Switzerland: Crane Market 2024

Crane Market Size in Switzerland

In 2022, the Swiss crane market increased by 53% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, showed a perceptible decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Crane Exports

Exports from Switzerland

In 2022, overseas shipments of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane decreased by -12.6% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 64% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then fell in the following year.

In value terms, crane exports surged to $X in 2022. Over the period under review, exports, however, saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), the UK (X units) and Portugal (X units) were the main destinations of crane exports from Switzerland, together accounting for 55% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +99.3%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane exports from Switzerland, comprising 58% of total exports. The second position in the ranking was taken by Germany ($X), with a 16% share of total exports. It was followed by Austria, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value to the UK totaled +94.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.0% per year) and Austria (-4.7% per year).

Export Prices by Country

In 2022, the average crane export price amounted to $X per unit, picking up by 132% against the previous year. Over the period under review, the export price, however, saw a pronounced decrease. The export price peaked 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Moldova ($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 Portugal (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Crane Imports

Imports into Switzerland

In 2022, supplies from abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane increased by 19% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, crane imports reached $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Germany (X units) constituted the largest crane supplier to Switzerland, accounting for a 39% share of total imports. Moreover, crane imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Portugal (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.2% per year) and Portugal (+24.8% per year).

In value terms, Germany ($X) constituted the largest supplier of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane to Switzerland, comprising 41% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports. It was followed by Austria, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.4% per year) and Austria (+0.7% per year).

Import Prices by Country

In 2022, the average crane import price amounted to $X per unit, dropping by -7.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2018 an increase of 25% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Finland ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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