After two years of growth, the Luxembourg haulage and overhead crane market fell -X% to $X in 2021. During the period under review, however, consumption showed a modest expansion. As a result, consumption peaked at X dollars before falling rapidly the following year.
Overseas shipments of haulage cranes, gantry cranes and overhead cranes fell -X% to X units in 2021, falling for the second consecutive year after two years of growth. But overall, exports have grown significantly. 2015 appears to have seen the fastest growth, with an X% increase over the previous year. During the period under review, exports in 2019 reached a record high of X units; however, from 2020 to 2021, exports have been at a low level.
In value terms, haulage and overhead crane exports contracted sharply to $X in 2021. But overall, exports showed significant growth. The most significant growth rate occurred in 2015, with an X% year-over-year increase. During the period under review, exports peaked at $X in 2019; however, from 2020 to 2021, exports failed to regain momentum.
Belgium (X units) was the main destination for Luxembourg’s exports of transport cranes and overhead cranes, accounting for X% of total exports. In addition, the number of transport cranes and overhead cranes exported to Belgium exceeded the number exported to France (X units), the second main destination, by more than 10 times.
From 2012 to 2021, the average annual growth rate of freight traffic to Belgium totals +X%.
In value terms, Belgium ($X) remains the leading foreign market for Luxembourg's transport and overhead crane exports, accounting for X% of total exports. In second place is France ($X) with X% of total exports. From 2012 to 2021, the average annual growth rate of the value to Belgium is +X%.
After two years of growth, the import of transport cranes, gantry cranes and overhead cranes from abroad in 2021 decreased by -X% to X units. However, imports showed moderate growth during the period under review. The most significant growth rate occurred in 2020, with an X% increase compared to the previous year. As a result, imports peaked at X units and then contracted significantly the following year.
In value terms, imports of transport and overhead cranes fell to X dollars in 2021. But overall, import volumes continued to show strong growth. The most significant growth rate occurred in 2020, with an X% increase compared to the previous year. As a result, imports peak at X dollars and then decline the following year.
In 2021, Finland (X units) is the largest supplier of transport and overhead cranes in Luxembourg, accounting for X% of total imports. In addition, transport cranes and overhead cranes imported from Finland were three times higher than the figures recorded by the second largest supplier, Germany (X units). In third place is France (X units) with an X% share.
The average annual growth rate of Finnish exports from 2012 to 2021 was relatively low. The average annual growth rates of imports for the remaining supplier countries are as follows: Germany (-X% per annum) and France (+X% per annum). Finland ($X) is the largest supplier of transport and overhead cranes to Luxembourg by value, accounting for X% of total imports. In second place is Germany ($X) with X% of total imports. It is followed by France with an X% share. Average annual value growth in Finland from 2012 to 2021 is +X%. The average annual growth rates of imports for the remaining supplier countries are as follows: Germany (-X% per annum) and France (+X% per annum).
Finland is Luxembourg's largest supplier of transport and overhead cranes by value, accounting for 87% of total imports. In second place is Germany, which accounts for 7.5% of total imports. It is followed by France with a share of 4.1%.
In value terms, Belgium remains the main foreign market for Luxembourg’s transport and overhead crane exports, accounting for 92% of total exports. In second place was France, which accounted for 7.6% of total exports.
In 2021, the average export price of transporters and overhead cranes will be $1,579 per unit, down -8.5% from the previous year.
In 2021, the average import price of transporters and overhead cranes will be $5,189 per unit, an increase of 184% from the previous year.
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