After two years of growth, the Swedish crane market fell -X% to $X in 2020. During the period under review, there was a marked decline in consumption. The most significant growth rate occurred in 2012, when the market capitalization increased by X% year-on-year. As a result, spending reached the highest level of X dollars. From 2013 to 2020, the market growth rate remained at a low level.

In value terms, 2020 crane production is estimated to shrink to $X at export prices. Overall, production showed a sharp downward trend. The most significant growth rate occurred in 2014, which was an X% increase compared to the previous year. During the period under review, production hit an all-time high of $X in 2007; however, from 2008 to 2020, production failed to regain momentum.

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Swedish crane export scale
In 2020, approximately X cranes, mobile cranes were exported from Sweden; an increase of X% year-on-year. Overall, however, there was a sudden contraction in exports. The growth rate was most pronounced in 2010, with an X% increase over the previous year. During the period under review, exports peaked at X units in 2012; however, from 2013 to 2020, exports have been at lower levels.

Crane exports rose to X dollars in 2020 by value. But overall, exports have suffered a severe decline. The fastest growth rate in 2015, an increase of X% year-on-year. Exports peaked at $X in 2008; however, from 2009 to 2020, export figures were slightly lower.

Norway (X units), Germany (X units) and Finland (X units) were the main destinations for Swedish crane exports, together accounting for X% of total exports.

From 2007 to 2020, Finland saw the largest increase in shipments, while the other leaders saw a decline in shipments. Norway ($X), Germany ($X) and Australia ($X) appear to be Sweden’s largest markets for global crane exports by value, accounting for X% of total exports. This is followed by Finland, France, the Netherlands, the UK, Denmark, Malaysia, Canada, the US, Poland and Switzerland, which together account for X more major destination countries, with Finland having the highest growth rate in terms of export value, During the review period, shipments from other leading players declined.

Swedish crane import scale
In 2020, Swedish imports of cranes, mobile crane frames soared to X units, an increase of X% over 2019 figures. During the period under review, imports recorded strong growth. The fastest growth rate in 2016, an increase of X% year-on-year. During the period under review, imports hit a record high in 2020 and are likely to see steady growth in the near future.

In 2020, crane imports totaled X dollars by value. Overall, imports continued to show a relatively stable trend pattern. The most significant growth rate occurred in 2016, when imports increased by X% year-on-year. Imports peaked at $X in 2008; however, from 2009 to 2020, import volumes have remained low.

Austria (X units), China (X units) and Germany (X units) are the main suppliers of crane imports to Sweden, together accounting for X% of total imports.

From 2007 to 2020, among the major suppliers, China recorded the most significant sourcing growth rate (+X% per year), while the other leaders experienced more modest import growth rates.

Sweden’s largest crane suppliers by value are Germany ($X), Austria ($X) and China ($X), which together account for X% of total imports.

As far as the major suppliers are concerned, during the period under review, China experienced the highest increase in the value of imports, while the increase in purchases from other major suppliers was more moderate.

Statistics of various crane suppliers in Sweden
Sweden’s largest crane suppliers by value are Germany ($39 million), Austria ($28 million) and China ($27 million), which together account for 58% of total imports.

In value terms, Norway ($11 million), Germany ($5.8 million) and Australia ($5.6 million) make up Sweden’s largest market for global crane exports, together accounting for 43% of total exports. Finland, France, the Netherlands, the United Kingdom, Denmark, Malaysia, Canada, the United States, Poland and Switzerland are slightly behind with a combined 40%.

The average export price of cranes in 2020 was USD 23,865 per unit, down -5% from the previous year.

In 2020, the average price of crane imports was $33,435 per unit, down -23.1% from the previous year.

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