Spain: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Spain

The Spanish overhead travelling crane market soared to $X in 2022, growing by 317% against the previous year. Overall, consumption saw resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Overhead Travelling Crane Production in Spain

In value terms, overhead travelling crane production soared to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 24% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Overhead Travelling Crane Exports

Exports from Spain

For the ninth year in a row, Spain recorded growth in overseas shipments of overhead travelling cranes on fixed support, which increased by 22% to X units in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 78% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, overhead travelling crane exports contracted to $X in 2022. Over the period under review, exports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 45%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units), Denmark (X units) and Portugal (X units) were the main destinations of overhead travelling crane exports from Spain, together comprising 40% of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +119.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), the UK ($X) and Portugal ($X) were the largest markets for overhead travelling crane exported from Spain worldwide, with a combined 41% share of total exports.

Among the main countries of destination, Denmark, with a CAGR of +131.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average overhead travelling crane export price stood at $X per unit in 2022, shrinking by -22.2% against the previous year. In general, the export price saw a sharp decrease. The most prominent rate of growth was recorded in 2014 an increase of 5.4% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 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 Uruguay ($X per unit), while the average price for exports to the Dominican Republic ($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 Denmark (-17.8%), while the prices for the other major destinations experienced a decline.

Overhead Travelling Crane Imports

Imports into Spain

In 2022, the amount of overhead travelling cranes on fixed support imported into Spain shrank remarkably to X units, with a decrease of -31.8% compared with the year before. Over the period under review, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by 129% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, overhead travelling crane imports declined remarkably to $X in 2022. Overall, imports, however, posted a notable increase. The pace of growth was the most pronounced in 2020 with an increase of 126%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest overhead travelling crane supplier to Spain, with a 73% share of total imports. Moreover, overhead travelling crane imports from Germany exceeded the figures recorded by the second-largest supplier, Portugal (X units), ninefold. The third position in this ranking was held by Switzerland (X units), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+25.9% per year) and Switzerland (+71.0% per year).

In value terms, Germany ($X) constituted the largest supplier of overhead travelling cranes on fixed support to Spain, comprising 77% of total imports. The second position in the ranking was held by Portugal ($X), with an 8.9% share of total imports. It was followed by Switzerland, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+18.4% per year) and Switzerland (+98.3% per year).

Import Prices by Country

The average overhead travelling crane import price stood at $X per unit in 2022, reducing by -9.9% against the previous year. Overall, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 7.1%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+10.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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