Cranes; Tower Cranes Price in the UK - 2023
Contents:
- Cranes; Tower Cranes Price in the UK (CIF) - 2023
- Cranes; Tower Cranes Price in the UK (FOB) - 2022
- Cranes; Tower Cranes Imports in the UK
- Cranes; Tower Cranes Exports in the UK
Cranes; Tower Cranes Price in the UK (CIF) - 2023
In June 2023, the average cranes; tower cranes import price amounted to $123K per unit, approximately reflecting the previous month. Over the last twelve months, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 29% m-o-m. As a result, import price attained the peak level of $123K per unit, leveling off in the following month.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were the Netherlands ($124K per unit) and Ireland ($123K per unit), while the price for Spain ($123K per unit) and Germany ($123K per unit) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Cranes; Tower Cranes Price in the UK (FOB) - 2022
In 2022, the average cranes; tower cranes export price amounted to $38,817 per unit, declining by -15.2% against the previous year. In general, the export price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2015 an increase of 82%. The export price peaked at $45,821 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($39,349 per unit) and Germany ($39,314 per unit), while the average price for exports to Australia ($36,066 per unit) and Canada ($38,333 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 Norway (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.
Cranes; Tower Cranes Imports in the UK
In 2022, imports of cranes; tower craneses into the UK fell sharply to 825 units, with a decrease of -27.6% against 2021. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 130%. As a result, imports attained the peak of 1.1K units, and then reduced remarkably in the following year.
In value terms, cranes; tower cranes imports contracted to $66M in 2022. Over the period under review, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, imports hit record highs at $98M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Cranes; Tower Cranes in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 44.5 | 19.2 | 30.8 | 25.2 | -17.3% |
| Spain | 19.0 | 14.9 | 21.8 | 17.9 | -2.0% |
| France | 20.0 | 9.5 | 9.7 | 10.4 | -19.6% |
| Germany | 4.8 | 7.3 | 7.3 | 6.0 | 7.7% |
| Netherlands | 4.0 | 1.0 | 0.1 | 1.4 | -29.5% |
| Sweden | 3.3 | 0.8 | 1.0 | 1.4 | -24.9% |
| Ireland | 0.1 | 1.4 | 1.5 | 1.2 | 128.9% |
| Others | 2.6 | 3.7 | 2.9 | 2.9 | 3.7% |
| Total | 98.3 | 57.7 | 75.2 | 66.5 | -12.2% |
Top Suppliers of Cranes; Tower Cranes to the UK in 2022:
- Italy (303.0 units)
- Spain (222.0 units)
- France (124.0 units)
- Germany (69.0 units)
- Netherlands (35.0 units)
- Sweden (24.0 units)
- Ireland (19.0 units)
Cranes; Tower Cranes Exports in the UK
In 2022, shipments abroad of cranes; tower craneses decreased by -23.3% to 554 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 99% against the previous year. As a result, the exports attained the peak of 722 units, and then reduced notably in the following year.
In value terms, cranes; tower cranes exports fell notably to $22M in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 232% against the previous year. As a result, the exports attained the peak of $33M, and then fell dramatically in the following year.
| Export of Cranes; Tower Cranes in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | 0.1 | 9.8 | 7.3 | 754.4% |
| Ireland | N/A | 0.7 | 4.3 | 3.3 | 117.1% |
| France | 0.6 | 2.3 | 3.5 | 2.6 | 63.0% |
| Netherlands | 1.3 | 1.8 | 3.5 | 2.6 | 26.0% |
| Germany | N/A | N/A | 3.5 | 2.6 | -25.7% |
| Canada | 0.4 | 1.1 | 0.7 | 0.7 | 20.5% |
| Australia | 0.2 | 1.9 | 0.3 | 0.7 | 51.8% |
| Norway | 4.0 | 0.2 | N/A | N/A | -95.0% |
| Switzerland | N/A | N/A | 2.8 | N/A | 0% |
| Others | 3.0 | 1.9 | 4.7 | 1.7 | -17.2% |
| Total | 9.4 | 10.0 | 33.0 | 21.5 | 31.8% |
Top Export Markets for Cranes; Tower Cranes from the UK in 2022:
- Belgium (188.0 units)
- Ireland (83.0 units)
- France (67.0 units)
- Netherlands (66.0 units)
- Germany (66.0 units)
- Australia (20.0 units)
- Canada (18.0 units)
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