Spain: Truck Crane Market 2022

Truck Crane Market Size in Spain

The Spanish truck crane market was estimated at $X in 2021, rising by 15% against the previous year. In general, consumption enjoyed a notable expansion. Truck crane consumption peaked in 2021 and is likely to continue growth in years to come.

Truck Crane Production in Spain

In value terms, truck crane production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 62% against the previous year. Truck crane production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Truck Crane Exports

Exports from Spain

In 2021, shipments abroad of truck cranes increased by 15% to X units, rising for the third consecutive year after five years of decline. In general, exports continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2019 with an increase of 201% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, truck crane exports fell notably to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 89% 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

France (X units) was the main destination for truck crane exports from Spain, accounting for a 34% share of total exports. Moreover, truck crane exports to France exceeded the volume sent to the second major destination, Brazil (X units), fivefold. The third position in this ranking was held by Germany (X units), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +73.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (0.0% per year) and Germany (+50.2% per year).

In value terms, the largest markets for truck crane exported from Spain were France ($X), Germany ($X) and Brazil ($X), with a combined 47% share of total exports. These countries were followed by Egypt, Oman, Sweden, Saudi Arabia, Cameroon, Georgia, Italy, Equatorial Guinea, Moldova and Paraguay, which together accounted for a further 19%.

Georgia, with a CAGR of +68.7%, recorded 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

The average truck crane export price stood at $X per unit in 2021, reducing by -51% against the previous year. Overall, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 170% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to Paraguay ($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 Oman (+34.8%), while the prices for the other major destinations experienced a decline.

Truck Crane Imports

Imports into Spain

For the tenth consecutive year, Spain recorded growth in overseas purchases of truck cranes, which increased by 16% to X units in 2021. In general, imports posted a significant expansion. The growth pace was the most rapid in 2018 when imports increased by 105%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, truck crane imports soared to $X in 2021. Over the period under review, imports enjoyed a resilient increase. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest truck crane supplier to Spain, accounting for a 29% share of total imports. Moreover, truck crane imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. The UK (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +37.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+47.5% per year) and the UK (+44.9% per year).

In value terms, Germany ($X) constituted the largest supplier of truck crane to Spain, comprising 75% of total imports. The second position in the ranking was held by Italy ($X), with an 8.2% share of total imports. It was followed by Denmark, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+20.1% per year) and Denmark (+289.6% per year).

Import Prices by Country

The average truck crane import price stood at $X per unit in 2021, with an increase of 29% against the previous year. Over the period under review, the import price, however, faced a dramatic slump. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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