Australia: Crane Market 2024

Crane Market Size in Australia

The Australian crane market totaled $X in 2022, surging by 8.9% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Crane Production in Australia

In value terms, crane production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient increase. The growth pace was the most rapid in 2013 with an increase of 291%. Crane production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Crane Exports

Exports from Australia

In 2022, crane exports from Australia declined modestly to X units, remaining stable against 2021. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 60% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, crane exports surged to $X in 2022. Overall, exports recorded a perceptible decline. The growth pace was the most rapid in 2014 when exports increased by 57%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X units), Canada (X units) and New Zealand (X units) were the main destinations of crane exports from Australia, with a combined 48% share of total exports. Russia, Singapore, Cote d'Ivoire, the United Arab Emirates, New Caledonia, Panama, Indonesia, India, Belgium and the United States lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +77.6%), while the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), Russia ($X) and New Zealand ($X) constituted the largest markets for crane exported from Australia worldwide, with a combined 46% share of total exports. Canada, Singapore, Cote d'Ivoire, New Caledonia, the United Arab Emirates, Panama, India, Indonesia, Belgium and the United States lagged somewhat behind, together comprising a further 42%.

Among the main countries of destination, Cote d'Ivoire, with a CAGR of +88.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crane export price stood at $X per unit in 2022, jumping by 39% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average export price increased by 80%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; afterwards, it flattened through to 2022.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per unit) and Belgium ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and Canada ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into Australia

In 2022, supplies from abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane decreased by -1.4% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a perceptible decline. The growth pace was the most rapid in 2018 with an increase of 76% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, crane imports expanded sharply to $X in 2022. In general, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2018 when imports increased by 73%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Malaysia (X units) were the main suppliers of crane imports to Australia, together accounting for 54% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +33.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest crane suppliers to Australia were China ($X), Germany ($X) and Poland ($X), with a combined 54% share of total imports. Japan, Italy, Malaysia, Austria, Denmark, the United States and Spain lagged somewhat behind, together comprising a further 37%.

Malaysia, with a CAGR of +29.4%, saw the highest rates of growth with regard to the value of imports, among 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, picking up by 13% against the previous year. Overall, the import price, however, saw a mild descent. The most prominent rate of growth was recorded in 2021 an increase of 13%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, 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 Austria ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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