The German crane market surged to $X in 2020, up X% year-on-year. Overall, however, there has been a notable setback in consumption. The most significant growth rate occurred in 2018, when the market cap increased by X% over the previous year. Crane consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain momentum.
In value terms, 2020 crane production is estimated to fall to X dollars at export prices. During the period under review, however, production recorded a noticeable contraction. In 2008, the growth rate was the fastest, and the output increased by X% year-on-year. As a result, production peaked at X dollars. Production growth remained low from 2009 to 2020.
German crane exports surged to X units in 2020, an increase of X% over 2019. Overall, however, there has been a notable setback for exports. During the period under review, exports reached an all-time high of X units in 2008; however, from 2009 to 2020, exports failed to regain momentum.
Crane exports contracted rapidly to $X in 2020 in value terms. During the period under review, however, there was a marked decline in exports. 2017 saw the fastest growth, with exports up X% year-on-year. Exports peaked at $X in 2008; however, from 2009 to 2020, exports failed to regain momentum.
The US (X units), the Netherlands (X units) and France (X units) are the main destinations for German crane exports, accounting for X% of total exports. This is followed by Belgium, Russia, Japan, Austria, Switzerland, Italy, Poland, the United Kingdom, Turkey and the United Arab Emirates, which have further increased their income from 2007 to 2020, with the largest increase in Japan, while the Volumes for other leaders grew at a more modest rate.
The largest markets for German crane exports by value are the United States ($X), the Netherlands ($X) and Belgium ($X), which together account for X% of total exports. This was followed by Russia, France, Japan, Austria, Italy, Switzerland, the United Kingdom, the United Arab Emirates, Turkey and Poland, all of which recorded record export value growth rates, among the top destination countries during the review period. , other leaders saw more modest growth in shipments.
In 2020, the supply of cranes and mobile cranes from abroad increased by X% to X units, the fifth consecutive year of growth after two years of decline. Overall, imports continued to show a relatively flat trend pattern. 2019 saw the fastest growth, with imports up X% year-on-year. During the period under review, imports reached a maximum of X units in 2008; however, from 2009 to 2020, imports decreased slightly.
In 2020 crane imports fell to X dollars in value terms. Overall, imports showed a relatively stable trend. The growth rate was most pronounced in 2011, when imports rose by X% year-on-year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports decreased slightly.
Imports by Country Italy (X units), Ireland (X units) and Austria (X units) are the main suppliers of German crane imports, together accounting for X% of total imports.
From 2007 to 2020, the largest increase was in Ireland (+X% per annum), while other leaders saw more modest increases in purchasing.
Germany's largest crane suppliers by value are Austria ($X), Italy ($X) and Ireland ($X), with X% of total imports. This is followed by Spain, Netherlands, Poland, Belgium, China, Sweden, Slovakia, France and Switzerland, which together account for X terms of major suppliers, with Slovakia (+X% per annum) having the highest growth rate during the period under review, Imports grew in value, while purchases by other leaders experienced a more modest pace of growth.
Germany's largest crane suppliers by value are Austria, Italy and Ireland, which together account for 45% of total imports. This is followed by Spain, the Netherlands, Poland, Belgium, China, Sweden, Slovakia, France and Switzerland, which together account for 42%.
The US, the Netherlands and Belgium constitute the world's largest export market for German cranes by value, accounting for 27% of total exports. Russia, France, Japan, Austria, Italy, Switzerland, the United Kingdom, the United Arab Emirates, Turkey and Poland are slightly behind with a combined 42%.
In 2020, the average export price of cranes was USD 4,859 per unit, down -45.4% from the previous year.
In 2020, the average price of crane imports was US$3,806 per unit, down -15.2% from the previous year.
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