Africa: Crane Market 2024

Crane Market Size in Africa

In 2022, after two years of decline, there was growth in the African crane market, when its value increased by X% to $X. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Crane Production in Africa

In value terms, crane production reduced modestly to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Crane Exports

Exports in Africa

In 2022, the amount of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane exported in Africa rose sharply to X units, picking up by X% compared with the previous year. Over the period under review, exports enjoyed slight growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, crane exports totaled $X in 2022. In general, exports, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from South Africa (X units), Angola (X units) and Togo (X units), together reaching X% of total export. Botswana (X units) held the next position in the ranking, followed by Gabon (X units), Cote d'Ivoire (X units), Algeria (X units) and Morocco (X units). All these countries together took near X% share of total exports. Rwanda (X units), Ghana (X units), Benin (X units), Cameroon (X units) and Senegal (X units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Togo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest crane supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Angola ($X), with an X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

In South Africa, crane exports decreased by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Angola (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Togo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Crane Imports

Imports in Africa

In 2022, supplies from abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, crane imports totaled $X in 2022. In general, imports, however, recorded a mild descent. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X units), distantly followed by Cote d'Ivoire (X units), Tanzania (X units), Egypt (X units), Morocco (X units), South Africa (X units) and Senegal (X units) represented the largest importers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane, together committing X% of total imports. Algeria (X units), Kenya (X units), Somalia (X units), Ghana (X units), Democratic Republic of the Congo (X units) and Angola (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Somalia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Tanzania ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. South Africa, Egypt, Algeria, Kenya, Somalia, Ghana, Morocco, Democratic Republic of the Congo, Angola and Senegal lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Somalia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the import price in Africa amounted to $X per unit, dropping by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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