Argentina: Crane Market 2024

Crane Market Size in Argentina

In 2022, the Argentinian crane market increased by 80% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a pronounced slump. Crane consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Crane Exports

Exports from Argentina

After two years of growth, shipments abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane decreased by -34.6% to X units in 2022. Over the period under review, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 246% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, crane exports shrank remarkably to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 243% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X units), Italy (X units) and Peru (X units) were the main destinations of crane exports from Argentina, with a combined 91% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +78.6%), while the other leaders experienced mixed trend patterns.

In value terms, the Dominican Republic ($X) remains the key foreign market for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane exports from Argentina, comprising 53% of total exports. The second position in the ranking was held by Chile ($X), with a 9.4% share of total exports. It was followed by Brazil, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Dominican Republic amounted to +80.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-0.3% per year) and Brazil (-0.8% per year).

Export Prices by Country

The average crane export price stood at $X per unit in 2022, flattening at the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crane export price decreased by -4.9% against 2019 indices. The growth pace was the most rapid in 2019 when the average export price increased by 50%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into Argentina

In 2022, purchases abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane increased by 76% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, showed a mild decrease. The growth pace was the most rapid in 2017 when imports increased by 104%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, crane imports soared to $X in 2022. Over the period under review, imports, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 72%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Brazil (X units) were the main suppliers of crane imports to Argentina, together accounting for 63% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +30.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest crane suppliers to Argentina were China ($X), Brazil ($X) and Italy ($X), with a combined 58% share of total imports.

Brazil, with a CAGR of +21.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average crane import price amounted to $X per unit, waning by -6.2% against the previous year. In general, the import price saw a slight shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 44% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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