The African crane market fell -X% to $X in 2020, falling for the second consecutive year after three years of growth. In general, consumption continues to show a perceptible decline. The rate of growth was most pronounced in 2013, when market value increased by X% over the previous year. During the period under review, the market peaked at $X in 2008; however, from 2009 to 2020, consumption was at lower levels.
In value terms, 2020 crane production is estimated to shrink slightly to $X at export prices. Overall, production recorded a significant decline. The fastest growth rate in 2008, with an X% year-on-year increase in production. As a result, production reached a peak level of X dollars. Production growth remained low from 2009 to 2020.
نيجيريا (X units) remains the largest crane producer in Africa, accounting for X% of total production. In addition, Nigeria's crane production is three times higher than the number recorded by the second largest producer, تنزانيا (X units). Third in the ranking is أوغندا (X units) with an X% share. From 2007 to 2020, Nigeria's average annual growth rate totaled +X%. Average annual production growth rates for the remaining producing countries are as follows: Tanzania (+X% per annum) and Uganda (+X% per annum).
After a two-year decline, overseas shipments of cranes, mobile cranes increased by X% to X units in 2020. Overall, exports continued to show significant growth. As a result, exports peaked and may continue to grow in the short term.
Crane exports fell sharply to $X in 2020 in value terms. Overall, there was a marked decline in exports. In 2014, the growth rate was the fastest, with an increase of X% year-on-year. Export levels peaked at $X in 2010; however, from 2011 to 2020, exports have remained low.
Nigeria dominates the crane export structure with X units, approx. X% of total exports in 2020. Benin (X units) has a relatively small share of total exports.
From 2007 to 2020, Nigeria's exports have grown at an average annual rate of +X%. Meanwhile, Benin (+X%) showed positive growth. Furthermore, Benin became the fastest growing exporter in Africa with a CAGR of +X% from 2007-2020. From 2007 to 2020, Nigeria's and Benin's shares increased by +X% and +X% percentage points, respectively, while other countries' shares remained relatively stable throughout the analysis period. In terms of value, Nigeria ($X) emerged as the largest crane supplier in Africa, accounting for X% of total exports. In second place is Benin ($X) with X% of total exports. From 2007 to 2020, Nigeria’s average annual value growth totaled +X%.
In 2020, the supply of cranes from abroad increased by X% to X units, increasing for the third consecutive year after declining for three consecutive years. Overall, however, imports continued to show a relatively flat trend pattern. The most significant growth rate occurred in 2014, when imports increased by X% over the previous year. As a result, imports peaked at X units. From 2015 to 2020, import growth remained low.
Crane imports in 2020 are worth X dollars by value. During the period under review, however, there was a marked decline in imports. In 2008, the growth rate was the fastest, with imports increasing by X% year-on-year. As a result, imports peaked at X dollars. From 2009 to 2020, import growth remained low.
In 2020, South Sudan (X units) was the leading importer of cranes, accounting for X% of total imports. جنوب أفريقيا (X units) accounted for X% of total imports (in tonnes), ranking second, followed by Togo (X%). The following importers - Nigeria (X units), مصر (X units), Benin (X units), الجزائر (X وحدة) ، Cameroon (X وحدة) ، المغرب (X الوحدات) ، Guinea-Bissau (X units) - - Co-manufacturing accounts for X% of total imports.
From 2007 to 2020, of the major importing countries, South Sudan achieved the most significant growth in purchases (+X% per annum), while other leaders saw more modest growth in imports. Nigeria ($X) is Africa's largest imported crane market by value, accounting for X% of total imports. In second place is South Africa ($X) with X% of total imports. It was followed by Algeria with an X% share. In Nigeria, crane imports remained relatively stable between 2007 and 2020. In other countries, the average annual growth rates are as follows: South Africa (-X% per year) and Algeria (-X% per year).
Nigeria ($18 million) became Africa's largest crane supplier by value, accounting for 25% of total exports. In second place is Benin ($7.9 million), which accounted for 11% of total exports.
By value, Nigeria ($180 million) is Africa's largest market for imported cranes, mobile cranes, accounting for 26% of total imports. In second place was South Africa ($75 million), which accounted for 11% of total imports. It is followed by Algeria with a share of 7.8%.
In 2020, the import price of cranes in Africa was USD 20,829 per unit, a year-on-year decrease of -30.4%.
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