In 2020, the Finnish crane market fell -X% to $X for the first time since 2014, ending a five-year upward trend. Consumption continued to show a sharp contraction during the period under review. The growth rate was most pronounced in 2011, with a year-on-year increase of X%. Crane consumption peaked at $X in 2007; however, from 2008 to 2020, consumption has remained low.
In value terms, 2020 crane production is estimated to shrink to $X at export prices. During the period under review, there were serious setbacks in production. The growth rate was most pronounced in 2011, with an X% increase over the previous year. Crane production peaked at $X in 2008; however, from 2009 to 2020, production failed to regain momentum.
Finnish crane export scale
In 2020, Finland’s exports of cranes, mobile crane frames dropped significantly to X units, down -X% compared to the previous year. During the period under review, exports declined sharply. The growth rate was most pronounced in 2014, with exports increasing by X% year-on-year. Exports peaked at X units in 2007; however, from 2008 to 2020, exports failed to regain momentum.
Crane exports fell sharply to $X in 2020 by value. Overall, exports fell sharply. The fastest growth rate in 2013, an increase of X% year-on-year. During the period under review, exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain momentum.
Germany (X units), Belgium (X units) and the United Kingdom (X units) were the main destinations for Finnish crane exports, together accounting for X% of total exports. Sweden, the US, France, Russia, Switzerland, Chile, Austria, Poland, the Czech Republic and Lithuania are slightly behind, with the most significant growth in shipments from 2007 to 2020 among the major countries reached by the Czech Republic , while exports from other leaders experienced a more modest pace of growth.
In value terms, Germany ($X), Belgium ($X) and the United Kingdom ($X) appear to be Finland’s largest export markets for cranes globally, together accounting for X% of total exports. This is followed by Sweden, France, the United States, Russia, Switzerland, Chile, Austria, Poland, Lithuania and the Czech Republic, which together account for a further X of the top destination countries, with the Czech Republic having the highest rate of export value during the period under review. growth, while the other leaders saw more modest growth in shipments.
Import scale of Finnish cranes
In 2020, Finland’s crane imports totaled X units, basically unchanged from the previous year. During the period under review, imports recorded significant growth. The most significant growth rate occurred in 2015, which was an X% increase compared to the previous year. During the period under review, imports reached a maximum of X units in 2017; however, from 2018 to 2020, imports have been at lower levels.
Crane imports contracted to $X in 2020 by value. Overall, imports continued to show a relatively stable trend pattern. The most significant growth rate occurred in 2015, with an X% year-over-year increase. During the period under review, imports peaked at $X in 2008; however, from 2009 to 2020, imports have been at lower levels.
Sweden (X units), Germany (X units) and Austria (X units) are the main suppliers of Finnish crane imports, together accounting for X% of total imports. Italy, Poland, France, Slovakia, Estonia, the Netherlands, China, Denmark, Belgium and Spain lag behind. Among the major suppliers, the largest increase in purchases from 2007 to 2020 is Italy, Denmark, Belgium and Spain, with Slovakia achieving imports, while imports by other leaders experienced a more moderate pace of growth.
The largest crane suppliers in Finland by value are Sweden ($X), Germany ($X) and Austria ($X), which account for X% of total imports. This is followed by Italy, Poland, Spain, France, Slovakia, the Netherlands, Estonia, China, Denmark and Belgium, which together are again X major suppliers, with Slovakia (+X% per annum) having the highest rate in The value of imports rose during the period under review, while other leaders’ purchases experienced a more modest pace of growth.
Statistics of various crane suppliers in Finland
Sweden ($15 million), Germany ($13 million) and Austria ($9 million) appear to be Finland’s largest crane suppliers by value, together accounting for 56% of total imports. Italy, Poland, Spain, France, Slovakia, the Netherlands, Estonia, China, Denmark and Belgium are slightly behind with a combined 43%.
The largest markets for Finnish crane exports by value are Germany ($22 million), Belgium ($15 million) and the United Kingdom ($14 million), which together account for 36% of total exports. Sweden, France, the United States, Russia, Switzerland, Chile, Austria, Poland, Lithuania and the Czech Republic are slightly behind with a combined 40%.
The average export price for cranes in 2020 was $241,547 per unit, roughly the same as the previous year.
The average import price of cranes in 2020 was $88,349 per unit, down -14.3% from the previous year.
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