The Austrian crane market fell X% to X dollars in 2020, the fourth consecutive year of decline after three years of growth. Overall, consumption contracted moderately. In 2016, the growth rate was the fastest, and the market value increased by X% year-on-year. As a result, spending reached the highest level of X dollars. From 2017 to 2020, the market growth rate remained at a low level.
In terms of value, crane production has rapidly contracted to an estimated $X at export prices in 2020. During the period under review, production declined sharply. In 2014, the growth rate was the fastest, with an increase of X% year-on-year. As a result, production peaked at X dollars. Production growth remained low from 2015 to 2020.
In 2020, overseas shipments of cranes and mobile cranes increased by X% to X units, the third consecutive year of growth after two years of decline. Overall, exports rose slightly. As a result, exports peaked and may continue to grow in the short term.
In value terms, crane exports contracted slightly to $X in 2020. Overall, exports contracted slightly. The growth rate was most pronounced in 2011, with a year-on-year increase of X%. During the reporting period, exports peaked at $X in 2008; however, from 2009 to 2020, exports failed to regain momentum.
Germany (X units), the United States (X units) and the Netherlands (X units) are the main destinations for Austrian crane exports, which together account for X% of the total export value.
From 2007 to 2020, the U.S. saw the largest increase in shipments, while other leaders saw more modest growth in shipments. The largest markets for Austrian crane exports by value are Germany ($X), the United States ($X) and France ($X), which together account for X% of total exports.
Among the major destination countries, the United States experienced the highest export value growth rate during the reporting period, while other leaders experienced more moderate export growth rates.
In 2020, overseas purchases of cranes and mobile cranes increased by X% to X units, increasing for the third consecutive year after declining for three consecutive years. Overall, however, imports continued to show a marked contraction. 2019 saw the fastest growth, with imports up X% year-on-year. Imports peaked at X units in 2014; however, from 2015 to 2020, imports have remained low.
In terms of value, crane imports jumped to $X in 2020. But overall, imports showed moderate growth. The most significant growth rate occurred in 2014, with an X% year-over-year increase. Imports peaked at $X in 2008; however, from 2009 to 2020, import volumes have remained low.
Germany (X units), Italy (X units) and France (X units) are the main suppliers of Austrian crane imports, together accounting for X% of total imports. The Czech Republic, Switzerland, Poland and Belgium were slightly behind, together forming a further X from 2007 to 2020, with the largest increase in the Czech Republic, while other leaders experienced a more moderate pace of growth in procurement.
Germany ($X), Italy ($X) and France ($X) are Austria's largest crane suppliers by value, accounting for X% of total imports. Poland, Switzerland, Belgium and the Czech Republic collectively made up another X with the highest growth in import value in terms of major suppliers during the review period, while other leaders saw a more moderate pace of growth in purchases.
Germany, Italy and France appear to be Austria's largest crane suppliers by value, together accounting for 83% of total imports. This is followed by Poland, Switzerland, Belgium and the Czech Republic, which together account for 6%.
Germany, the United States and France are the largest markets for Austrian cranes exported globally by value, accounting for 46% of total exports.
In 2020, the average export price of cranes was USD 6,004 per unit, a decrease of -62.8% from the previous year.
The average import price of cranes in 2020 was US$11,353 per unit, up 5.1% from the previous year.
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