Eastern Europe: Truck Crane Market 2024

Truck Crane Market Size in Eastern Europe

In 2023, the East European truck crane market decreased by X% to $X for the first time since 2016, thus ending a six-year rising trend. Overall, consumption recorded a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Truck Crane Production in Eastern Europe

In value terms, truck crane production stood at $X in 2023 estimated in export price. Over the period under review, production, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Truck Crane Exports

Exports in Eastern Europe

Truck crane exports reduced remarkably to X units in 2023, with a decrease of X% on the previous year. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, truck crane exports skyrocketed to $X in 2023. Over the period under review, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Belarus represented the major exporting country with an export of about X units, which finished at X% of total exports. Russia (X units) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%). Hungary (X units) held a relatively small share of total exports.

Belarus was also the fastest-growing in terms of the truck cranes exports, with a CAGR of X% from 2012 to 2023. Hungary (X%), Poland (X%) and Russia (X%) illustrated a downward trend over the same period. Belarus (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Belarus ($X) and Poland ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. These countries were followed by Hungary, which accounted for a further X%.

Among the main exporting countries, Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price showed a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Truck Crane Imports

Imports in Eastern Europe

In 2023, supplies from abroad of truck cranes decreased by X% to X units, falling for the second consecutive year after five years of growth. In general, imports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, truck crane imports rose notably to $X in 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Imports by Country

Russia dominates imports structure, finishing at X units, which was approx. X% of total imports in 2023. The following importers - Slovakia (X units), Poland (X units) and Belarus (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to truck crane imports into Russia stood at X%. At the same time, Slovakia (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Belarus (X%) and Poland (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Russia and Slovakia increased by X and X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported truck cranes in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with an X% share of total imports. It was followed by Belarus, with a X% share.

In Russia, truck crane imports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Poland (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per unit, jumping by X% against the previous year. Import price indicated a strong increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform