Ireland: Crane Market 2024

Crane Market Size in Ireland

The Irish crane market fell rapidly to $X in 2022, waning by -20.2% against the previous year. Overall, consumption, however, continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X, and then fell notably in the following year.

Crane Production in Ireland

In value terms, crane production declined to $X in 2022 estimated in export price. In general, production saw a abrupt decrease. The growth pace was the most rapid in 2017 when the production volume increased by 99%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Crane Exports

Exports from Ireland

In 2022, overseas shipments of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2017 when exports increased by 88% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

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

Exports by Country

The United States (X units), Saudi Arabia (X units) and Turkey (X units) were the main destinations of crane exports from Ireland, with a combined 56% share of total exports. Tanzania, the UK, Canada and Egypt lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +63.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crane exported from Ireland were the United States ($X), Saudi Arabia ($X) and Tanzania ($X), together accounting for 54% of total exports. Turkey, Egypt, the UK, Canada, Russia and Chile lagged somewhat behind, together comprising a further 32%.

Among the main countries of destination, Canada, with a CAGR of +104.2%, 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 crane export price amounted to $X per unit, surging by 116% against the previous year. Over the period under review, the export price saw buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Chile ($X per unit), while the average price for exports to Turkey ($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 Chile (+65.7%), while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into Ireland

In 2022, approx. X units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were imported into Ireland; standing approx. at the previous year. In general, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 78% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, crane imports declined slightly to $X in 2022. Overall, imports, however, saw resilient growth. The growth pace was the most rapid in 2015 with an increase of 65%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X units) constituted the largest supplier of crane to Ireland, accounting for a 46% share of total imports. Moreover, crane imports from the UK exceeded the figures recorded by the second-largest supplier, Sweden (X units), fivefold. The third position in this ranking was held by China (X units), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+29.3% per year) and China (+78.6% per year).

In value terms, the largest crane suppliers to Ireland were the UK ($X), Sweden ($X) and China ($X), together comprising 56% of total imports. Germany, Spain, Turkey, Japan, France, Italy, the Netherlands, Austria and Belgium lagged somewhat behind, together accounting for a further 41%.

Turkey, with a CAGR of +165.6%, recorded the highest growth rate of 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 crane import price stood at $X per unit in 2022, leveling off at the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price 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, crane import price decreased by -18.6% against 2015 indices. The pace of growth was the most pronounced in 2015 an increase of 67% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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