Eastern Europe: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Eastern Europe

The East European overhead travelling crane market skyrocketed to $X in 2022, picking up by 36% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Overhead Travelling Crane Production in Eastern Europe

In value terms, overhead travelling crane production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 16%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Overhead Travelling Crane Exports

Exports in Eastern Europe

In 2022, shipments abroad of overhead travelling cranes on fixed support decreased by -16.6% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 54% against the previous year. The volume of export peaked at X units in 2021, and then dropped notably in the following year.

In value terms, overhead travelling crane exports reduced notably to $X in 2022. Total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 67%. The level of export peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

The Czech Republic was the key exporter of overhead travelling cranes on fixed support in Eastern Europe, with the volume of exports reaching X units, which was near 40% of total exports in 2022. Russia (X units) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (9.6%), Lithuania (7.5%), Poland (6.1%), Estonia (5.9%) and Bulgaria (5.1%). Ukraine (X units) followed a long way behind the leaders.

The Czech Republic was also the fastest-growing in terms of the overhead travelling cranes on fixed support exports, with a CAGR of +23.5% from 2012 to 2022. At the same time, Hungary (+17.1%), Russia (+14.6%), Estonia (+6.4%), Lithuania (+5.6%) and Bulgaria (+1.1%) displayed positive paces of growth. By contrast, Poland (-1.1%) and Ukraine (-9.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Czech Republic, Russia and Hungary increased by +30, +5.9 and +5.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest overhead travelling crane supplier in Eastern Europe, comprising 45% of total exports. The second position in the ranking was held by Russia ($X), with a 21% share of total exports. It was followed by Hungary, with a 14% share.

In the Czech Republic, overhead travelling crane exports expanded at an average annual rate of +18.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (+9.6% per year) and Hungary (+17.1% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, approximately equating the previous year. In general, the export price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 8.8%. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per unit), while Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (-0.1%), while the other leaders experienced a decline in the export price figures.

Overhead Travelling Crane Imports

Imports in Eastern Europe

In 2022, supplies from abroad of overhead travelling cranes on fixed support decreased by -15.9% to X units, falling for the third year in a row after three years of growth. Overall, imports recorded a perceptible decline. The pace of growth appeared the most rapid in 2015 with an increase of 44% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, overhead travelling crane imports declined to $X in 2022. Over the period under review, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of 17%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X units) and Slovakia (X units) represented roughly 46% of total imports in 2022. Poland (X units) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Romania (11%), Estonia (11%), Belarus (6.9%) and Lithuania (5%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Slovakia (with a CAGR of +24.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported overhead travelling cranes on fixed support in Eastern Europe, comprising 60% of total imports. The second position in the ranking was taken by Slovakia ($X), with an 11% share of total imports. It was followed by Poland, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at -9.7%. In the other countries, the average annual rates were as follows: Slovakia (+2.5% per year) and Poland (+0.2% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, approximately equating the previous year. In general, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+4.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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