United Kingdom: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in the UK

The UK overhead travelling crane market soared to $X in 2022, increasing by 248% against the previous year. In general, consumption showed a resilient increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Overhead Travelling Crane Production in the UK

In value terms, overhead travelling crane production contracted to $X in 2022 estimated in export price. Overall, production saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Overhead Travelling Crane Exports

Exports from the UK

In 2022, shipments abroad of overhead travelling cranes on fixed support increased by 28% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 94%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, overhead travelling crane exports rose modestly to $X in 2022. Over the period under review, exports, however, faced a deep reduction. The pace of growth appeared the most rapid in 2015 when exports increased by 11% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for overhead travelling crane exports from the UK, accounting for a 40% share of total exports. Moreover, overhead travelling crane exports to the United States exceeded the volume sent to the second major destination, Turkey (X units), fivefold. The third position in this ranking was taken by Italy (X units), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +49.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+22.7% per year) and Italy (+23.1% per year).

In value terms, the United States ($X) emerged as the key foreign market for overhead travelling cranes on fixed support exports from the UK, comprising 32% of total exports. The second position in the ranking was held by Turkey ($X), with a 6.1% share of total exports. It was followed by Germany, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +40.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+17.0% per year) and Germany (+0.1% per year).

Export Prices by Country

In 2022, the average overhead travelling crane export price amounted to $X per unit, waning by -18.8% against the previous year. Over the period under review, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 54%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per unit) and Germany ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) and Egypt ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-3.0%), while the prices for the other major destinations experienced a decline.

Overhead Travelling Crane Imports

Imports into the UK

In 2022, imports of overhead travelling cranes on fixed support into the UK soared to X units, increasing by 744% on the year before. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, overhead travelling crane imports soared to $X in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Switzerland (X units), France (X units) and Spain (X units) were the main suppliers of overhead travelling crane imports to the UK, with a combined 89% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +366.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Switzerland ($X) and Spain ($X) were the largest overhead travelling crane suppliers to the UK, with a combined 85% share of total imports.

Switzerland, with a CAGR of +542.4%, saw the highest growth rate of 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

In 2022, the average overhead travelling crane import price amounted to $X per unit, with a decrease of -32.2% against the previous year. In general, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by 86%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Switzerland (+41.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :