SADC: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in SADC

In 2022, the SADC overhead travelling crane market increased by 362% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption showed a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Overhead Travelling Crane Production in SADC

In value terms, overhead travelling crane production contracted to $X in 2022 estimated in export price. The total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +9.7% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 45% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Overhead Travelling Crane Exports

Exports in SADC

In 2022, shipments abroad of overhead travelling cranes on fixed support increased by 82% to X units, rising for the third year in a row after four years of decline. Over the period under review, exports showed buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 144%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, overhead travelling crane exports skyrocketed to $X in 2022. In general, exports enjoyed moderate growth. The growth pace was the most rapid in 2015 when exports increased by 86% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Africa was the largest exporting country with an export of around X units, which accounted for 75% of total exports. It was distantly followed by Lesotho (X units) and Tanzania (X units), together committing a 24% share of total exports.

Exports from South Africa increased at an average annual rate of +13.3% from 2012 to 2022. At the same time, Lesotho (+65.8%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing exporter exported in SADC, with a CAGR of +65.8% from 2012-2022. Tanzania experienced a relatively flat trend pattern. From 2012 to 2022, the share of Lesotho and South Africa increased by +13 and +13 percentage points, respectively.

In value terms, South Africa ($X) emerged as the largest overhead travelling crane supplier in SADC, comprising 61% of total exports. The second position in the ranking was taken by Lesotho ($X), with a 25% share of total exports.

In South Africa, overhead travelling crane exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Lesotho (+60.9% per year) and Tanzania (+13.2% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, reducing by -20.2% against the previous year. Over the period under review, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when the export price increased by 60%. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lesotho ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+14.1%), while the other leaders experienced a decline in the export price figures.

Overhead Travelling Crane Imports

Imports in SADC

In 2022, imports of overhead travelling cranes on fixed support in SADC skyrocketed to X units, growing by 1,606% on the year before. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, overhead travelling crane imports surged to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mozambique (X units) represented roughly 95% of total imports in 2022.

Mozambique was also the fastest-growing in terms of the overhead travelling cranes on fixed support imports, with a CAGR of +71.9% from 2012 to 2022. While the share of Mozambique (+91 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mozambique ($X) constitutes the largest market for imported overhead travelling cranes on fixed support in SADC.

In Mozambique, overhead travelling crane imports expanded at an average annual rate of +65.8% over the period from 2012-2022.

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, waning by -84.3% against the previous year. Overall, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2015 when the import price increased by 41%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Mozambique.

From 2012 to 2022, the rate of growth in terms of prices for Mozambique amounted to -3.5% per year.

Source: IndexBox Platform