The North American crane market contracted to $X in 2020, down -X% compared to the previous year. Overall, however, consumption declined slightly. The most significant growth rate occurred in 2008, when the market value increased by X% year-on-year. Consumption levels peaked at $X in 2009; however, from 2010 to 2020, consumption failed to regain momentum.
In terms of value, crane production decreased significantly in 2020 to $2020 (estimated at export prices). Overall, however, production showed a relatively flat trend pattern. The most significant growth rate occurred in 2008, which was an X% increase compared to the previous year. During the period under review, production hit an all-time high of $X in 2009; however, from 2010 to 2020, production has remained low.
The country with the largest production volume of cranes is the États-Unis (X units), with about X% of the total volume. In addition, crane production in the United States exceeds the number recorded by the second largest producer, Canada (X units) by more than ten times. From 2007 to 2020, the average annual growth rate of sales in the United States is +X%.
In 2020, North American crane exports decreased to X units, a -X% decrease from 2019 figures. Overall, exports have shrunk significantly. The growth rate was most pronounced in 2008, with an X% increase over the previous year. Exports peaked at X units in 2012; however, from 2013 to 2020, exports failed to regain momentum.
In value terms, crane exports shrunk significantly to $X in 2020. Overall, exports fell sharply. The growth rate was most pronounced in 2008, when exports increased by X% year-on-year. Export levels peaked at $X in 2012; however, from 2013 to 2020, exports have been at lower levels.
The U.S. dominates the crane export structure with X units and X% of total exports in 2020. It was followed by Canada (X units) with X% of total exports. In terms of crane exports, the United States is also the fastest growing, with a CAGR of -X% from 2007 to 2020. Canada (-X%) shows a downward trend over the same period. While the U.S. share (+X pp) in total exports increased significantly from 2007 to 2020, Canada’s share (-X pp) showed negative dynamics.
In terms of value, the United States ($X) remains the largest crane supplier in North America, accounting for X% of total exports. In second place is Canada ($X) with X% of total exports. In the U.S., crane exports fell at an average annual rate of -X% between 2007 and 2020.
In 2020, after a two-year decline, there was a significant increase in cranes procured abroad, with the number increasing by X% to X units. Overall, however, imports fell sharply. The most significant growth rate occurred in 2012, when imports increased by X% year-on-year. Imports peaked at X units in 2007; however, from 2008 to 2020, imports failed to regain momentum.
In 2020 crane imports fell to X dollars in value terms. From 2007 to 2020, the total value of imports has grown significantly: over the past 13 years, its value has declined at an average annual rate of -X%. However, the trend pattern indicated that some significant fluctuations were recorded throughout the analysis period. The most significant growth rate occurred in 2012, when imports increased by X% year-on-year. During the period under review, imports peaked at $X in 2019 and then declined the following year.
The countries with the highest crane imports in 2020 are Canada (X units) and the United States (X units), which together account for X% of total imports.
From 2007 to 2020, of the major importing countries, Canada experienced the most significant growth in purchases. The United States ($X) is the largest market for imported cranes in North America by value, accounting for X% of total imports. In second place is Canada ($X) with X% of total imports. In the U.S., crane imports grew at an average annual rate of +X% between 2007 and 2020.
The United States ($424 million) remains the largest crane supplier in North America by value, accounting for 78% of total exports. In second place was Canada ($116 million), which accounted for 21% of total exports.
The United States ($1.6B) was the largest imported crane market in North America by value, accounting for 81% of total imports. In second place was Canada ($386 million), which accounted for 19% of total imports.
In 2020, the export price of cranes in North America was US$18,552 per unit, a year-on-year decrease of -17.5%.
In 2020, the import price of cranes in North America was US$31,259/unit, a year-on-year decrease of -22.4%.
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