Italy: Crane Market 2024

Crane Market Size in Italy

The Italian crane market fell significantly to $X in 2022, with a decrease of -41% against the previous year. Overall, consumption, however, continues to indicate a resilient increase. As a result, consumption reached the peak level of $X, and then shrank significantly in the following year.

Crane Production in Italy

In value terms, crane production shrank to $X in 2022 estimated in export price. In general, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.2% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of 23%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Crane Exports

Exports from Italy

In 2022, overseas shipments of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane increased by 2% to X units, rising for the second consecutive year after two years of decline. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 12% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, crane exports contracted slightly to $X in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 17% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units), Germany (X units) and the United States (X units) were the main destinations of crane exports from Italy, together comprising 38% of total exports. Canada, Austria, Albania, Belgium, the Netherlands, the UK, Switzerland, Israel, Poland and Australia lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Albania (with a CAGR of +31.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crane exported from Italy were France ($X), Germany ($X) and the United States ($X), with a combined 34% share of total exports. Austria, Canada, the Netherlands, the UK, Belgium, Australia, Israel, Switzerland, Poland and Albania lagged somewhat behind, together accounting for a further 34%.

Albania, with a CAGR of +30.2%, recorded the highest rates of growth with regard to 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

The average crane export price stood at $X per unit in 2022, dropping by -5.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 7.7% against the previous year. The export price peaked at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Albania ($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 Switzerland (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into Italy

In 2022, approx. X units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were imported into Italy; with an increase of 3.3% against the previous year's figure. Over the period under review, imports posted a resilient increase. The growth pace was the most rapid in 2016 when imports increased by 65%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, crane imports rose sharply to $X in 2022. In general, imports posted resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 64% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of crane to Italy, accounting for a 40% share of total imports. Moreover, crane imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X units), fourfold. The third position in this ranking was taken by Switzerland (X units), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+7.0% per year) and Switzerland (+20.7% per year).

In value terms, Germany ($X) constituted the largest supplier of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane to Italy, comprising 47% of total imports. The second position in the ranking was held by Austria ($X), with a 17% share of total imports. It was followed by Sweden, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+8.2% per year) and Sweden (+48.6% per year).

Import Prices by Country

The average crane import price stood at $X per unit in 2022, rising by 4.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 15%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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