The Italian Overhead Crane Market will reach X dollars in 2021, an increase of X% over the previous year. During the period under review, consumption increased significantly. Overhead crane consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.
In value terms, the production of overhead cranes rose significantly in 2021 to an estimated $X at export prices. During the period under review, total production showed moderate growth from 2012 to 2021: its value has grown at an average annual rate of +X% over the past nine years. However, the trend pattern indicated that some significant fluctuations were recorded throughout the analysis period. Based on 2021 data, production is down -X% compared to the 2018 index. The fastest growth in 2018, with an X% year-on-year increase in production. As a result, production reached a peak level of X dollars. From 2019 to 2021, production growth will remain at a low level.
In 2021, the export of transport cranes, gantry cranes and overhead cranes from Italia fell to X units, which is -X% lower than the previous year. During the period under review, exports declined sharply. The most significant growth rate occurred in 2015, with an X% year-over-year increase. Exports peaked at X units in 2016; however, exports have remained low from 2017 to 2021.
In value terms, overhead crane exports fell significantly to $X in 2021. Overall, exports suffered a severe setback. The fastest growth rate in 2018, with a year-on-year increase of X%. Exports peaked at $X in 2016; however, from 2017 to 2021, exports were at lower levels.
Arabia Saudita (X units) is the main destination for Italian bridge crane exports, accounting for X% of total exports. In addition, twice as many overhead cranes were exported to Saudi Arabia as to Mozambique, the second main destination (X units). Third in the ranking is Albania (X unidades) con un X% de participación.
From 2012 to 2021, the average annual growth rate of shipments to Saudi Arabia totals +X%. Exports to other major destinations recorded the following average annual export growth rates: Mozambique (+X% per annum) and Albania (+X% per annum).
By value, the largest markets for overhead cranes exported from Italy were Francia ($X), Saudi Arabia ($X) and Mozambique ($X), representing X% of total exports. This is followed by China, Alemania, Estados Unidos, Czech Republic, Suiza, Nigeria, Marruecos, Albania, Libya, and Bosnia and Herzegovina, which together add up to X major destination countries, China, with a CAGR of +X %, export value grew at the highest rate during the period under review, while the other leaders saw more modest growth in shipments.
In 2021, foreign supply of haulage cranes, gantry cranes and overhead cranes fell -X% to X units, the third consecutive year of decline after two consecutive years of growth. Overall, however, imports recorded significant growth. The fastest growth rate in 2015, an increase of X% year-on-year. Imports peaked at X units in 2018; however, imports remain low from 2019 to 2021.
Imports of overhead cranes soar to $X by value in 2021. But overall, imports continued to grow significantly. The most significant growth rate occurred in 2015, when imports increased by X% year-on-year. Imports peaked in 2021 and are expected to keep growing in the near future.
Germany (X units), China (X units) and Austria (X units) are the main suppliers of Italian imported overhead cranes, accounting for X% of total imports. From 2012 to 2021, among major suppliers, China recorded the most significant growth in purchases (+X%), while other leaders saw more modest growth in imports.
Germany ($X) is the largest supplier of overhead cranes to Italy by value, accounting for X% of total imports. In second place is China ($X) with X% of total imports. It is followed by Austria with an X% share. From 2012 to 2021, the average annual growth rate of values from Germany is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: China (+X% per annum) and Austria (+X% per annum).
Germany is Italy's largest supplier of overhead cranes by value, accounting for 56% of total imports. In second place is China, which accounts for 23% of total imports. This is followed by Austria with a 16% share.
In value terms, France, Saudi Arabia and Mozambique constitute the largest markets for Italian bridge cranes exported globally, accounting for 62% of total exports. This is followed by China, Germany, the United States, the Czech Republic, Switzerland, Nigeria, Morocco, Albania, Libya and Bosnia and Herzegovina, which together account for 21%.
In 2021, the average export price of overhead cranes will be USD 3,182 per unit, down -8.3% from the previous year.
In 2021, the average import price of overhead cranes will be $3,418 per unit, a 49% increase from the previous year.
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