EU: Market for Tower Cranes And Portal Or Pedestal Jib Cranes 2024

Market Size for Tower Cranes And Portal Or Pedestal Jib Cranes in the EU

The EU tower and portal cranes market contracted to $X in 2023, waning by X% against the previous year. Over the period under review, consumption showed a slight decline. The level of consumption peaked at $X in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

Production of Tower Cranes And Portal Or Pedestal Jib Cranes in the EU

In value terms, tower and portal cranes production dropped slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

Exports of Tower Cranes And Portal Or Pedestal Jib Cranes

Exports in the EU

Tower and portal cranes exports shrank to X units in 2023, declining by X% against the year before. In general, exports saw a slight decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, tower and portal cranes exports dropped modestly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X; afterwards, it flattened through to 2023.

Exports by Country

In 2023, Germany (X units) and Italy (X units) represented the main exporters of tower cranes and portal or pedestal jib cranes in the European Union, together comprising X% of total exports. Spain (X units) held the next position in the ranking, followed by France (X units) and the Netherlands (X units). All these countries together took near X% share of total exports. Belgium (X units), Latvia (X units), Portugal (X units), Poland (X units) and Estonia (X units) took a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest tower and portal cranes supplying countries in the European Union were Germany ($X), Italy ($X) and Spain ($X), together accounting for X% of total exports. France, the Netherlands, Portugal, Belgium, Poland, Latvia and Estonia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Latvia, with a CAGR of X%, saw 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

The export price in the European Union stood at $X per unit in 2023, with an increase of X% against the previous year. Export price indicated a moderate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, tower and portal cranes export price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Portugal ($X per unit), while Estonia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the other leaders experienced more modest paces of growth.

Imports of Tower Cranes And Portal Or Pedestal Jib Cranes

Imports in the EU

In 2023, tower and portal cranes imports in the European Union expanded to X units, growing by X% against 2022. Total imports indicated perceptible growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports attained the peak of X units. From 2019 to 2023, the growth of imports failed to regain momentum.

In value terms, tower and portal cranes imports rose to $X in 2023. Total imports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Belgium (X units), Italy (X units), the Netherlands (X units), France (X units), Spain (X units) and Portugal (X units) represented roughly X% of total imports in 2023. Ireland (X units), Austria (X units), Romania (X units), Poland (X units), Bulgaria (X units) and Lithuania (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Ireland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tower and portal cranes importing markets in the European Union were Germany ($X), Belgium ($X) and the Netherlands ($X), together accounting for X% of total imports. Italy, France, Spain, Austria, Ireland, Portugal, Lithuania, Romania, Poland and Bulgaria lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Ireland, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the import price in the European Union amounted to $X per unit, approximately mirroring the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform