Australia and Oceania: Truck Crane Market 2024

Truck Crane Market Size in Australia and Oceania

The truck crane market in Australia and Oceania surged to $X in 2021, rising by 63% against the previous year. Over the period under review, consumption showed a remarkable increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Truck Crane Production in Australia and Oceania

In value terms, truck crane production contracted sharply to $X in 2021 estimated in export price. Overall, production faced a dramatic setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 23%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Truck Crane Exports

Exports in Australia and Oceania

In 2021, overseas shipments of truck cranes increased by 82% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 147% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, truck crane exports skyrocketed to $X in 2021. In general, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 88%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, accounting for X units, which was near 94% of total exports in 2021. New Zealand (X units) and Papua New Guinea (X units) followed a long way behind the leaders.

Exports from Australia increased at an average annual rate of +15.9% from 2012 to 2021. At the same time, New Zealand (+17.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +17.6% from 2012-2021. By contrast, Papua New Guinea (-5.3%) illustrated a downward trend over the same period. Australia (+20 p.p.) significantly strengthened its position in terms of the total exports, while Papua New Guinea saw its share reduced by -8.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest truck crane supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was held by New Zealand ($X), with a 3.6% share of total exports.

In Australia, truck crane exports increased at an average annual rate of +13.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (+25.8% per year) and Papua New Guinea (-4.5% per year).

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, dropping by -1.6% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 100% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Papua New Guinea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+7.0%), while the other leaders experienced mixed trends in the export price figures.

Truck Crane Imports

Imports in Australia and Oceania

In 2021, the amount of truck cranes imported in Australia and Oceania skyrocketed to X units, with an increase of 74% against the year before. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2018 when imports increased by 233% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, truck crane imports skyrocketed to $X in 2021. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 127% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Australia prevails in imports structure, resulting at X units, which was near 92% of total imports in 2021. It was distantly followed by New Zealand (X units), constituting a 6.7% share of total imports.

Australia was also the fastest-growing in terms of the truck cranes imports, with a CAGR of +71.7% from 2012 to 2021. At the same time, New Zealand (+15.4%) displayed positive paces of growth. From 2012 to 2021, the share of Australia increased by +92 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported truck cranes in Australia and Oceania, comprising 91% of total imports. The second position in the ranking was held by New Zealand ($X), with a 6.7% share of total imports.

In Australia, truck crane imports increased at an average annual rate of +45.8% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, which is down by -14% against the previous year. Overall, the import price saw a deep slump. The pace of growth was the most pronounced in 2017 when the import price increased by 17%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-9.0%).

Source: IndexBox Platform

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