South Africa: Crane Market 2024

Crane Market Size in South Africa

The South African crane market contracted slightly to $X in 2022, falling by -2.5% against the previous year. Overall, consumption saw a mild reduction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Crane Production in South Africa

In value terms, crane production dropped modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 100%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Crane Exports

Exports from South Africa

Crane exports from South Africa contracted slightly to X units in 2022, approximately reflecting the previous year. Over the period under review, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 with an increase of 96% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, crane exports rose significantly to $X in 2022. Overall, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2018 when exports increased by 111%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Namibia (X units), Zimbabwe (X units) and the Netherlands (X units) were the main destinations of crane exports from South Africa, with a combined 45% share of total exports. Zambia, Democratic Republic of the Congo, Botswana, Angola, Pakistan, Lesotho, Mozambique, Mali, Switzerland and Ghana lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mali (with a CAGR of +44.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crane exported from South Africa were Namibia ($X), Zimbabwe ($X) and the Netherlands ($X), with a combined 43% share of total exports.

The Netherlands, with a CAGR of +25.7%, saw 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

In 2022, the average crane export price amounted to $X per unit, rising by 11% against the previous year. In general, the export price, however, showed a pronounced slump. The growth pace was the most rapid in 2015 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to Switzerland ($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 Ghana (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into South Africa

In 2022, overseas purchases of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane decreased by -6.3% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2020 when imports increased by 71%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, crane imports expanded modestly to $X in 2022. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 63%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and Namibia (X units) were the main suppliers of crane imports to South Africa, with a combined 53% 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 Namibia (with a CAGR of +20.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Germany ($X) and China ($X) appeared to be the largest crane suppliers to South Africa, with a combined 49% share of total imports.

Among the main suppliers, Namibia, with a CAGR of +32.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crane import price stood at $X per unit in 2022, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2013 when the average import price increased by 20% against the previous year. The import price peaked 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 Namibia ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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