Germany: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Germany

For the third consecutive year, the German overhead travelling crane market recorded decline in sales value, which decreased by -30.5% to $X in 2022. In general, consumption showed a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Overhead Travelling Crane Production in Germany

In value terms, overhead travelling crane production dropped modestly to $X in 2022 estimated in export price. In general, production showed a pronounced reduction. The most prominent rate of growth was recorded in 2013 with an increase of 19%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Overhead Travelling Crane Exports

Exports from Germany

In 2022, shipments abroad of overhead travelling cranes on fixed support increased by 27% to X units, rising for the third consecutive year after two years of decline. Overall, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 182%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, overhead travelling crane exports rose sharply to $X in 2022. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Austria (X units), the Netherlands (X units) and France (X units) were the main destinations of overhead travelling crane exports from Germany, with a combined 47% share of total exports. Switzerland, Sweden, Norway, Belgium, Brazil, Poland, Denmark, Russia, China and the United Arab Emirates lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +53.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for overhead travelling crane exported from Germany were Austria ($X), the Netherlands ($X) and France ($X), together comprising 46% of total exports. Switzerland, Sweden, Norway, Brazil, Belgium, Poland, Denmark, Russia, China and the United Arab Emirates lagged somewhat behind, together comprising a further 45%.

In terms of the main countries of destination, Brazil, with a CAGR of +37.8%, recorded the highest growth rate of 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 overhead travelling crane export price amounted to $X per unit, which is down by -11.3% against the previous year. In general, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 6.5%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Sweden ($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 Brazil (-10.2%), while the prices for the other major destinations experienced a decline.

Overhead Travelling Crane Imports

Imports into Germany

In 2022, overhead travelling crane imports into Germany reduced to X units, falling by -2.9% on 2021 figures. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 272% against the previous year. As a result, imports attained the peak of X units, and then dropped modestly in the following year.

In value terms, overhead travelling crane imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 480%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Finland (X units) constituted the largest overhead travelling crane supplier to Germany, with a 67% share of total imports. Moreover, overhead travelling crane imports from Finland exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), fourfold. The third position in this ranking was held by Austria (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Finland stood at +43.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+38.8% per year) and Austria (+26.1% per year).

In value terms, Finland ($X) constituted the largest supplier of overhead travelling cranes on fixed support to Germany, comprising 68% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 16% share of total imports. It was followed by Austria, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Finland stood at +151.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+34.8% per year) and Austria (+21.8% per year).

Import Prices by Country

The average overhead travelling crane import price stood at $X per unit in 2022, with an increase of 73% against the previous year. In general, the import price, however, saw a pronounced contraction. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per unit) and Austria ($X per unit), while the price for the Czech Republic ($X per unit) and Finland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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