In 2020, the UK crane market contracted sharply to $X, down -X% compared to the previous year. During the period under review, consumption experienced a sharp decline. The most significant growth rate occurred in 2012, when the market capitalization increased by X% year-on-year. Crane consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain momentum.
In value terms, crane production in 2020 contracted slightly to $X at export prices. During the period under review, there was a marked decline in production. The fastest growth in 2018, with an X% year-on-year increase in production. Crane production peaked at $X in 2008; however, from 2009 to 2020, production failed to regain momentum.
In 2020, overseas shipments of cranes and mobile cranes increased by X% to X units, the second consecutive year of growth after two years of decline. However, exports faced a severe contraction during the review period. The most significant growth rate occurred in 2010, when exports increased by X% year-on-year. Exports peaked at X units in 2007; however, from 2008 to 2020, export figures were slightly lower.
In value terms, crane exports contracted sharply to $X in 2020. But overall, exports continue to show serious setbacks. The most significant growth rate occurred in 2010, when exports increased by X% year-on-year. As a result, exports peaked at X dollars. Export growth failed to regain momentum between 2011 and 2020.
The US (X units), Egypt (X units) and Iraq (X units) were the main destinations for UK crane exports, accounting for X% of total exports. This is followed by Nigeria, Australia, Cyprus, Vietnam, Canada, Israel, Algeria, Taiwan (China), Italy, and Norway, which have seen the most significant growth in shipments from 2007 to 2020, in major Among the destination countries, Taiwan (China) achieved (+X% per annum), while the other leading countries experienced more moderate export growth.
In terms of value, the largest markets for crane exports from the UK are the United States ($X), Italy ($X) and Nigeria ($X), accounting for X% of total exports. This is followed by Egypt, Australia, Algeria, Norway, Canada, Taiwan (China), Iraq, Vietnam, Israel and Cyprus, which together account for the other countries with the highest export value growth in X (China) during the period under review. , the major destination countries saw smaller growth in freight volumes, while other leaders saw more modest growth in freight volumes.
In 2020, the supply of cranes, mobile cranes from abroad fell -X% to X units, the fourth consecutive year of decline after five years of growth. During the period under review, imports recorded a slight contraction. The growth rate was most pronounced in 2010, when imports rose by X% year-on-year. During the period under review, imports reached a maximum of X units in 2016; however, from 2017 to 2020, imports decreased slightly.
Crane imports fell rapidly to $X in 2020 by value. Overall, imports contracted slightly. The fastest growth rate in 2013, an increase of X% year-on-year. During the period under review, imports reached a maximum value of $X in 2008; however, from 2009 to 2020, imports have been at lower levels.
Italy (X units), China (X units) and Germany (X units) are the main suppliers of UK crane imports, together accounting for X% of total imports.
From 2007 to 2020, the largest increase was in China, while other leaders saw more modest growth in purchases.
The UK's largest crane suppliers by value are Italy ($X), Germany ($X) and Austria ($X), which together account for X% of total imports. China, Ireland, the Netherlands, Spain, Poland, the US, France and Japan are somewhat lagging behind and together they are X major suppliers. Poland has the highest import value growth rate during the period under review, while purchases by other leaders have experienced more moderate growth rate.
The UK's largest crane suppliers by value are Italy, Germany and Austria, which together account for 45% of total imports. China, Ireland, the Netherlands, Spain, Poland, the US, France and Japan are slightly behind with a combined 41%
The US, Italy and Nigeria appear to be the largest markets for UK crane exports globally by value, together accounting for 24% of total exports. Egypt, Australia, Algeria, Norway, Canada, Taiwan), Iraq, Vietnam, Israel and Cyprus are slightly behind, with a combined 24%.
The average export price of cranes in 2020 was USD 7,311 per unit, down -27.1% from the previous year.
In 2020, the average import price of cranes was $5,386 per unit, down -19% from the previous year.
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