Greece: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Greece

The Greek overhead travelling crane market skyrocketed to $X in 2022, increasing by 93% against the previous year. In general, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +139.8% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Overhead Travelling Crane Production in Greece

In value terms, overhead travelling crane production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 165%. Overhead travelling crane production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Overhead Travelling Crane Exports

Exports from Greece

In 2022, overseas shipments of overhead travelling cranes on fixed support increased by 1,600% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a strong 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 soared to $X in 2022. Overall, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 236%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Turkey (X units) and North Macedonia (X units) were the main destinations of overhead travelling crane exports from Greece, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +71.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), North Macedonia ($X) and Germany ($X) constituted the largest markets for overhead travelling crane exported from Greece worldwide, with a combined 84% share of total exports.

North Macedonia, with a CAGR of +34.9%, recorded the highest growth rate of the value of exports, in terms of 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

The average overhead travelling crane export price stood at $X per unit in 2022, which is down by -91.2% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 49%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Turkey ($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 Italy (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Overhead Travelling Crane Imports

Imports into Greece

In 2022, the amount of overhead travelling cranes on fixed support imported into Greece declined rapidly to X units, shrinking by -30% against the year before. Overall, imports, however, saw buoyant growth. The growth pace was the most rapid in 2019 with an increase of 480%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, overhead travelling crane imports skyrocketed to $X in 2022. In general, imports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 894% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Denmark (X units) were the main suppliers of overhead travelling crane imports to Greece, with a combined 79% share of total imports. Moreover, overhead travelling crane imports in China exceeded the figures recorded by the second-largest supplier, Italy, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +73.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest overhead travelling crane suppliers to Greece were Italy ($X), Denmark ($X) and Bulgaria ($X), with a combined 88% share of total imports. China, Germany, Turkey and the Netherlands lagged somewhat behind, together accounting for a further 12%.

China, with a CAGR of +84.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average overhead travelling crane import price stood at $X per unit in 2022, picking up by 71% against the previous year. Overall, the import price, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 when the average import price increased by 144% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a 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 Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :