Australia and Oceania: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in Australia and Oceania

In 2021, the transporter and bridge cranes market in Australia and Oceania decreased by -0.1% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, continues to indicate a slight descent. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in Australia and Oceania

In value terms, transporter and bridge cranes production stood at $X in 2021 estimated in export price. Over the period under review, production posted strong growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 110% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports in Australia and Oceania

In 2021, approx. X units of transporter cranes, gantry cranes and bridge cranes were exported in Australia and Oceania; picking up by 17% on the previous year. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +39.5% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 53% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, transporter and bridge cranes exports skyrocketed to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +12.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +58.5% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 64%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Papua New Guinea was the main exporter of transporter cranes, gantry cranes and bridge cranes in Australia and Oceania, with the volume of exports finishing at X units, which was approx. 87% of total exports in 2021. It was distantly followed by Australia (X units), comprising an 11% share of total exports.

Papua New Guinea was also the fastest-growing in terms of the transporter cranes, gantry cranes and bridge cranes exports, with a CAGR of +14.6% from 2012 to 2021. Australia (-7.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Papua New Guinea increased by +34 percentage points.

In value terms, Papua New Guinea ($X) remains the largest transporter and bridge cranes supplier in Australia and Oceania, comprising 90% of total exports. The second position in the ranking was held by Australia ($X), with a 9.8% share of total exports.

In Papua New Guinea, transporter and bridge cranes exports increased at an average annual rate of +20.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, approximately mirroring the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2013 an increase of 23%. The level of export peaked at $X per unit in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+4.7%).

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded decline in purchases abroad of transporter cranes, gantry cranes and bridge cranes, which decreased by -14.3% to X units in 2021. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 953% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, transporter and bridge cranes imports reduced rapidly to $X in 2021. In general, imports showed a abrupt slump. The growth pace was the most rapid in 2018 when imports increased by 723%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Australia dominates imports structure, finishing at X units, which was near 91% of total imports in 2021. It was distantly followed by Papua New Guinea (X units), generating a 6.2% share of total imports.

Australia was also the fastest-growing in terms of the transporter cranes, gantry cranes and bridge cranes imports, with a CAGR of -8.9% from 2012 to 2021. Papua New Guinea (-15.3%) illustrated a downward trend over the same period. While the share of Australia (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Papua New Guinea (-5.4 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported transporter cranes, gantry cranes and bridge cranes in Australia and Oceania, comprising 93% of total imports. The second position in the ranking was taken by Papua New Guinea ($X), with a 4.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to -8.0%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, waning by -3.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by 19% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per unit), while Papua New Guinea amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.9%).

Source: IndexBox Platform

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