Switzerland: Truck Crane Market 2023

Truck Crane Market Size in Switzerland

The Swiss truck crane market skyrocketed to $X in 2021, increasing by 15% against the previous year. In general, consumption, however, showed a abrupt setback. Truck crane consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Truck Crane Production in Switzerland

In value terms, truck crane production declined remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 250% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Truck Crane Exports

Exports from Switzerland

In 2021, the amount of truck cranes exported from Switzerland fell remarkably to X units, reducing by -21.4% compared with 2020 figures. Over the period under review, exports recorded a noticeable descent. The pace of growth was the most pronounced in 2018 when exports increased by 31% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, truck crane exports dropped markedly to $X in 2021. In general, exports recorded a mild downturn. The most prominent rate of growth was recorded in 2018 with an increase of 93% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), the UK (X units) and Serbia (X units) were the main destinations of truck crane exports from Switzerland, with a combined 4.8% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +122.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for truck cranes exports from Switzerland, comprising 43% of total exports. The second position in the ranking was held by Italy ($X), with a 14% share of total exports. It was followed by the UK, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+0.2% per year) and the UK (+275.2% per year).

Export Prices by Country

In 2021, the average truck crane export price amounted to $X per unit, rising by 5% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.2% 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 export price increased by +29.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 47%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to North Macedonia ($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 the UK (+90.2%), while the prices for the other major destinations experienced more modest paces of growth.

Truck Crane Imports

Imports into Switzerland

In 2021, purchases abroad of truck cranes was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, showed a mild reduction. The growth pace was the most rapid in 2017 with an increase of 31%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, truck crane imports expanded significantly to $X in 2021. In general, imports, however, saw a mild descent. The pace of growth appeared the most rapid in 2017 when imports increased by 55% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of truck crane to Switzerland, with a 4.1% share of total imports. Moreover, truck crane imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Austria (X units) ranked third in terms of total imports with a 0.8% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.7% per year) and Austria (-10.2% per year).

In value terms, Germany ($X) constituted the largest supplier of truck cranes to Switzerland, comprising 69% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total imports. It was followed by Italy, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.1% per year) and Italy (+9.6% per year).

Import Prices by Country

The average truck crane import price stood at $X per unit in 2021, with an increase of 5.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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