In 2021, after two years of growth, the Canadian haul cranes and overhead cranes market experienced a significant decline, decreasing in value by -X% to X dollars. In general, consumption continues to indicate abrupt cuts. During the period under review, the market made an all-time high of $X in 2020 before falling sharply the following year.
In 2021, Canadian exports of haulage cranes, gantry cranes and overhead cranes fell significantly to X units, -X% less than the previous year. Overall, there was a marked decline in exports. The most significant growth rate occurred in 2019, when exports increased by X% year-on-year. As a result, exports peaked at X units. From 2020 to 2021, the growth rate of exports will remain at a low level.
In terms of value, the export of transport cranes and overhead cranes will drop rapidly to $X in 2021. During the period under review, exports continued to show a relatively stable trend pattern. The growth rate was most pronounced in 2019, with a year-on-year increase of X%. Exports peaked at $X in 2020, then declined rapidly the following year.
The United States (X units), Australia (X units) and the Netherlands (X units) were the top destinations for Canada's haulage and overhead crane exports, accounting for X% of total exports.
From 2012 to 2021, among the major destination countries, the most significant growth rate in shipments was in Australia (+X%), while other leading countries experienced declines.
In value terms, the United States ($X) remains the leading foreign market for Canadian haulage and overhead crane exports, accounting for X% of total exports. In second place is Australia ($X) with X% of total exports.
Average annual growth in value to the U.S. from 2012 to 2021 +X%. Exports to other major destinations recorded the following average annual export growth rates: Australia (+X% per annum) and the Netherlands (+X% per annum).
In 2021, after two years of growth, overseas purchases of haulage cranes, gantry cranes and overhead cranes fell significantly, with the number decreasing by -X% to X units. Overall, imports fell sharply. The most significant growth rate occurred in 2016, with a year-on-year increase of X%. During the period under review, imports hit an all-time high for X units in 2020, before falling sharply the following year.
In terms of value, the import of haulage cranes and overhead cranes dropped significantly to $X in 2021. Overall, imports continue to show a sudden pullback. The most significant growth rate was recorded in 2016, with a year-on-year increase of X%. As a result, imports peaked at X dollars. Import growth failed to regain momentum between 2017 and 2021.
In 2021, China (X units) is Canada's largest supplier of transport cranes and overhead cranes, accounting for X% of total imports. In addition, transport cranes and overhead cranes imported from China were nine times higher than the figures recorded by the second largest supplier, Ireland (X units). Italy (X units) occupies the third position in the ranking with an X% share.
From 2012 to 2021, the average annual growth rate of sales from China totals +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Ireland (+X% per annum) and Italy (+X% per annum).
By value, Canada's largest suppliers of haulage and overhead cranes are China ($X), Ireland ($X), and the United States ($X), accounting for X% of total imports. In terms of major suppliers, Ireland recorded the highest import value growth rate during the period under review, with a CAGR of +X%, while other leaders saw more modest growth in sourcing
Canada's largest suppliers of haulage and overhead cranes by value are China, Ireland and the United States, which together account for 81% of total imports.
In terms of value, the United States remains the leading foreign market for Canada's haulage and overhead crane exports, accounting for 95% of total exports. In second place was Australia, which accounted for 3.7% of total exports.
The average export price of transport cranes and overhead cranes in 2021 is $19,170 per unit, down -26.9% from the previous year.
In 2021, the average import price of transport cranes and overhead cranes will be USD 1,746 per unit, a decrease of -32.2% from the previous year.
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