Australia and Oceania: Crane Market 2024

Crane Market Size in Australia and Oceania

The crane market in Australia and Oceania expanded modestly to $X in 2022, growing by X% against the previous year. The total consumption indicated a buoyant 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Crane Production in Australia and Oceania

In value terms, crane production totaled $X in 2022 estimated in export price. Overall, production recorded buoyant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Crane Exports

Exports in Australia and Oceania

Crane exports reached X units in 2022, surging by X% compared with the year before. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, crane exports soared to $X in 2022. Overall, exports, however, showed a pronounced slump. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Australia represented the key exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by New Zealand (X units), generating a X% share of total exports. Papua New Guinea (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to crane exports from Australia stood at X%. New Zealand (X%) and Papua New Guinea (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while Papua New Guinea and Australia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest crane supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (X% per year) and Papua New Guinea (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, with an increase of X% against the previous year. Export price indicated measured growth from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per unit), while New Zealand ($X per unit) was amongst the lowest.

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

Crane Imports

Imports in Australia and Oceania

In 2022, approx. X units of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane were imported in Australia and Oceania; waning by X% compared with the previous year. Over the period under review, imports saw a pronounced decline. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, crane imports rose remarkably to $X in 2022. Overall, imports saw a perceptible contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia was the largest importer of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in Australia and Oceania, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X units), making up a X% share of total imports. Papua New Guinea (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to crane imports into Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, Papua New Guinea (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Papua New Guinea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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