Africa: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Africa

In 2022, the African overhead travelling crane market increased by 70% to $X, rising for the second consecutive year after five years of decline. Over the period under review, consumption continues to indicate resilient growth. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Overhead Travelling Crane Production in Africa

In value terms, overhead travelling crane production declined slightly to $X in 2022 estimated in export price. The total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.8% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 19%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Overhead Travelling Crane Exports

Exports in Africa

Overhead travelling crane exports skyrocketed to X units in 2022, jumping by 63% compared with the previous year's figure. In general, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2015 when exports increased by 149% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, overhead travelling crane exports surged to $X in 2022. Total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 44% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa represented the key exporting country with an export of about X units, which finished at 69% of total exports. Lesotho (X units) held the second position in the ranking, followed by Tanzania (X units). All these countries together held near 22% share of total exports. The following exporters - Ethiopia (X units) and Algeria (X units) - each resulted at a 6% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to overhead travelling crane exports from South Africa stood at +13.3%. At the same time, Lesotho (+65.8%) and Ethiopia (+17.5%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing exporter exported in Africa, with a CAGR of +65.8% from 2012-2022. Algeria and Tanzania experienced a relatively flat trend pattern. From 2012 to 2022, the share of South Africa, Lesotho and Ethiopia increased by +20, +12 and +1.6 percentage points, respectively.

In value terms, South Africa ($X) emerged as the largest overhead travelling crane supplier in Africa, comprising 55% of total exports. The second position in the ranking was taken by Lesotho ($X), with a 22% share of total exports. It was followed by Tanzania, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Lesotho (+60.9% per year) and Tanzania (+13.2% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, reducing by -20.4% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 70% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lesotho ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+14.1%), while the other leaders experienced a decline in the export price figures.

Overhead Travelling Crane Imports

Imports in Africa

In 2022, the amount of overhead travelling cranes on fixed support imported in Africa surged to X units, picking up by 383% on the previous year's figure. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 545%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, overhead travelling crane imports surged to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 40%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Mozambique dominates imports structure, accounting for X units, which was near 84% of total imports in 2022. The following importers - Kenya (X units) and Nigeria (X units) - together made up 5% of total imports.

Mozambique was also the fastest-growing in terms of the overhead travelling cranes on fixed support imports, with a CAGR of +71.9% from 2012 to 2022. At the same time, Kenya (+12.7%) and Nigeria (+7.1%) displayed positive paces of growth. While the share of Mozambique (+82 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (-1.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mozambique ($X) constitutes the largest market for imported overhead travelling cranes on fixed support in Africa, comprising 29% of total imports. The second position in the ranking was held by Nigeria ($X), with an 8.6% share of total imports.

In Mozambique, overhead travelling crane imports expanded at an average annual rate of +65.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (+0.1% per year) and Kenya (+10.8% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, dropping by -75.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 714%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (-1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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