Sweden: Crane Market 2024

Crane Market Size in Sweden

The Swedish crane market shrank rapidly to $X in 2022, with a decrease of -23.3% against the previous year. In general, consumption, however, showed a prominent increase. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted notably in the following year.

Crane Production in Sweden

In value terms, crane production dropped to $X in 2022 estimated in export price. Overall, production showed a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 136% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Crane Exports

Exports from Sweden

In 2022, shipments abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 23%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, crane exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 25%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), Norway (X units) and Italy (X units) were the main destinations of crane exports from Sweden, with a combined 36% share of total exports. France, Finland, Cote d'Ivoire, the UK, the Netherlands, Egypt, Malaysia, Hong Kong SAR, the United States and Poland lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +15.0%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), France ($X) and Germany ($X) appeared to be the largest markets for crane exported from Sweden worldwide, together comprising 39% of total exports. Finland, Italy, the UK, the Netherlands, Malaysia, Cote d'Ivoire, the United States, Poland, Hong Kong SAR and Egypt lagged somewhat behind, together accounting for a further 41%.

Egypt, with a CAGR of +20.7%, saw the highest growth rate of 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, growing by 8.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 an increase of 28%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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 Finland ($X per unit), while the average price for exports to Egypt ($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 Finland (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into Sweden

In 2022, imports of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane into Sweden contracted to X units, waning by -9.4% compared with the previous year. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by 51%. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, crane imports plummeted to $X in 2022. Over the period under review, imports, however, saw buoyant growth. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. As a result, imports reached the peak of $X, and then shrank significantly in the following year.

Imports by Country

Germany (X units), Spain (X units) and Finland (X units) were the main suppliers of crane imports to Sweden, together comprising 47% of total imports. Austria, the Netherlands, France, Poland, Norway, Italy, Denmark, Japan, the UK and China lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +40.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crane suppliers to Sweden were Austria ($X), Germany ($X) and Finland ($X), together accounting for 50% of total imports. Spain, the Netherlands, Poland, France, Japan, Italy, Denmark, Norway, the UK and China lagged somewhat behind, together comprising a further 45%.

France, with a CAGR of +48.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, waning by -10.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 25%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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