Chile: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Chile

The Chilean overhead travelling crane market rose to $X in 2022, surging by 2.7% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Overhead travelling crane consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Overhead Travelling Crane Production in Chile

In value terms, overhead travelling crane production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 35% against the previous year. Overhead travelling crane production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Overhead Travelling Crane Exports

Exports from Chile

After two years of growth, overseas shipments of overhead travelling cranes on fixed support decreased by -73.9% to X units in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 2,300%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, overhead travelling crane exports expanded sharply to $X in 2022. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2018 when exports increased by 1,893% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X units), Spain (X units) and Argentina (X units) were the main destinations of overhead travelling crane exports from Chile, together accounting for 83% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Uruguay ($X), Spain ($X) and Argentina ($X) were the largest markets for overhead travelling crane exported from Chile worldwide, with a combined 85% share of total exports.

Spain, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average overhead travelling crane export price stood at $X per unit in 2022, rising by 338% against the previous year. In general, the export price, however, faced a abrupt slump. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per unit), while the average price for exports to Mexico ($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 Argentina (+2.6%), while the prices for the other major destinations experienced a decline.

Overhead Travelling Crane Imports

Imports into Chile

For the fifth year in a row, Chile recorded growth in purchases abroad of overhead travelling cranes on fixed support, which increased by 3.3% to X units in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 129% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, overhead travelling crane imports declined markedly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 141%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest overhead travelling crane supplier to Chile, with a 51% share of total imports. Moreover, overhead travelling crane imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was held by Australia (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.4% per year) and Australia (+41.4% per year).

In value terms, the largest overhead travelling crane suppliers to Chile were China ($X), the United States ($X) and Germany ($X), together comprising 95% of total imports.

Among the main suppliers, China, with a CAGR of +17.7%, 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 overhead travelling crane import price amounted to $X per unit, with a decrease of -26.8% against the previous year. Overall, the import price showed a mild setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 163%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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