Australia and Oceania: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Australia and Oceania

In 2022, the overhead travelling crane market in Australia and Oceania decreased by X% to $X, falling for the third year in a row after five years of growth. Overall, consumption, however, saw notable growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Overhead Travelling Crane Production in Australia and Oceania

In value terms, overhead travelling crane production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Overhead Travelling Crane Exports

Exports in Australia and Oceania

In 2022, approx. X units of overhead travelling cranes on fixed support were exported in Australia and Oceania; which is down by X% against the previous year's figure. Overall, exports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, overhead travelling crane exports surged to $X in 2022. In general, exports, however, showed a temperate expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Australia represented the key exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by New Zealand (X units), comprising a X% share of total exports.

Australia was also the fastest-growing in terms of the overhead travelling cranes on fixed support exports, with a CAGR of X% from 2012 to 2022. New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia increased by X percentage points.

In value terms, Australia ($X) remains the largest overhead travelling crane supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Overhead Travelling Crane Imports

Imports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded decline in purchases abroad of overhead travelling cranes on fixed support, which decreased by X% to X units in 2022. Over the period under review, imports faced a abrupt setback. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, overhead travelling crane imports plummeted to $X in 2022. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Australia (X units) and New Zealand (X units) represented roughly X% of total imports in 2022. Papua New Guinea (X units) ranks next in terms of the total imports with a X% share, followed by New Caledonia (X%). Fiji (X units), Solomon Islands (X units), French Polynesia (X units) and Micronesia (X units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by New Zealand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Australia ($X) and Papua New Guinea ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. New Caledonia, Fiji, French Polynesia, Solomon Islands and Micronesia lagged somewhat behind, together accounting for a further X%.

Solomon Islands, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price recorded a noticeable decline. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Papua New Guinea ($X per unit), while Micronesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Solomon Islands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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