Italy: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Italy

After three years of growth, the Italian overhead travelling crane market decreased by -11.3% to $X in 2022. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Overhead Travelling Crane Production in Italy

In value terms, overhead travelling crane production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2021 when the production volume increased by 7.1% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Overhead Travelling Crane Exports

Exports from Italy

In 2022, the amount of overhead travelling cranes on fixed support exported from Italy expanded to X units, surging by 3.3% against 2021 figures. Over the period under review, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -25.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 99%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, overhead travelling crane exports rose significantly to $X in 2022. Overall, exports recorded a mild expansion. The pace of growth was the most pronounced in 2013 when exports increased by 108% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units), the United States (X units) and Switzerland (X units) were the main destinations of overhead travelling crane exports from Italy, together comprising 38% of total exports. Australia, Germany, Mexico, Hong Kong SAR, Poland, Egypt, Iraq, India, Canada and Turkey lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +36.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Australia ($X) appeared to be the largest markets for overhead travelling crane exported from Italy worldwide, with a combined 37% share of total exports.

Australia, with a CAGR of +79.8%, 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

In 2022, the average overhead travelling crane export price amounted to $X per unit, picking up by 11% against the previous year. Overall, the export price, however, saw a slight slump. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Turkey ($X per unit) and Australia ($X per unit), while the average price for exports to Mexico ($X per unit) and Iraq ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Overhead Travelling Crane Imports

Imports into Italy

After three years of growth, purchases abroad of overhead travelling cranes on fixed support decreased by -80.1% to X units in 2022. Over the period under review, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by 482%. As a result, imports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, overhead travelling crane imports contracted markedly to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 499% against the previous year. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

Turkey (X units), Germany (X units) and Finland (X units) were the main suppliers of overhead travelling crane imports to Italy, together comprising 49% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +48.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest overhead travelling crane suppliers to Italy were Turkey ($X), Germany ($X) and Switzerland ($X), together comprising 50% of total imports.

Turkey, with a CAGR of +54.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average overhead travelling crane import price amounted to $X per unit, rising by 41% against the previous year. Overall, the import price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 74% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average 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 Denmark ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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