The Argentine Transport and Overhead Crane Market will surge to $X in 2021, up X% from the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailers’ profits, which will be included in the final consumer price). Overall, consumption growth was strong. During the period under review, the market peaked at $X in 2019; however, from 2020 to 2021, consumption has remained low.

Argentina’s export size of overhead cranes and gantry cranes
Overseas shipments of transport cranes, gantry cranes and overhead cranes increased by X% to X units in 2021 after two years of decline. But overall, exports continued to show a sharp contraction. 2013 saw the most rapid growth, with an X% increase over the previous year. As a result, exports peaked at X units. From 2014 to 2021, the export growth rate will remain at a low level.

In value terms, exports of transport and overhead cranes surge to $X in 2021. But overall, exports contracted sharply. Exports peaked at $X in 2013; however, from 2014 to 2021, exports have remained low.

Paraguay (X units) is the main destination for Argentina’s transport and overhead crane exports, accounting for X% of total exports. In addition, the export of transport and overhead cranes to Paraguay was more than double that to Venezuela (X units), the second main destination. In third place is Bolivia (X units) with an X% share.

From 2012 to 2021, the average annual growth rate of exports to Paraguay is -X%. Exports to other major destinations recorded the following average annual export growth rates: Venezuela (-X% per annum) and Bolivia (-X% per annum).

In terms of value, Uruguay ($X), Paraguay ($X) and Bolivia ($X) appear to be the largest markets for Argentina’s global exports of transport and overhead cranes, accounting for X% of total exports. This is followed by Brazil, Venezuela, Peru and Chile, which have grown X-fold in total export value with a CAGR of +X%, with the highest export value growth in terms of major destination countries. During the period under review, the shipments of other leading companies all declined.

Import scale of overhead cranes and gantry cranes in Argentina
In 2021, approximately X transport cranes, gantry cranes and overhead cranes were imported into Argentina; an increase of X% compared to 2020 figures. During the period under review, there was a modest increase in imports. The growth rate was most pronounced in 2018, when 10 ton gantry crane imports increased by X% year-on-year. Imports hit an all-time high in 2021 during the review period and are expected to keep growing for years to come.

Imports of transport and overhead cranes soar to $X in 2021 by value. Overall, imports fell sharply. The most significant growth rate was recorded in 2017, with a year-on-year increase of X%. During the period under review, imports peaked at $X in 2012; however, imports declined slightly from 2013 to 2021.

In 2021, Ireland (X units) was the leading supplier of transport and overhead cranes to Argentina, accounting for approximately X% of total imports.

From 2012 to 2021, Ireland will have an average annual growth rate of +X%.

Ireland ($X) is the largest supplier of transport and overhead cranes to Argentina by value.

From 2012 to 2021, Ireland will experience an average annual value growth rate of -X%.

Statistics of various crane suppliers in Argentina
Ireland is Argentina’s largest supplier of transport and overhead cranes by value.

In terms of value, the largest markets for transport and overhead cranes exported from Argentina are Uruguay, Paraguay and Bolivia, which together account for 70% of total exports. These countries are followed by Brazil, Venezuela, Peru and Chile, which together account for 30%.

The average export price of transport and overhead cranes in 2021 is $14,375 per unit, down -8.4% from the previous year

In 2021, the average import price of transport and overhead cranes is $11,834 per unit, down -29.9% from the previous year.

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Argentina Overhead and Gantry Cranes Market Study 2022