Australia and Oceania: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Australia and Oceania

The overhead travelling crane market in Australia and Oceania contracted to $X in 2022, which is down by -12.4% against the previous year. The total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -15.5% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Overhead Travelling Crane Production in Australia and Oceania

In value terms, overhead travelling crane production rose sharply to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.9% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 67%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Overhead Travelling Crane Exports

Exports in Australia and Oceania

In 2022, the amount of overhead travelling cranes on fixed support exported in Australia and Oceania surged to X units, with an increase of 39% against the previous year. Overall, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by 214% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, overhead travelling crane exports soared to $X in 2022. Over the period under review, exports posted a slight increase. The most prominent rate of growth was recorded in 2020 when exports increased by 158% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X units) represented roughly 99% of total exports in 2022.

Australia was also the fastest-growing in terms of the overhead travelling cranes on fixed support exports, with a CAGR of +22.8% from 2012 to 2022. Australia (+57 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest overhead travelling crane supplier in Australia and Oceania.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +7.5%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, remaining constant against the previous year. In general, the export price saw a drastic downturn. The growth pace was the most rapid in 2015 an increase of 86%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -12.5% per year.

Overhead Travelling Crane Imports

Imports in Australia and Oceania

Overhead travelling crane imports dropped remarkably to X units in 2022, falling by -66.8% on the year before. Overall, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 147% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, overhead travelling crane imports fell rapidly to $X in 2022. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 49%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, New Zealand (X units) was the key importer of overhead travelling cranes on fixed support, constituting 58% of total imports. Australia (X units) took a 29% share (based on physical terms) of total imports, which put it in second place, followed by Papua New Guinea (5.8%). The following importers - Fiji (X units) and New Caledonia (X units) - each reached a 5.1% share of total imports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +21.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest overhead travelling crane importing markets in Australia and Oceania were New Zealand ($X), Australia ($X) and Papua New Guinea ($X), with a combined 89% share of total imports.

Among the main importing countries, New Zealand, with a CAGR of +8.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, surging by 50% against the previous year. Overall, the import price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when the import price increased by 77%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Caledonia (+3.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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