 to 2021.
The size of Spain’s lifting equipment exports
In 2021, overseas shipments of lifting equipment finally picked up, reaching X units for the first time since 2018, ending a two-year downward trend. Overall, however, there has been a sharp decline in exports. The most significant growth rate occurred in 2018, with an increase of X%. During the period under review, exports reached a maximum of X units in 2012; however, from 2013 to 2021, exports remained at a low level.
In terms of value, hoisting equipment exports surged to $X in 2021. However, during the period under review, exports showed a relatively flat trend pattern. Exports peaked at $X in 2013; however, from 2014 to 2021, export volumes were at lower levels.
Peru (unit X), Chile (unit X) and France (unit X) are the main destinations for Spanish hoisting equipment exports, together accounting for X% of total exports. The UK, Russia, Germany, Jordan, Morocco, Guinea, Japan, the US, Colombia and Portugal are slightly behind, adding X more from 2012 to 2021, with the largest increase being Guinea (+X% CAGR) , while other leaders saw more modest growth in shipments.
In terms of value, the United Kingdom ($X) became the main foreign market for Spanish lifting equipment exports, accounting for X% of total exports. In second place is Peru ($X) with X% of total exports. It is followed by France with an X% share.
Average annual growth in value to the UK from 2012 to 2021 is +X%. Exports to other major destinations recorded the following average annual export growth rates: Peru (+X% per annum) and France (+X% per annum).
Import scale of lifting equipment in Spain
In 2021, foreign supply of lifting equipment increased by X% to X units for the first time since 2018, ending a two-year downward trend. Overall, imports increased significantly. The fastest growth was recorded in 2014, with imports increasing by X%. As a result, imports peaked at X units. Import growth momentum failed to recover from 2015 to 2021.
Lifting equipment imports jumped to $X in 2021 in value terms. During the period under review, imports showed a relatively stable trend pattern. The most significant growth rate occurred in 2014, with an increase of X%. As a result, imports peaked at X dollars. Import growth will remain low between 2015 and 2021.
In 2021, China (X units) is the largest supplier of lifting equipment to Spain, accounting for X% of total imports. In addition, imports of lifting equipment from China were three times higher than the figures recorded by the second largest supplier, the Netherlands (X units). The United Kingdom (X units) ranks third with X% of total imports.
From 2012 to 2021, the average annual growth rate of Chinese exports totals +X%. The average annual growth rates of imports for the remaining supplier countries are as follows: Netherlands (-X% per annum) and United Kingdom (+X% per annum).
By value, Spain’s largest suppliers of lifting equipment are Austria ($X), Slovenia ($X) and the United Kingdom ($X), which together account for X% of total imports. Among the major suppliers, Slovenia, with a CAGR of +X%, had the highest import value growth rate during the period under review, while other leaders saw more modest growth in procurement.
Statistics of various crane suppliers in Spain
Spain’s largest suppliers of lifting equipment by value are Austria, Slovenia and the United Kingdom, accounting for 51% of total imports.
In terms of value, the UK emerged as the main foreign market for Spanish lifting equipment exports, accounting for 27% of total exports. In second place is Peru, with 11% of total exports. It is followed by France with a share of 8.7%.
The average export price of lifting equipment in 2021 is US$3,187 per unit, an increase of 54% over the previous year.
The average import price of lifting equipment in 2021 is $2,557 per unit, up 26% from the previous year.
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