Sweden: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Sweden

For the fifth consecutive year, the Swedish overhead travelling crane market recorded decline in sales value, which decreased by -65.9% to $X in 2022. Over the period under review, consumption saw a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Overhead Travelling Crane Production in Sweden

In value terms, overhead travelling crane production fell to $X in 2022 estimated in export price. Overall, production, however, saw a deep contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by 6.8% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Overhead Travelling Crane Exports

Exports from Sweden

In 2022, overseas shipments of overhead travelling cranes on fixed support increased by 523% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2018 when exports increased by 824%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, overhead travelling crane exports surged to $X in 2022. In general, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 270%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for overhead travelling crane exports from Sweden, accounting for a 51% share of total exports. Moreover, overhead travelling crane exports to China exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was held by Finland (X units), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +64.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+68.8% per year) and Finland (+44.3% per year).

In value terms, China ($X) emerged as the key foreign market for overhead travelling cranes on fixed support exports from Sweden, comprising 53% of total exports. The second position in the ranking was held by the United States ($X), with a 10% share of total exports. It was followed by Germany, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +31.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.9% per year) and Germany (+37.4% per year).

Export Prices by Country

In 2022, the average overhead travelling crane export price amounted to $X per unit, dropping by -58.4% against the previous year. Over the period under review, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 229%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Estonia ($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 Bosnia and Herzegovina (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Overhead Travelling Crane Imports

Imports into Sweden

In 2022, overseas purchases of overhead travelling cranes on fixed support decreased by -29.9% to X units, falling for the fourth year in a row after two years of growth. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 169% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, overhead travelling crane imports rose sharply to $X in 2022. Over the period under review, imports, however, enjoyed a slight increase. The pace of growth appeared the most rapid in 2017 when imports increased by 150%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of overhead travelling crane to Sweden, with a 87% share of total imports. Moreover, overhead travelling crane imports from Germany exceeded the figures recorded by the second-largest supplier, Norway (X units), more than tenfold. The Czech Republic (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+4.5% per year) and the Czech Republic (+18.8% per year).

In value terms, Germany ($X) constituted the largest supplier of overhead travelling cranes on fixed support to Sweden, comprising 88% of total imports. The second position in the ranking was taken by Norway ($X), with a 3.5% share of total imports. It was followed by the Czech Republic, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+0.8% per year) and the Czech Republic (+18.9% per year).

Import Prices by Country

The average overhead travelling crane import price stood at $X per unit in 2022, rising by 61% against the previous year. Overall, the import price, however, showed a pronounced curtailment. The import price 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 supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($X per unit) and Spain ($X per unit), while the price for Finland ($X per unit) and the Czech Republic ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+75.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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