The Norwegian crane market surged to $X in 2020, up X% year-on-year. However, consumption dropped significantly during the period under review. During the period under review, the market hit an all-time high of $X in 2009; however, from 2010 to 2020, consumption was at a lower level.
In value terms, 2020 crane production is estimated to shrink to $X at export prices. Overall, however, production faced a sudden drop. The fastest growth in 2009, with an X% year-on-year increase in production. As a result, production peaked at X dollars. From 2010 to 2020, the output growth rate remained at a low level.
In 2020, approximately X cranes, mobile cranes were exported from Norway; -X% less than the previous year. Overall, exports fell sharply. The most significant growth rate occurred in 2019, when exports increased by X% year-on-year. During the period under review, exports reached a maximum of X units in 2010; however, from 2011 to 2020, exports were slightly lower.
In value terms, crane exports shrunk significantly to $X in 2020. During the review period, exports shrank significantly. The growth rate was most pronounced in 2019, with a year-on-year increase of X%. Exports peaked at $X in 2010; however, from 2011 to 2020, export figures were slightly lower.
China (X units), the Netherlands (X units) and Sweden (X units) were the main destinations for Norwegian crane exports, together accounting for X% of total exports. This is followed by the United Kingdom, Turkey, United States, Poland, Finland, Ukraine, Spain, Canada, Germany and Azerbaijan, which have further increased their revenue by X from 2007 to 2020, with the largest increase being Azerbaijan (per increase X% year), while the other leaders have seen more modest growth in shipments.
In value terms, China ($X), the Netherlands ($X) and the United Kingdom ($X) make up the largest crane market from Norway worldwide, accounting for X% of total exports. This is followed by Turkey, Sweden, Spain, USA, Poland, Finland, Azerbaijan, Germany, Canada and Ukraine, which together account for a further X items (+X% per annum) in the main destination country Turkey during the period under review, the value of exports growth rate was the highest, while the other leaders saw more modest growth in shipments.
In 2020, the number of cranes and mobile crane frames imported from Norway was X, an increase of X% compared to 2019. Overall, total imports from 2007 to 2020: Over the past 13 years, its sales have grown at an average annual rate of +X%. However, the trend pattern indicated that some significant fluctuations were recorded throughout the analysis period. Based on 2020 data, imports increased by +X% compared to the 2015 index. The fastest growth rate in 2012, an increase of X% year-on-year. During the period under review, imports peaked in 2020 and are expected to keep growing in the coming years.
Crane imports fell rapidly to $X in 2020 by value. During the review period, imports fell significantly. 2011 saw the fastest growth, with imports increasing by X% year-on-year. During the period under review, imports peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain momentum.
South Korea (X units), China (X units) and Sweden (X units) are the main suppliers of Norwegian crane imports, accounting for X% of total imports.
From 2007 to 2020, the largest increase was in South Korea (+X% per annum), while other leaders saw more modest increases in purchasing. Italy ($X), Germany ($X) and Austria ($X) are Norway's largest crane suppliers by value, together accounting for X% of total imports.
South Korea, Denmark, Slovenia, Poland, Sweden, China, Finland, the Netherlands, Canada and the U.S. were somewhat behind, adding up to X in the value of imports from major suppliers during the period under review, while other leaders saw more modest growth in purchases.
Norway's largest crane suppliers by value are Italy, Germany and Austria, which together account for 42% of total imports. This is followed by South Korea, Denmark, Slovenia, Poland, Sweden, China, Finland, the Netherlands, Canada and the United States, which together account for 49%.
The largest markets for Norwegian crane exports by value are China, the Netherlands and the UK, which together account for 49% of total exports. Turkey, Sweden, Spain, the United States, Poland, Finland, Azerbaijan, Germany, Canada and Ukraine are slightly behind with a combined 29%.
The average export price of cranes in 2020 was US$12,947 per unit, up 60% from the previous year.
In 2020, the average price of crane imports was US$13,665 per unit, down -23.1% from the previous year.
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