Tunisia: Crane Market 2024

Crane Market Size in Tunisia

The Tunisian crane market fell rapidly to $X in 2023, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption faced a precipitous descent. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Crane Exports

Exports from Tunisia

In 2023, overseas shipments of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, crane exports surged to $X in 2023. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units) was the main destination for crane exports from Tunisia, with a X% share of total exports. Moreover, crane exports to Italy exceeded the volume sent to the second major destination, Libya (X units), more than tenfold. Cote d'Ivoire (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (X% per year) and Cote d'Ivoire (X% per year).

In value terms, Libya ($X), Italy ($X) and Algeria ($X) constituted the largest markets for crane exported from Tunisia worldwide, together comprising X% of total exports.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crane export price stood at $X per unit in 2023, dropping by X% against the previous year. In general, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Algeria ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Crane Imports

Imports into Tunisia

In 2023, imports of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane into Tunisia skyrocketed to X units, with an increase of X% on the year before. In general, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, crane imports skyrocketed to $X in 2023. Over the period under review, imports, however, recorded a deep reduction. Imports peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), Italy (X units) and China (X units) were the main suppliers of crane imports to Tunisia, together comprising X% of total imports. France, Turkey, India, the United States, the United Arab Emirates, Poland, the UK, Ghana, Germany and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Poland ($X) and China ($X) were the largest crane suppliers to Tunisia, together accounting for X% of total imports.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average crane import price amounted to $X per unit, growing by X% against the previous year. In general, import price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, crane import price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform