ASEAN: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2025

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in ASEAN

The ASEAN transporter and bridge cranes market rose sharply to $X in 2021, with an increase of 6.8% against the previous year. Overall, consumption recorded a slight decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in ASEAN

In value terms, transporter and bridge cranes production declined to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 175% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports in ASEAN

In 2021, overseas shipments of transporter cranes, gantry cranes and bridge cranes increased by 50% to X units, rising for the second year in a row after three years of decline. In general, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 66% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, transporter and bridge cranes exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Thailand (X units) represented the main exporter of transporter cranes, gantry cranes and bridge cranes, creating 57% of total exports. Singapore (X units) ranks second in terms of the total exports with a 23% share, followed by Indonesia (9.1%) and Malaysia (6.9%). The Philippines (X units) took a relatively small share of total exports.

Thailand was also the fastest-growing in terms of the transporter cranes, gantry cranes and bridge cranes exports, with a CAGR of +38.3% from 2012 to 2021. At the same time, the Philippines (+35.3%) displayed positive paces of growth. By contrast, Malaysia (-8.3%), Indonesia (-13.0%) and Singapore (-17.4%) illustrated a downward trend over the same period. While the share of Thailand (+56 p.p.) and the Philippines (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-7.9 p.p.) and Singapore (-46.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Singapore ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 88% of total exports.

Thailand, with a CAGR of +30.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, which is down by -6.3% against the previous year. Overall, the export price saw a pronounced curtailment. The growth pace was the most rapid in 2019 when the export price increased by 22%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+9.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports in ASEAN

In 2021, purchases abroad of transporter cranes, gantry cranes and bridge cranes was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2015 with an increase of 21% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, transporter and bridge cranes imports soared to $X in 2021. In general, imports, however, showed a perceptible decrease. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Singapore (X units) represented the main importer of transporter cranes, gantry cranes and bridge cranes, creating 55% of total imports. Vietnam (X units) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (13%), Thailand (6.6%) and Malaysia (5.4%). The Philippines (X units) took a relatively small share of total imports.

Singapore experienced a relatively flat trend pattern with regard to volume of imports of transporter cranes, gantry cranes and bridge cranes. At the same time, Thailand (+4.1%) and Vietnam (+1.4%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +4.1% from 2012-2021. By contrast, Malaysia (-3.7%), the Philippines (-11.7%) and Indonesia (-15.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore, Vietnam and Thailand increased by +21, +6.1 and +3.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported transporter cranes, gantry cranes and bridge cranes in ASEAN, comprising 60% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 16% share of total imports. It was followed by Thailand, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore was relatively modest. In the other countries, the average annual rates were as follows: Vietnam (+0.5% per year) and Thailand (+4.3% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2021, growing by 20% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+5.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform