The Australian crane market shrank to $X in 2020, down -X% compared to the previous year. Overall, consumption showed a deep decline. The most significant growth rate occurred in 2016, when the market capitalization increased by X% year-on-year. Crane consumption peaked at $X in 2007; however, from 2008 to 2020, consumption has remained low.
In 2020 crane production soared to X dollars by value (estimated at export prices). Overall, production recorded a slight decline. The most significant growth rate occurred in 2014, with an X% year-over-year increase. Crane production peaked at $X in 2016; however, production remained low from 2017 to 2020.
In 2020, overseas shipments of cranes and mobile cranes finally rose to X units after three years of decline. Overall, exports recorded a resilient expansion. Exports peaked at X units in 2016; however, from 2017 to 2020, exports remained low.
Crane exports surged to $X in 2020 by value. During the period under review, exports increased slightly. The fastest growth in 2016, exports increased by X% year-on-year. As a result, exports peaked at X dollars. From 2017 to 2020, export growth remained low.
Vietnam (X units) was the main destination for Australian crane exports, accounting for X% of total exports. In addition, the number of cranes exported to Vietnam exceeded three times the number exported to the second major destination, Selandia Baru (X units). Jerman (X units) occupies the third position in the ranking with an X% share.
From 2007 to 2020, the average annual growth rate of shipments to Vietnam totaled +X%. Exports to other major destinations recorded the following average annual export growth rates: New Zealand (+X% per annum) and Germany (+X% per annum).
New Zealand ($X), Vietnam ($X) and Germany ($X) make up the world's largest crane markets from Australia by value, accounting for X% of total exports. Germany (+X% per annum) had the highest export value growth among the major destination countries during the period under review, while the other leading countries experienced more moderate growth in shipments.
In 2020, approximately X cranes, mobile cranes were imported into Australia; -X% decrease compared to the previous year. Overall, imports continue to show a deep decline. The fastest growth rate in 2018, an increase of X% year-on-year. As a result, imports peaked at X units. From 2019 to 2020, the growth rate of imports will remain at a low level.
Crane imports contracted to $X in 2020 by value. In general, imports fell significantly. The fastest growth rate in 2018, with a year-on-year increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2020, imports decreased slightly.
In 2020, China (X units) was Australia's largest supplier of cranes, accounting for X% of total imports. In addition, the number of cranes imported from China exceeded the number recorded by the second largest supplier, the Amerika Serikat (X units). Germany (X units) ranks third in terms of total imports with an X% share.
From 2007 to 2020, the average annual growth rate of Chinese exports was -X%. The average annual growth rates of imports for the remaining suppliers are as follows: the United States (+X% per year) and Germany (-X% per year).
Australia's largest crane suppliers by value are Germany ($X), China ($X) and Italia ($X), which together account for X% of total imports. Polandia, the US and Finlandia lagged somewhat behind, together accounting for X of the main suppliers, with Poland (+X% per annum) having the highest growth rate in import value during the period under review, while the other leaders experienced more moderate growth rates in procurement.
Germany, China and Italy are Australia's largest crane suppliers by value, together accounting for 56% of total imports. This is followed by Poland, the United States and Finland, which together account for 13 percent.
New Zealand, Vietnam and Germany are the largest markets for Australian cranes exported globally by value, accounting for 55% of total exports.
The average export price of cranes in 2020 was USD 3,247 per unit, a decrease of -60.1% from the previous year.
In 2020, the average price of crane imports was $10,882 per unit, up 54% from the previous year.
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