Scandinavia: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Scandinavia

The Scandinavia overhead travelling crane market fell rapidly to $X in 2022, reducing by -42% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then declined remarkably in the following year.

Overhead Travelling Crane Production in Scandinavia

In value terms, overhead travelling crane production reduced to $X in 2022 estimated in export price. Over the period under review, production posted a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 304% against the previous year. Over the period under review, production attained the maximum level at $X in 2021, and then fell in the following year.

Overhead Travelling Crane Exports

Exports in Scandinavia

In 2022, overseas shipments of overhead travelling cranes on fixed support were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, overhead travelling crane exports surged to $X in 2022. In general, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland prevails in exports structure, recording X units, which was approx. 88% of total exports in 2022. It was distantly followed by Norway (X units), generating a 9.2% share of total exports. Sweden (X units) took a relatively small share of total exports.

Finland was also the fastest-growing in terms of the overhead travelling cranes on fixed support exports, with a CAGR of +42.6% from 2012 to 2022. At the same time, Norway (+39.5%) and Sweden (+29.0%) displayed positive paces of growth. From 2012 to 2022, the share of Finland increased by +6.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) remains the largest overhead travelling crane supplier in Scandinavia, comprising 87% of total exports. The second position in the ranking was taken by Norway ($X), with a 9.9% share of total exports.

In Finland, overhead travelling crane exports increased at an average annual rate of +16.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (+8.2% per year) and Sweden (+5.2% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, dropping by -54.5% against the previous year. Overall, the export price faced a abrupt curtailment. The pace of growth was the most pronounced in 2015 when the export price increased by 69% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while Finland ($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 (-18.5%), while the other leaders experienced a decline in the export price figures.

Overhead Travelling Crane Imports

Imports in Scandinavia

In 2022, imports of overhead travelling cranes on fixed support in Scandinavia dropped to X units, falling by -14.3% on the year before. In general, imports, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2017 with an increase of 266%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, overhead travelling crane imports shrank rapidly to $X in 2022. Over the period under review, imports, however, posted pronounced growth. The pace of growth appeared the most rapid in 2017 with an increase of 173%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Sweden (X units) and Norway (X units) were the key importers of overhead travelling cranes on fixed support in 2022, accounting for near 42% and 41% of total imports, respectively. It was distantly followed by Finland (X units), mixing up a 17% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +28.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest overhead travelling crane importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Finland, with a CAGR of +23.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, declining by -3.8% against the previous year. Over the period under review, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 60% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform