Finland: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Finland

In 2022, after two years of growth, there was decline in the Finnish overhead travelling crane market, when its value decreased by -1.1% to $X. The market value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Overhead Travelling Crane Production in Finland

In value terms, overhead travelling crane production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 53%. Overhead travelling crane production peaked at $X in 2021, and then contracted in the following year.

Overhead Travelling Crane Exports

Exports from Finland

Overhead travelling crane exports from Finland surged to X units in 2022, rising by 546% on 2021 figures. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, overhead travelling crane exports skyrocketed to $X in 2022. Over the period under review, exports showed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units) was the main destination for overhead travelling crane exports from Finland, accounting for a 41% share of total exports. Moreover, overhead travelling crane exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X units), threefold. Romania (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +126.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+162.5% per year) and Romania (+73.3% per year).

In value terms, the largest markets for overhead travelling crane exported from Finland were Sweden ($X), the Netherlands ($X) and Russia ($X), together comprising 56% of total exports. Romania, the UK, Slovakia, Croatia and Slovenia lagged somewhat behind, together accounting for a further 26%.

Croatia, with a CAGR of +252.3%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 overhead travelling crane export price amounted to $X per unit, waning by -56.9% against the previous year. Over the period under review, the export price faced a deep setback. The growth pace was the most rapid in 2015 an increase of 66% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a 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 Sweden ($X per unit), while the average price for exports to the UK ($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 Saudi Arabia (+5.2%), while the prices for the other major destinations experienced a decline.

Overhead Travelling Crane Imports

Imports into Finland

In 2022, supplies from abroad of overhead travelling cranes on fixed support increased by 264% to X units for the first time since 2017, thus ending a four-year declining trend. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of 1,366% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, overhead travelling crane imports soared to $X in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 969%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Ukraine (X units) constituted the largest supplier of overhead travelling crane to Finland, with a 75% share of total imports. Moreover, overhead travelling crane imports from Ukraine exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The UK (X units) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from Ukraine was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+26.5% per year) and the UK (-16.9% per year).

In value terms, Ukraine ($X) constituted the largest supplier of overhead travelling cranes on fixed support to Finland, comprising 76% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by the UK, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.9% per year) and the UK (+12.6% per year).

Import Prices by Country

In 2022, the average overhead travelling crane import price amounted to $X per unit, rising by 165% against the previous year. Overall, the import price, however, showed a perceptible reduction. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Ukraine ($X per unit) and Germany ($X per unit), while the price for the UK ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+46.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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