Cranes; Tower Cranes Price in Australia - 2023

Contents:

  1. Cranes; Tower Cranes Price in Australia (CIF) - 2022
  2. Cranes; Tower Cranes Price in Australia (FOB) - 2022
  3. Cranes; Tower Cranes Imports in Australia
  4. Cranes; Tower Cranes Exports in Australia

Cranes; Tower Cranes Price in Australia (CIF) - 2022

The average cranes; tower cranes import price stood at $67,630 per unit in 2022, falling by -15.6% against the previous year. Over the period under review, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 54%. Over the period under review, average import prices hit record highs at $152,729 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($184,794 per unit), while the price for Spain ($43,565 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.8%), while the prices for the other major suppliers experienced a decline.

Cranes; Tower Cranes Price in Australia (FOB) - 2022

In 2022, the average cranes; tower cranes export price amounted to $88,793 per unit, waning by -1.9% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cranes; tower cranes export price increased by +32.2% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 42% against the previous year. Over the period under review, the average export prices reached the maximum at $125,045 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($92,229 per unit), while the average price for exports to New Zealand ($87,583 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+43.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cranes; Tower Cranes Imports in Australia

In 2022, after two years of decline, there was growth in purchases abroad of cranes; tower craneses, when their volume increased by 4.9% to 514 units. Overall, imports, however, recorded a deep setback. Over the period under review, imports hit record highs at 833 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, cranes; tower cranes imports reduced to $35M in 2022. In general, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. Over the period under review, imports hit record highs at $43M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Cranes; Tower Cranes in Australia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain4.12.36.98.628.0%
Germany2.511.72.26.436.8%
China4.34.84.05.05.2%
Malaysia6.14.63.14.8-7.7%
Italy7.33.02.14.1-17.5%
United Kingdom0.62.30.31.226.0%
France0.30.70.91.154.2%
New Zealand2.20.30.30.9-25.8%
Thailand6.2N/AN/AN/A0%
Taiwan (Chinese)0.1N/AN/AN/A0%
Others9.60.619.42.6-35.3%
Total43.330.339.334.8-7.0%

Top Suppliers of Cranes; Tower Cranes to Australia in 2022:

  1. Spain (197.0 units)
  2. Germany (104.0 units)
  3. Italy (67.0 units)
  4. Malaysia (44.0 units)
  5. United Kingdom (27.0 units)
  6. China (27.0 units)
  7. France (22.0 units)
  8. New Zealand (14.0 units)

Cranes; Tower Cranes Exports in Australia

After three years of growth, overseas shipments of cranes; tower craneses decreased by -28.8% to 52 units in 2022. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 135%. As a result, the exports attained the peak of 73 units, and then contracted rapidly in the following year.

In value terms, cranes; tower cranes exports dropped significantly to $4.6M in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 152%. As a result, the exports attained the peak of $6.6M, and then fell rapidly in the following year.

Export of Cranes; Tower Cranes in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)2,2318853,7413,49716.2%
New Zealand97.2408942881108.5%
United Kingdom8.81,28195.2239200.6%
GermanyN/AN/A48.8N/A0%
PolandN/AN/A88.6N/A0%
South AfricaN/A1.3N/AN/A0%
Others19249.81,694N/A197.0%
Total2,5292,6256,6104,61722.2%

Top Export Markets for Cranes; Tower Cranes from Australia in 2022:

  1. Taiwan (Chinese) (39.0 units)
  2. New Zealand (10.0 units)
  3. United Kingdom (3.0 units)

Source: IndexBox Market Intelligence Platform

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