Austria: Crane Market 2024

Crane Market Size in Austria

The Austrian crane market shrank notably to $X in 2022, falling by -22.5% against the previous year. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.7% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Crane Production in Austria

In value terms, crane production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 39%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Crane Exports

Exports from Austria

In 2022, approx. X units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were exported from Austria; dropping by -3.4% on the previous year's figure. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 19%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, crane exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 15% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined modestly in the following year.

Exports by Country

The United States (X units), Germany (X units) and France (X units) were the main destinations of crane exports from Austria, with a combined 45% share of total exports. Canada, Italy, Spain, Switzerland, Sweden, Poland, the UK, the Netherlands, Finland and Belgium lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +21.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and France ($X) constituted the largest markets for crane exported from Austria worldwide, with a combined 42% share of total exports. Canada, the UK, Italy, Spain, Sweden, Poland, Switzerland, the Netherlands, Belgium and Finland lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, Spain, with a CAGR of +16.6%, saw the highest rates of growth with regard to 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

In 2022, the average crane export price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 6.2%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood 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 the UK ($X per unit), while the average price for exports to Switzerland ($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 Canada (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into Austria

Crane imports into Austria surged to X units in 2022, with an increase of 21% against 2021. Over the period under review, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 85% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, crane imports dropped remarkably to $X in 2022. Overall, imports showed a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 76% against the previous year. Imports peaked at $X in 2021, and then fell dramatically in the following year.

Imports by Country

Germany (X units), Italy (X units) and Switzerland (X units) were the main suppliers of crane imports to Austria, with a combined 81% share of total imports. France, Poland, the Netherlands and Denmark lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +54.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest crane suppliers to Austria were Germany ($X), Italy ($X) and France ($X), with a combined 82% share of total imports. Denmark, Poland, the Netherlands and Switzerland lagged somewhat behind, together accounting for a further 11%.

Among the main suppliers, Denmark, with a CAGR of +48.9%, recorded the highest rates of growth with regard to the value of imports, 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, which is down by -34.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 an increase of 77%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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