Slovakia: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Slovakia

In 2022, the Slovak overhead travelling crane market increased by 42% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +66.7% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Overhead Travelling Crane Production in Slovakia

In value terms, overhead travelling crane production declined markedly to $X in 2022 estimated in export price. Overall, production showed a pronounced slump. The pace of growth was the most pronounced in 2016 when the production volume increased by 85% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Overhead Travelling Crane Exports

Exports from Slovakia

In 2022, shipments abroad of overhead travelling cranes on fixed support decreased by -15.5% to X units, falling for the second consecutive year after three years of growth. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,900%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, overhead travelling crane exports shrank remarkably to $X in 2022. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of 1,537%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Serbia (X units) was the main destination for overhead travelling crane exports from Slovakia, accounting for a 71% share of total exports. Moreover, overhead travelling crane exports to Serbia exceeded the volume sent to the second major destination, Hungary (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Serbia totaled +103.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+4.1% per year) and Cuba (0.0% per year).

In value terms, Serbia ($X) remains the key foreign market for overhead travelling cranes on fixed support exports from Slovakia, comprising 79% of total exports. The second position in the ranking was taken by Hungary ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Serbia totaled +86.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-10.2% per year) and Cuba (0.0% per year).

Export Prices by Country

In 2022, the average overhead travelling crane export price amounted to $X per unit, reducing by -30.8% against the previous year. In general, the export price faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Cuba ($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 Russia (+1.8%), while the prices for the other major destinations experienced a decline.

Overhead Travelling Crane Imports

Imports into Slovakia

In 2022, overseas purchases of overhead travelling cranes on fixed support increased by 52% to X units, rising for the second year in a row after two years of decline. In general, imports showed significant growth. The growth pace was the most rapid in 2013 when imports increased by 339%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, overhead travelling crane imports surged to $X in 2022. Over the period under review, imports showed a notable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 307%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Finland (X units), Germany (X units) and the Czech Republic (X units) were the main suppliers of overhead travelling crane imports to Slovakia, with a combined 54% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +42.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) constituted the largest supplier of overhead travelling cranes on fixed support to Slovakia, comprising 22% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports. It was followed by the Czech Republic, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Finland amounted to +50.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.1% per year) and the Czech Republic (-3.2% per year).

Import Prices by Country

In 2022, the average overhead travelling crane import price amounted to $X per unit, growing by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2014 an increase of 111% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Hungary ($X per unit), while the price for Germany ($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 (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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