Italy: Truck Crane Market 2022

Truck Crane Market Size in Italy

The Italian truck crane market was estimated at $X in 2021, approximately reflecting the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -17.7% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Truck Crane Production in Italy

In value terms, truck crane production amounted to $X in 2021 estimated in export price. Over the period under review, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -40.2% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of 51% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Truck Crane Exports

Exports from Italy

In 2021, approx. X units of truck cranes were exported from Italy; with a decrease of -3.2% against 2020 figures. Overall, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 22% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, truck crane exports surged to $X in 2021. Over the period under review, exports continue to indicate a deep slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X units), Algeria (X units) and the United Arab Emirates (X units) were the main destinations of truck crane exports from Italy, with a combined 37% share of total exports. These countries were followed by Austria, Libya, Egypt, Morocco, Spain, Romania, Switzerland, Germany, Bangladesh and Poland, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were in Bangladesh (with a CAGR of +17.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Bangladesh ($X) and Germany ($X) were the largest markets for truck crane exported from Italy worldwide, with a combined 35% share of total exports.

Bangladesh, with a CAGR of +21.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average truck crane export price amounted to $X per unit, jumping by 57% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Truck Crane Imports

Imports into Italy

In 2021, approx. X units of truck cranes were imported into Italy; picking up by 2.2% on the year before. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by 144% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, truck crane imports soared to $X in 2021. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 90% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Germany (X units) constituted the largest truck crane supplier to Italy, accounting for a 45% share of total imports. Moreover, truck crane imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. Romania (X units) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+54.8% per year) and Romania (+21.4% per year).

In value terms, Germany ($X) constituted the largest supplier of truck crane to Italy, comprising 89% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 6.1% share of total imports. It was followed by Romania, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+56.1% per year) and Romania (+30.5% per year).

Import Prices by Country

In 2021, the average truck crane import price amounted to $X per unit, increasing by 49% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 164% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+471.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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