Which Country Exports the Most Derricks and Cranes in the World?
Lifting And Handling Equipment May 28, 2018
IndexBox has just published a new report "World: Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers And Work Trucks Fitted With A Crane - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.
In 2016, the amount of crane imported worldwide amounted to 4M tonnes, descending by -3.5% against the previous year level. In general, crane imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, an increase of 14% from the previous year level. Global crane import peaked of 4.6M tonnes in 2008- however, from 2009 to 2016, it stood at a somewhat lower level.
In value terms, crane imports totaled $13B in 2016. Overall, crane imports continue to indicate a relatively flat trend pattern. In that year, global crane imports attained its maximum level of $17B. From 2009 to 2016, growth of global crane imports stood at a somewhat lower level.
Top Crane Importing Countries in the World
1. USA (1,433.0 million USD)
2. Singapore (734.7 million USD)
3. India (552.4 million USD)
4. South Korea (458.0 million USD)
5. Germany (384.3 million USD)
6. Indonesia (359.2 million USD)
7. United Arab Emirates (309.3 million USD)
8. China (268.7 million USD)
9. Austria (228.8 million USD)
10. Italy (186.0 million USD)
11. Japan (141.8 million USD)
12. Spain (118.3 million USD)
Crane Imports By Country
In 2016, China (667K tonnes), distantly followed by Japan (345K tonnes), Germany (285K tonnes), the U.S. (261K tonnes), and Italy (239K tonnes) represented the largest importers of crane, together comprising 45% of total imports. Spain (119K tonnes), South Korea (103K tonnes), Indonesia (101K tonnes), Singapore (100K tonnes), Austria (80K tonnes), India (79K tonnes), and United Arab Emirates (77K tonnes) occupied the slight share of total imports.
From 2007 to 2016, the most notable growth rate of crane imports, among the main importing countries, was attained by Indonesia (+19.2% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the U.S. ($1.4B), Singapore ($735M) and India ($552M) were the countries with the highest levels of imports in 2016, together comprising 21% of global imports. These countries were followed by South Korea, Germany, Indonesia, United Arab Emirates, China, Austria, Italy, Japan and Spain, which together accounted for a further 19%.
Indonesia (+20.1% per year) had the highest growth rate of crane imports, in terms of the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.
Crane Import Prices By Country
In 2016, the average import price for crane amounted to $3,309 per tonne, lowering by -6.9% against the previous year. In general, crane import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when import increased by 16% y-o-y. In that year, average crane import price reached its maximum level of $3,797 per tonne. From 2009 to 2016, growth of average crane import price stood at a somewhat lower level.
Import prices varied noticeably by country of destination. the country with the highest import prices was Singapore ($7,348 per tonne), while China ($403 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of crane import prices was attained by Japan (+7.5% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global crane market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- crane market share
- crane prices
- crane industry
- crane sales
- crane import
- crane export
- crane market forecast
- crane price forecast
- key crane producers
All data provided in this article covers the following product: HS Code 8426 - Derricks, cranes, including cable cranes, mobile lifting frames, straddle carriers and works trucks fitted with a crane.
