South Africa - Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers And Work Trucks Fitted With A Crane - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSouth Africa Experiences a Sharp Decline in Imported Cranes, Dropping to $6.9M in January 2024
South Africa Crane Imports
In January 2024, overseas purchases of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane decreased by -38.9% to 33 units for the first time since October 2023, thus ending a two-month rising trend. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 with an increase of 187% m-o-m. Imports peaked at 98 units in May 2023; however, from June 2023 to January 2024, imports failed to regain momentum.
In value terms, crane imports contracted sharply to $6.9M (IndexBox estimates) in January 2024. Overall, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in December 2023 when imports increased by 173% month-to-month. Imports peaked at 16M units in May 2023; however, from June 2023 to January 2024, imports stood at a somewhat lower figure.
| COUNTRY | Import Value of Crane in South Africa (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | |
| China | 0.9 | 0.5 | 0.1 | 1.0 | 10.6 | 0.7 | 1.2 | 1.7 | 3.9 | 1.5 | 0.5 | 0.8 | 1.1 |
| Japan | N/A | N/A | N/A | N/A | 1.7 | < 0.1 | < 0.1 | N/A | N/A | < 0.1 | 0.7 | N/A | 1.0 |
| Italy | 1.2 | 0.5 | 1.2 | 0.2 | 1.2 | 0.2 | 1.6 | 0.7 | 0.9 | 0.2 | 0.6 | 0.2 | 0.4 |
| Others | 1.6 | 1.4 | 4.6 | 4.9 | 2.6 | 2.9 | 4.5 | 1.6 | 1.7 | 1.0 | 2.2 | 10.0 | 4.5 |
| Total | 3.7 | 2.4 | 5.9 | 6.1 | 16.1 | 3.9 | 7.3 | 4.0 | 6.5 | 2.6 | 4.0 | 11.0 | 6.9 |
Imports by Country
China (7 units), Japan (6 units) and Italy (1 units) were the main suppliers of crane imports to South Africa, with a combined 42% share of total imports.
From January 2023 to January 2024, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of 0.0%), while imports for the other leaders experienced a decline.
In value terms, China ($1.1M), Japan ($975K) and Italy ($365K) were the largest crane suppliers to South Africa, together accounting for 35% of total imports.
China, with a CAGR of +2.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.
Import Prices by Country
In January 2024, the crane price stood at $209K per unit (CIF, South Africa), rising by 3% against the previous month. Over the period under review, import price indicated perceptible growth from January 2023 to January 2024: its price increased at an average monthly rate of +4.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, crane import price increased by +15.3% against November 2023 indices. The most prominent rate of growth was recorded in August 2023 an increase of 45% against the previous month. As a result, import price reached the peak level of $209M per thousand units; afterwards, it flattened through to January 2024.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was India ($287K per unit), while the price for Switzerland ($156K per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the crane market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221420 - Overhead travelling cranes on fixed support
- Prodcom 28221433 - Mobile lifting frames on tyres and straddle carriers
- Prodcom 28221435 - Transporter cranes, gantry cranes and bridge cranes
- Prodcom 28221440 - Tower cranes and portal or pedestal jib cranes
- Prodcom 28221450 - Self-propelled lifting equipment, of a kind mounted to run on rails in servicing building sites, quarries and the like
- Prodcom 28221460 - Lifting equipment designed for mounting on road vehicles
- Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
