The Argentine lifting equipment market surges to $X in 2021, growing by 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). Overall, however, consumption continued to show a moderate decline. As a result, spending reached the highest level of X dollars. From 2015 to 2021, the market growth rate will remain at a low level.

Argentina’s lifting equipment export scale
After two years of growth, overseas shipments of lifting equipment fell by X% to X units in 2021. Overall, exports maintained moderate growth. 2014 saw the fastest growth, with exports increasing by X% over the previous year. As a result, exports peaked at X units. From 2015 to 2021, the export growth rate will remain at a low level.

In value terms, 2021 hoisting equipment exports are worth X dollars. Exports shrank sharply during the review period. 2014 saw the fastest growth, with exports up X% over the previous year. As a result, exports peaked at X dollars. From 2015 to 2021, the export growth rate will remain at a low level.

Colombia (X units) is the main destination for Argentina’s hoisting equipment exports, accounting for X% of total exports. In addition, exports of lifting equipment to Colombia exceeded three times that to Bolivia (X units), the second main destination. In third place is Peru (X units) with an X% share.

From 2012 to 2021, the average annual growth rate of freight volumes to Colombia totals +X%. Exports to other major destinations recorded the following average annual export growth rates: Bolivia (+X% per annum) and Peru (+X% per annum).

In value terms, Peru ($X) remains the main foreign market for Argentine hoisting equipment exports, accounting for X% of total exports. In second place is Bolivia ($X) with X% of total exports. It is followed by Brazil with an X% share.

From 2012 to 2021, the value to Peru will grow at an average annual rate of +X%. Exports to other major destinations recorded the following average annual export growth rates: Bolivia (-X% per annum) and Brazil (-X% per annum).

Argentina’s Import Scale of Lifting Equipment
In 2021, the foreign supply of lifting equipment increased by X% to X units for the first time since 2016, ending a four-year downward trend. However, imports fell sharply during the review period. The most significant growth rate occurred in 2014, with an increase of X%. As a result, imports peaked at X units. Import growth momentum failed to recover from 2015 to 2021.

In value terms, hoisting equipment imports rose significantly to $X in 2021. Overall, imports showed strong growth. The most significant growth rate occurred in 2014, which was an X% increase compared to the previous year. As a result, imports peaked at X dollars. Import growth momentum failed to recover from 2015 to 2021.

In 2021, China (X units) is Argentina’s largest supplier of lifting equipment, accounting for X% of total imports. In addition, imports of lifting equipment from China are ten times higher than the number recorded by the second largest supplier, Brazil (X units). In third place is Italy (X units) with an X% share.

From 2012 to 2021, the average annual growth rate of Chinese exports has been relatively modest. The average annual growth rates of imports for the remaining suppliers are as follows: Brazil (+X% per annum) and Italy (+X% per annum).

Argentina’s largest lifting equipment suppliers by value are Brazil ($X), Spain ($X) and China ($X), with X% of total imports. Spain, with a CAGR of +X%, had the highest growth in import value among the major suppliers during the period under review, while other leaders saw more modest growth in purchases.

Statistics of various crane suppliers in Argentina
Argentina’s largest suppliers of lifting equipment by value are Brazil, Spain and China, accounting for 84% of total imports.

In value terms, Peru remains the main foreign market for Argentine hoisting equipment exports, accounting for 74% of total exports. In second place is Bolivia, with 6% of total exports. It is followed by Brazil with a share of 4.6%.

The average export price of lifting equipment in 2021 is US$4,704 per unit, up 6.2% from the previous year.

The average import price of lifting equipment in 2021 will be USD 4,182 per unit, a decrease of -44.3% from the previous year.

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Argentina: Crane Equipment Market Analysis 2022