United Kingdom: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in the UK

After three years of growth, the UK overhead travelling crane market decreased by X% to $X in 2023. In general, consumption, however, showed measured growth. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Overhead Travelling Crane Production in the UK

In value terms, overhead travelling crane production shrank to $X in 2023 estimated in export price. Overall, production continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Overhead Travelling Crane Exports

Exports from the UK

In 2023, approx. X units of overhead travelling cranes on fixed support were exported from the UK; rising by X% on the year before. Overall, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, overhead travelling crane exports skyrocketed to $X in 2023. Over the period under review, exports, however, continue to indicate a deep slump. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The United States (X units), Ireland (X units) and Ghana (X units) were the main destinations of overhead travelling crane exports from the UK, together accounting for X% of total exports.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for overhead travelling cranes on fixed support exports from the UK, comprising X% of total exports. The second position in the ranking was taken by Ireland ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and India (X% per year).

Export Prices by Country

The average overhead travelling crane export price stood at $X per unit in 2023, which is down by X% against the previous year. In general, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Overhead Travelling Crane Imports

Imports into the UK

In 2023, purchases abroad of overhead travelling cranes on fixed support decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of X units. From 2017 to 2023, the growth of imports failed to regain momentum.

In value terms, overhead travelling crane imports shrank notably to $X in 2023. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

South Korea (X units), Italy (X units) and Germany (X units) were the main suppliers of overhead travelling crane imports to the UK, together accounting for X% of total imports. France, Spain, the Czech Republic, Switzerland, China, Sweden and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), South Korea ($X) and Germany ($X) constituted the largest overhead travelling crane suppliers to the UK, with a combined X% share of total imports. Italy, Spain, the Czech Republic, Switzerland, China, Turkey and Sweden lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Switzerland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average overhead travelling crane import price stood at $X per unit in 2023, shrinking by X% against the previous year. In general, the import price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per unit in 2022, and then reduced markedly in the following year.

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

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

Source: IndexBox Platform