Greece: Crane Market Overview 2021

Crane Market Size in Greece

The Greek crane market declined to $X in 2020, shrinking by -X% against the previous year. Over the period under review, consumption recorded a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Crane consumption peaked at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Crane Production in Greece

In value terms, crane production fell to $X in 2020 estimated in export prices. Over the period under review, production saw a pronounced setback. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. from 2015 to 2020, production growth remained at a somewhat lower figure.

Crane Exports

Exports from Greece

In 2020, approx. X units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were exported from Greece; with an increase of X% on 2019. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Exports peaked at X units in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, crane exports fell to $X in 2020. Overall, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

Exports by Country

Cyprus (X units) was the main destination for crane exports from Greece, with a X% share of total exports. Moreover, crane exports to Cyprus exceeded the volume sent to the second major destination, the UK (X units), threefold. Nigeria (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Cyprus amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Nigeria (+X% per year).

In value terms, Cyprus ($X) remains the key foreign market for crane exports from Greece, comprising X% of total exports. The second position in the ranking was occupied by North Macedonia ($X), with a X% share of total exports. It was followed by Albania, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Cyprus totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+X% per year) and Albania (+X% per year).

Export Prices by Country

In 2020, the average crane export price amounted to $X per unit, waning by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a measured increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per unit in 2019, and then declined dramatically in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per unit), while the average price for exports to Nigeria ($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 North Macedonia, while the prices for the other major destinations experienced more modest paces of growth.

Crane Imports

Imports into Greece

Crane imports into Greece reduced notably to X units in 2020, dropping by -X% on the previous year. In general, imports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Imports peaked at X units in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, crane imports shrank significantly to $X in 2020. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2017 to 2020, the growth imports failed to regain the momentum.

Imports by Country

Italy (X units), the U.S. (X units) and the United Arab Emirates (X units) were the main suppliers of crane imports to Greece, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the U.S., while imports for the other leaders experienced a decline.

In value terms, Italy ($X) constituted the largest supplier of crane to Greece, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Cyprus, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Italy amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Cyprus (+X% per year).

Import Prices by Country

In 2020, the average crane import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price showed a significant increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% y-o-y. The import price peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per unit), while the price for the U.S. ($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 comprising 44% of global consumption. These countries were followed by Italy, Pakistan, France, Germany, Canada, Spain, South Korea and Singapore, which together accounted for 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), with a combined 48% share of global production. Italy, Germany, Pakistan, Spain, France, Japan, Poland, South Korea, Austria and Turkey lagged somewhat behind, together comprising a further 30%.

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

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In value terms, Italy ($5.9M) constituted the largest supplier of crane to Greece, comprising 53% of total imports. The second position in the ranking was occupied by Germany ($999K), with a 8.9% share of total imports. It was followed by Cyprus, with a 7.7% share.

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

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In value terms, Cyprus ($785K) remains the key foreign market for crane exports from Greece, comprising 32% of total exports. The second position in the ranking was occupied by North Macedonia ($364K), with a 15% share of total exports. It was followed by Albania, with a 9.9% share.

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

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The average crane export price stood at $21,811 per unit in 2020, which is down by -30.6% 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 Greece?

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The average crane import price stood at $36,084 per unit in 2020, surging by 34% against the previous year.