France: Crane Market 2024

Crane Market Size in France

In 2022, the French crane market increased by 161% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, showed a deep downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Crane Production in France

In value terms, crane production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% 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 2013 with an increase of 56%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Crane Exports

Exports from France

In 2022, shipments abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane increased by 19% to X units, rising for the second year in a row after two years of decline. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.3% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by 42%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, crane exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units), Germany (X units) and the UK (X units) were the main destinations of crane exports from France, together accounting for 45% of total exports. The Netherlands, Switzerland, Spain, Italy, Sweden, Israel, the United States, Norway, Austria and Bulgaria lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +75.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crane exported from France were the UK ($X), Germany ($X) and Belgium ($X), with a combined 50% share of total exports. Switzerland, the United States, the Netherlands, Israel, Spain, Sweden, Norway, Italy, Austria and Bulgaria lagged somewhat behind, together accounting for a further 28%.

Among the main countries of destination, Bulgaria, with a CAGR of +47.0%, recorded 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 average crane export price amounted to $X per unit, rising by 2.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Bulgaria ($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 Israel (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into France

In 2022, the amount of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane imported into France declined to X units, which is down by -5.7% against 2021 figures. Over the period under review, imports, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2015 with an increase of 45%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, crane imports fell to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.3% against 2014 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 24%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Germany (X units), Italy (X units) and Indonesia (X units) were the main suppliers of crane imports to France, with a combined 59% share of total imports. China, Austria, Portugal, Spain, Sweden, Belgium, Poland and the UK lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +41.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest crane suppliers to France were Germany ($X), Italy ($X) and Austria ($X), with a combined 56% share of total imports. Sweden, Poland, China, Spain, the UK, Indonesia, Belgium and Portugal lagged somewhat behind, together comprising a further 34%.

In terms of the main suppliers, Indonesia, with a CAGR of +577.6%, saw the highest growth rate of 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

The average crane import price stood at $X per unit in 2022, dropping by -2.9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 26% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Austria ($X per unit), while the price for Portugal ($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 (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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