Brazil: Crane Market 2024

Crane Market Size in Brazil

The Brazilian crane market amounted to $X in 2022, surging by 3.7% against the previous year. Overall, consumption, however, continues to indicate a abrupt slump. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Crane Production in Brazil

In value terms, crane production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible setback. The most prominent rate of growth was recorded in 2014 with an increase of 6.6% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Crane Exports

Exports from Brazil

In 2022, the amount of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane exported from Brazil contracted significantly to X units, dropping by -21.6% compared with the previous year. Over the period under review, exports, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2014 with an increase of 201% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, crane exports contracted to $X in 2022. In general, exports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2014 with an increase of 205% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Argentina (X units) was the main destination for crane exports from Brazil, with a 38% share of total exports. Moreover, crane exports to Argentina exceeded the volume sent to the second major destination, Chile (X units), twofold. The third position in this ranking was held by Angola (X units), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to Argentina amounted to +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+13.8% per year) and Angola (-2.7% per year).

In value terms, Argentina ($X) remains the key foreign market for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane exports from Brazil, comprising 42% of total exports. The second position in the ranking was held by Chile ($X), with a 20% share of total exports. It was followed by Uruguay, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina stood at +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+12.9% per year) and Uruguay (+15.4% per year).

Export Prices by Country

The average crane export price stood at $X per unit in 2022, surging by 26% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 59% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Germany ($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 Ecuador (+3.1%), while the prices for the other major destinations experienced a decline.

Crane Imports

Imports into Brazil

In 2022, approx. X units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were imported into Brazil; growing by 34% on the previous year. In general, imports, however, faced a deep slump. The pace of growth was the most pronounced in 2020 when imports increased by 131%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, crane imports skyrocketed to $X in 2022. Overall, imports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 when imports increased by 125%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and Austria (X units) were the main suppliers of crane imports to Brazil, with a combined 78% share of total imports. Poland, Sweden, the Netherlands, Italy, South Korea and the United States lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +72.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Austria ($X) were the largest crane suppliers to Brazil, with a combined 77% share of total imports. South Korea, Poland, Sweden, Italy, the Netherlands and the United States lagged somewhat behind, together accounting for a further 16%.

Poland, with a CAGR of +72.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average crane import price stood at $X per unit in 2022, shrinking by -1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2015 an increase of 30%. The import price peaked at $X per unit in 2018; however, from 2019 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 South Korea ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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