Iceland crane market revenue in 2018 was $X, an increase of X% year-on-year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). Crane consumption continued to grow significantly during the period under review. The most significant growth rate occurred in 2017, when the market cap increased by X% year-over-year. During the period under review, the crane market reached its highest level in 2018 and is expected to maintain growth in the near future.
Iceland Crane Export Scale
In 2018, the total export of cranes and mobile cranes from Iceland was X units, which was -X% lower than the previous year. Overall, crane exports continued to show a significant decline. In 2009, the growth rate was the fastest, with an increase of X% year-on-year. During the period under review, crane exports peaked at X units in 2007; however, from 2008 to 2018, exports have been at lower levels.
Crane exports in 2018 were X dollars in value. Overall, crane exports continued to decline sharply. The growth rate was most pronounced in 2016, with a year-on-year increase of X%. Iceland’s exports peaked at $X in 2008; however, from 2009 to 2018, export figures were slightly lower.
Exports of five cranes and mobile cranes from Sierra Leone, St. Vincent and the Grenadines, Italy, China and Uganda accounted for more than half of the total. Madagascar (X units) came second, followed by Austria (X units). All of these countries together account for nearly X% of total exports. Japan (X units), Germany (X units), the United States (X units) and Poland (X units) accounted for smaller shares of total exports.
From 2007 to 2018, among the major exporting countries, the most significant export growth rate was Sierra Leone (+X% per annum), while the growth rates of other leaders were more moderate.
Iceland’s largest crane markets by value are China ($X),
Germany ($X) and Italy ($X), with an X% share of total exports.
Japan, Austria, Poland,
United States, Uganda, Sierra Leone, Iceland, Saint Vincent and the Grenadines, and Madagascar are a little behind, and together they are the countries with the highest export growth rates in X Vincent and the Grenadines over the past 11 years , major exporters grew at a slower pace, while other leaders saw more modest growth.
Icelandic crane import scale
In 2018, approximately X cranes, mobile cranes were imported to Iceland; an increase of X% over the previous year. Overall, crane imports continue to show rapid growth. 2017 saw the fastest growth, with imports increasing by X% year-on-year. Imports to Iceland peaked in 2018 and are expected to keep growing in the near future.
In 2018, crane imports were worth X dollars in value. Overall, crane imports continue to show sharp declines. The most significant growth rate occurred in 2015, with an X% year-over-year increase. Imports to Iceland peaked at $X in 2007; however, from 2008 to 2018, imports declined slightly.
United Arab Emirates is the largest importing country, importing approximately X units or X% of total imports. Luxembourg (X units) accounted for X% of total imports (in tonnes), ranking second, followed by Qatar (X%), Free Zones (X%) and Ethiopia (X%). Saudi Arabia (X units), Trinidad and Tobago (X units), Lao People’s Democratic Republic (X units) and Iraq (X units) are well behind the leaders.
From 2007 to 2018, the average annual growth rate of crane imports to the United Arab Emirates was +X%. Meanwhile, Luxembourg (+X%), Ethiopia (+X%), Lao People’s Democratic Republic (+X%), Trinidad and Tobago (+X%), Qatar (+X%), Saudi Arabia (+X%) +X %), Iraq (+X%) and Free Zones (+X%) showed positive growth. In addition, Luxembourg became the fastest growing importer in the world with a CAGR of +X% from 2007-2018. Shares of United Arab Emirates (+X pp), Luxembourg (+X pp), Qatar (+X pp), Ethiopia (+X pp), Free Zones (+X pp), Saudi Arabia (+X pp), Trillium Nida and Tobago (+X pp) and the Lao People’s Democratic Republic (+X pp) increased significantly, with other countries’ shares remaining relatively stable throughout the analysis period.
The United Arab Emirates ($X) is the largest market for cranes, mobile crane frames imported into Iceland by value, accounting for X% of global imports. In second place is Saudi Arabia ($X) with X% of global imports. It is followed by Qatar with an X% share.
From 2007 to 2018, the average annual value growth in the United Arab Emirates was -X%. The average annual growth rates of imports for the remaining importing countries are as follows: Saudi Arabia (-X% per annum) and Qatar (-X% per annum).
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Iceland Crane Market Study 2022