Northern America: Truck Crane Market 2022

Truck Crane Market Size in Northern America

In 2021, after four years of growth, there was significant decline in the North American truck crane market, when its value decreased by -8.5% to $X. The total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then declined in the following year.

Truck Crane Production in Northern America

In value terms, truck crane production contracted to $X in 2021 estimated in export price. In general, production, however, saw a perceptible increase. The growth pace was the most rapid in 2018 when the production volume increased by 59% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Truck Crane Exports

Exports in Northern America

In 2021, overseas shipments of truck cranes increased by 39% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2018 with an increase of 68%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, truck crane exports contracted to $X in 2021. Overall, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 104% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the United States (X units) was the key exporter of truck cranes, achieving 62% of total exports. It was distantly followed by Canada (X units), making up a 38% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Canada (with a CAGR of +19.3%).

In value terms, the United States ($X) remains the largest truck crane supplier in Northern America, comprising 93% of total exports. The second position in the ranking was taken by Canada ($X), with a 7.1% share of total exports.

In the United States, truck crane exports plunged by an average annual rate of -5.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, falling by -35.7% against the previous year. In general, the export price continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2013 an increase of 24% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2020, and then dropped dramatically in the following year.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.2%).

Truck Crane Imports

Imports in Northern America

Truck crane imports rose rapidly to X units in 2021, increasing by 14% on the previous year. In general, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 40%. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, truck crane imports rose remarkably to $X in 2021. Overall, imports, however, recorded a pronounced descent. The growth pace was the most rapid in 2018 when imports increased by 44%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Canada (X units) was the main importer of truck cranes, making up 62% of total imports. It was distantly followed by the United States (X units), committing a 37% share of total imports.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of -7.6%).

In value terms, the United States ($X) constitutes the largest market for imported truck cranes in Northern America, comprising 77% of total imports. The second position in the ranking was held by Canada ($X), with a 23% share of total imports.

In the United States, truck crane imports plunged by an average annual rate of -1.6% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, shrinking by -6% against the previous year. Import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, truck crane import price increased by +44.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 53%. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.1%).

Source: IndexBox Market Intelligence Platform

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