United Kingdom: Crane Market Overview 2020

Crane Market Size in the UK

The revenue of the crane market in the UK amounted to $X in 2018, remaining relatively unchanged against the previous year. Overall, crane consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. In that year, the crane market reached its peak level of $X. From 2010 to 2018, the growth of the crane market remained at a somewhat lower figure.

Crane Production in the UK

In value terms, crane production stood at $X in 2018 estimated in export prices. Over the period under review, crane production continues to indicate a measured decline. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Crane production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Crane Exports

Exports from the UK

In 2018, approx. X units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were exported from the UK; shrinking by -X% against the previous year. Over the period under review, crane exports continue to indicate a deep slump. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, crane exports attained their peak figure at X units in 2010; however, from 2011 to 2018, exports failed to regain their momentum.

In value terms, crane exports amounted to $X in 2018. Overall, crane exports continue to indicate a deep drop. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. In that year, crane exports attained their peak of $X. From 2011 to 2018, the growth of crane exports remained at a somewhat lower figure.

Exports by Country

India (X units) was the main destination for crane exports from the UK, with a X% share of total exports. Moreover, crane exports to India exceeded the volume sent to the second major destination, China (X units), threefold. The third position in this ranking was occupied by the U.S. (X units), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to India stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and the U.S. (+X% per year).

In value terms, the largest markets for crane exported from the UK were Kuwait ($X), the U.S. ($X) and China ($X), together comprising X% of total exports. Algeria, the United Arab Emirates, Norway, India, Switzerland, Mauritius, Chile, Malaysia and Belarus lagged somewhat behind, together comprising a further X the main countries of destination, Algeria experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average crane export price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the crane export price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. In that year, the average export prices for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane attained their peak level of $X per unit. From 2017 to 2018, the growth in terms of the average export prices for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane failed to regain its momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced a decline.

Crane Imports

Imports into the UK

In 2018, the imports of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane into the UK totaled X units, jumping by X% against the previous year. In general, crane imports continue to indicate a strong increase. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. In that year, crane imports reached their peak of X units. From 2010 to 2018, the growth of crane imports remained at a somewhat lower figure.

In value terms, crane imports amounted to $X in 2018. Over the period under review, crane imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Over the period under review, crane imports attained their maximum at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the United Arab Emirates (X units) was the main crane supplier to the UK, accounting for a X% share of total imports. It was followed by China (X units), with a X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Australia (+X% per year).

In value terms, China ($X) constituted the largest supplier of crane to the UK, comprising X% of total crane imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports.

From 2007 to 2018, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

In 2018, the average crane import price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the crane import price continues to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. Over the period under review, the average import prices for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane reached their maximum at $X per unit in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform