EU: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in the EU

The EU overhead travelling crane market surged to $X in 2022, picking up by 103% against the previous year. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded 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 the EU

In value terms, overhead travelling crane production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild decrease. The most prominent rate of growth was recorded in 2013 with an increase of 22%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Overhead Travelling Crane Exports

Exports in the EU

In 2022, the amount of overhead travelling cranes on fixed support exported in the European Union surged to X units, rising by 58% compared with 2021 figures. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 79% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, overhead travelling crane exports surged to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 31%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain was the largest exporting country with an export of around X units, which recorded 36% of total exports. It was distantly followed by Finland (X units), the Netherlands (X units), Germany (X units) and France (X units), together creating a 49% share of total exports. The following exporters - Italy (X units) and the Czech Republic (X units) - each recorded a 5.9% share of total exports.

Exports from Spain increased at an average annual rate of +30.3% from 2012 to 2022. At the same time, the Netherlands (+42.8%), Finland (+42.6%), the Czech Republic (+23.5%), France (+21.5%), Germany (+8.2%) and Italy (+3.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +42.8% from 2012-2022. While the share of Spain (+21 p.p.), Finland (+14 p.p.) and the Netherlands (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Italy (-10 p.p.) and Germany (-18.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), Germany ($X) and Spain ($X) were the countries with the highest levels of exports in 2022, with a combined 41% share of total exports. The Netherlands, France, the Czech Republic and Finland lagged somewhat behind, together accounting for a further 44%.

In terms of the main exporting countries, the Czech Republic, with a CAGR of +18.1%, 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 export price in the European Union amounted to $X per unit, reducing by -23.4% against the previous year. Over the period under review, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2014 when the export price increased by 5.7%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.6%), while the other leaders experienced a decline in the export price figures.

Overhead Travelling Crane Imports

Imports in the EU

In 2022, overseas purchases of overhead travelling cranes on fixed support increased by 175% to X units, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, overhead travelling crane imports amounted to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 30%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands prevails in imports structure, recording X units, which was approx. 74% of total imports in 2022. Germany (X units) held the second position in the ranking, followed by France (X units). All these countries together took approx. 12% share of total imports. The following importers - Sweden (X units) and Slovakia (X units) - each resulted at a 3.7% share of total imports.

The Netherlands was also the fastest-growing in terms of the overhead travelling cranes on fixed support imports, with a CAGR of +44.8% from 2012 to 2022. At the same time, Slovakia (+24.3%), Germany (+20.9%), Sweden (+5.3%) and France (+2.5%) displayed positive paces of growth. From 2012 to 2022, the share of the Netherlands increased by +63 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest overhead travelling crane importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), with a combined 59% share of total imports.

Germany, with a CAGR of +16.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, with a decrease of -62.6% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when the import price increased by 6%. The level of import peaked 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 France ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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