The Greek crane market fell -X% to $X in 2020, falling for the second year in a row after two years of growth. Overall, there has been a marked decline in consumption. In 2018, the growth rate was the fastest, and the market value increased by X% year-on-year. Consumption of cranes peaked at $X in 2007; however, from 2008 to 2020, consumption was at a lower level.
In value terms, 2020 crane production is estimated to have dropped significantly to $X at export prices. Overall, however, production showed a marked decline. The fastest growth rate in 2012, an increase of X% year-on-year. Crane production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain momentum.
Greek crane exports scale
Greece’s crane exports in 2020 are estimated at X units, an increase of X% over 2019 figures. During the review period, however, there was a sudden setback for exports. The fastest growth in 2018, with exports up X% year-on-year. During the period under review, exports peaked at X units in 2009; however, from 2010 to 2020, exports failed to regain momentum.
In value terms, crane exports rapidly contracted to $X in 2020. Overall, however, there has been a sharp decline in exports. The rate of growth was most pronounced in 2018, with an X% increase over the previous year. Exports peaked at $X in 2009; however, from 2010 to 2020, exports have remained low.
Albania (X units), North Macedonia (X units) and Georgia (X units) were the main destinations for Greek crane exports, accounting for X% of total exports.
From 2007 to 2020, the largest increase was in Albania, while the other leaders saw more modest growth in shipments. In value terms, Cyprus ($X) emerged as the main foreign market for Greek crane exports, accounting for X% of total exports. In second place is North Macedonia ($X) with X% of total exports. It is followed by Albania with an X% share.
From 2007 to 2020, Cyprus has experienced an average annual value growth rate of -X%. Exports to other major destinations recorded the following average annual export growth rates: North Macedonia (+X% per annum) and Albania (+X% per annum).
Greek crane import scale
In 2020, Greek imports of cranes, mobile crane frames contracted significantly to X units, a -X% decrease compared to the previous year. Overall, imports suffered a severe setback. The fastest growth rate in 2013, an increase of X% year-on-year. During the period under review, imports peaked at X units in 2011; however, from 2012 to 2020, imports failed to regain momentum.
Crane imports contracted sharply to $X in 2020 in value terms. Imports contracted sharply during the review period. The most significant growth rate occurred in 2013, when imports increased by X% over the previous year. As a result, imports peaked at X dollars. Import growth failed to regain momentum between 2014 and 2020.
In 2020, Italy (X units) was the largest crane supplier to Greece, accounting for X% of total imports. In addition, cranes imported from Italy were four times higher than the number recorded by the second largest supplier, Germany (X units). France (X units) ranks third in terms of total imports with a share of X%.
From 2007 to 2020, the average annual growth rate of sales from Italy was -X%. The average annual growth rates of imports for the remaining supplier countries are as follows: Germany (-X% per annum) and France (+X% per annum). Italy ($X) is the largest crane supplier to Greece by value, accounting for X% of total imports. In second place is Germany ($X) with X% of total imports. It is followed by Cyprus with an X% share.
From 2007 to 2020, the average annual growth in value in Italy totaled -X%. The average annual growth rates of imports from the remaining supplier countries are as follows: Germany (-X% per annum) and Cyprus (+X% per annum).
Statistics of various crane suppliers in Greece
Italy is Greece’s largest crane supplier by value, accounting for 52% of total imports. In second place is Germany, which accounts for 8.8% of total imports. It is followed by Cyprus with an 8% share.
In terms of value, Cyprus emerged as the main foreign market for Greek crane exports, accounting for 32% of total exports. In second place is North Macedonia, which accounts for 15% of total exports. It was followed by Albania with a 10% share.
In 2020, the average export price of cranes was USD 2,362 per unit, a decrease of -39.8% from the previous year.
In 2020, the average price of crane imports was US$5,613 per unit, up 16% from the previous year.
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