Switzerland: Truck Crane Market 2022

Truck Crane Market Size in Switzerland

In 2021, the Swiss truck crane market decreased by -83.6% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption saw a sharp contraction. Truck crane consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Truck Crane Exports

Exports from Switzerland

In 2021, truck crane exports from Switzerland shrank sharply to X units, reducing by -70.1% against the previous year. Over the period under review, exports showed a slight decline. The growth pace was the most rapid in 2020 when exports increased by 142% against the previous year. As a result, the exports reached the peak of X units, and then contracted markedly in the following year.

In value terms, truck crane exports shrank markedly to $X in 2021. Overall, exports showed a mild slump. The growth pace was the most rapid in 2020 when exports increased by 42%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

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, together comprising 57% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +122.4%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for truck crane exports from Switzerland, comprising 43% of total exports. The second position in the ranking was taken by Italy ($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, with an increase of 176% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: 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, overseas purchases of truck cranes decreased by -80.7% to X units for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2017 when imports increased by 99% against the previous year. Over the period under review, imports hit record highs at X units in 2020, and then fell notably in the following year.

In value terms, truck crane imports contracted rapidly to $X in 2021. In general, imports showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 with an increase of 26%. 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 truck crane supplier to Switzerland, with a 51% 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 10% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -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 ($X) constituted the largest supplier of truck crane to Switzerland, comprising 69% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total imports. It was followed by Italy, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -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

In 2021, the average truck crane import price amounted to $X per unit, growing by 293% against the previous year. Over the period under review, the import price showed strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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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