United Kingdom: Crane Market Overview 2021

Crane Market Size in the UK

The UK crane market expanded modestly to $X in 2020, increasing by X% against the previous year. Over the period under review, consumption saw a perceptible slump. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Crane Production in the UK

In value terms, crane production declined modestly to $X in 2020 estimated in export prices. Overall, production saw a pronounced setback. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% y-o-y. Over the period under review, production attained the peak level at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Crane Exports

Exports from the UK

In 2020, approx. X units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were exported from the UK; declining by -X% compared with the previous year. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. As a result, exports attained the peak of X units. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, crane exports dropped dramatically to $X in 2020. In general, exports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Colombia (X units), the Netherlands (X units) and Australia (X units) were the main destinations of crane exports from the UK, together accounting for X% of total exports. The U.S., Ireland, Belgium, Italy, Algeria, Nigeria, Iraq, Germany, France and Saudi Arabia lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq, while exports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Italy ($X) and the Netherlands ($X) constituted the largest markets for crane exported from the UK worldwide, with a combined X% share of total exports. Ireland, Belgium, Nigeria, Germany, Australia, Algeria, France, Saudi Arabia, Iraq and Colombia lagged somewhat behind, together comprising a further X the main countries of destination, Iraq recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average crane export price amounted to $X per unit, growing by X% against the previous year. Overall, export price indicated perceptible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, crane export price increased by +X% against 2014 indices. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while the average price for exports to Colombia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into the UK

Crane imports into the UK reduced remarkably to X units in 2020, which is down by -X% compared with 2019. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. As a result, imports reached the peak of X units. from 2014 to 2020, the growth imports failed to regain the momentum.

In value terms, crane imports fell remarkably to $X in 2020. In general, imports continue to indicate a mild descent. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

Germany (X units), Spain (X units) and Italy (X units) were the main suppliers of crane imports to the UK, with a combined X% share of total imports. These countries were followed by Austria, China, Finland, Ireland, the Netherlands, Poland, Belgium and the U.S., which together accounted for a further X 2007 to 2020, the biggest increases were in Poland, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Austria ($X) appeared to be the largest crane suppliers to the UK, with a combined X% share of total imports. China, Ireland, the Netherlands, Spain, Finland, Poland, the U.S. and Belgium lagged somewhat behind, together accounting for a further X the main suppliers, Poland saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crane import price stood at $X per unit in 2020, reducing by -X% against the previous year. In general, the import price, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the world?

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The countries with the highest volumes of crane consumption in 2020 were China (303K units), Belgium (191K units) and the U.S. (171K units), together accounting for 44% of global consumption. Italy, Pakistan, France, Germany, Canada, Spain, South Korea and Singapore lagged somewhat behind, together comprising a further 23%.

What are the largest producers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the world?

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The countries with the highest volumes of crane production in 2020 were China (361K units), Belgium (188K units) and the U.S. (167K units), together comprising 48% of global production. These countries were followed by Italy, Germany, Pakistan, Spain, France, Japan, Poland, South Korea, Austria and Turkey, which together accounted for a further 30%.

What are the leading suppliers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane to the UK?

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In value terms, the largest crane suppliers to the UK were Germany ($47M), Italy ($46M) and Austria ($33M), with a combined 44% share of total imports. China, Ireland, the Netherlands, Spain, Finland, Poland, the U.S. and Belgium lagged somewhat behind, together comprising a further 46%.

What are the leading importers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane from the UK?

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In value terms, the U.S. ($14M), Italy ($9.6M) and the Netherlands ($6.8M) constituted the largest markets for crane exported from the UK worldwide, together comprising 26% of total exports. These countries were followed by Ireland, Belgium, Nigeria, Germany, Australia, Algeria, France, Saudi Arabia, Iraq and Colombia, which together accounted for a further 32%.

What is the average export price for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the UK?

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The average crane export price stood at $37,971 per unit in 2020, growing by 9.6% against the previous year.

What is the average import price for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the UK?

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In 2020, the average crane import price amounted to $228,336 per unit, declining by -9.3% against the previous year.