Self-propelled derricks and cranes market in Czechia

Earlier Report Observations

The Czech market for self-propelled derricks and cranes saw significant fluctuations from 2018 to 2023. After reaching a peak of 408 thousand units in 2019, the market volume contracted sharply to 290 thousand units in 2020 and fell further to 195 thousand units in 2021. A recovery then took hold, with the market expanding to 258 thousand units in 2022 and reaching 274 thousand units in 2023.

Domestic production more than halved from 363 thousand units in 2018 to a low of 147 thousand units in 2020, before stabilizing at approximately 161-163 thousand units annually from 2021 onward. Imports surged to 191 thousand units in 2019 and remained elevated in 2020, then dropped precipitously in 2021 before rising again in 2022 and 2023. Exports declined from 71 thousand units in 2018 to a minimal 5 thousand units in 2021, then partially recovered to 30 thousand units by 2023.

The overall market size was heavily influenced by these swings in import volumes, which offset the sustained lower level of domestic output after 2020. By 2023, the market had recovered to about two-thirds of its 2019 peak volume.

Production self-propelled derricks and cranes in Czechia

In value, 2018-2021, K $ US

Following a two-year decline, Czechia's production of self-propelled derricks and cranes rebounded in value terms. In 2021, output reached 7 033 thousand US dollars, marking a significant 31.4% increase compared to the previous year. However, over the broader period from 2018 to 2021, production value fell by 51.4%, with a compound annual growth rate of -21.4%. The lowest point occurred in 2020 at 5 352 thousand US dollars, which also saw the steepest annual decline of 52.2%.

Annual dynamics of production in Czechia in value, 2018-2021, K $ US

In kind, 2018-2021, unit

After two consecutive years of contraction, Czechia's production of self-propelled derricks and cranes showed a recovery in physical units. In 2021, the country produced 163.0 units, representing a notable 10.9% year-on-year rise. Despite this recent uptick, production volume decreased by 55.1% overall from 2018 to 2021, with a compound annual growth rate of -23.4%. The trough was recorded in 2020 at 147.0 units, which also experienced the largest annual drop of 42.1%.

Annual dynamics of production in Czechia in kind, 2018-2021, unit

Exports self-propelled derricks and cranes from Czechia

Exports in kind, unit

Czechia's exports of self-propelled derricks and cranes in physical units declined for the third year in a row. In 2021, exports fell to just 5.0 units, down sharply by 82.8% from 2020. Over the four-year span from 2018 to 2021, exports plummeted by 92.9%, equating to an annualized decline rate of 58.7%.

Annual dynamics of product's exports from Czechia in kind, 2018-2021, unit

From 2018 to 2021, Slovakia, India, and Denmark consistently led as the top destinations for Czechia's exports of self-propelled derricks and cranes in physical units. Slovakia accounted for 29.9% of exports, India for 26.0%, and Denmark for 14.3%. Together, these three countries represented 70.1% of total export flows during this period.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Czechia in kind, 2018-2021

Exports in value, K $ US

Czechia's exports of self-propelled derricks and cranes in value terms continued to decline for the third consecutive year. In 2021, exports amounted to 901 thousand US dollars, reflecting a sharp 56.0% decrease from 2020. Over the 2018-2021 period, export value dropped by 77.4%, with a compound annual growth rate of -39.1%.

Annual dynamics of product's exports from Czechia in value, 2018-2021, K $ US

Throughout 2018 to 2021, Slovakia, India, and Denmark formed the core of Czechia's exports of self-propelled derricks and cranes in value terms. Slovakia held a 26.0% share, India 19.9%, and Denmark 19.7%. Collectively, these three markets accounted for 65.7% of total export value flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Czechia in value, 2018-2021

Imports self-propelled derricks and cranes to Czechia

Imports in kind, unit

Import volumes of self-propelled derricks and cranes into Czechia exhibited significant volatility during these years. The period from 2019 to 2021 saw a peak-to-trough amplitude of 5.2 times. In 2021, imports stood at 37.0 units, which was 78.5% lower than the previous year. The highest level was recorded in 2019 at 191.4 units, which also saw the largest annual increase of 261.1%.

Annual dynamics of product's imports to Czechia in kind, 2018-2021, unit

Between 2018 and 2021, Germany and Italy dominated Czechia's imports of self-propelled derricks and cranes in physical units. Together, they accounted for 80.7% of total import flows, with other countries contributing smaller individual shares.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Czechia in kind, 2018-2021

Imports in value, K $ US

Import values of self-propelled derricks and cranes into Czechia showed irregular patterns, indicating a volatile market environment. Volumes peaked in 2019 and declined to their lowest point in 2020, with a top-to-bottom ratio of 2.8 times. In 2021, imports rebounded to 11 672 thousand US dollars, marking a substantial 148.0% increase year-on-year. The minimum value was recorded in 2020 at 4 706 thousand US dollars, while the maximum occurred in 2019 at 13 389 thousand US dollars. The largest annual decline was in 2020 at 64.9%.

Annual dynamics of product's imports to Czechia in value, 2018-2021, K $ US

From 2018 to 2021, Germany, Italy, and the United Kingdom remained the key sources for Czechia's imports of self-propelled derricks and cranes in value terms. Germany accounted for 43.3% of imports, Italy for 27.2%, and the United Kingdom for 7.8%. Together, these three countries represented 78.3% of total import value flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Czechia in value, 2018-2021