Asia: Mobile Lifting Frame Market 2024

Mobile Lifting Frame Market Size in Asia

In 2021, the Asian mobile lifting frame market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption recorded a slight contraction. The growth pace was the most rapid in 2016 when the market value increased by 5.2% against the previous year. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Mobile Lifting Frame Production in Asia

In value terms, mobile lifting frame production reached $X in 2021 estimated in export price. In general, production, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 6.9% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Mobile Lifting Frame Exports

Exports in Asia

In 2021, approx. X units of mobile lifting frames on tyres and straddle carriers were exported in Asia; declining by -16.6% compared with 2020. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 77% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, mobile lifting frame exports shrank sharply to $X in 2021. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 66% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Japan represented the largest exporter of mobile lifting frames on tyres and straddle carriers in Asia, with the volume of exports amounting to X units, which was near 44% of total exports in 2021. China (X units) took a 22% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (7.5%), Kuwait (5.6%) and Saudi Arabia (5.1%). The following exporters - Taiwan (Chinese) (X units) and Lebanon (X units) - together made up 6.5% of total exports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +69.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest mobile lifting frame supplier in Asia, comprising 54% of total exports. The second position in the ranking was held by China ($X), with a 26% share of total exports. It was followed by Kuwait, with a 4.7% share.

In Japan, mobile lifting frame exports increased at an average annual rate of +14.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (-7.6% per year) and Kuwait (+87.9% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, remaining relatively unchanged against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.7%. The growth pace was the most rapid in 2013 an increase of 26% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2020, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+10.9%), while the other leaders experienced more modest paces of growth.

Mobile Lifting Frame Imports

Imports in Asia

In 2021, imports of mobile lifting frames on tyres and straddle carriers in Asia contracted remarkably to X units, dropping by -55.2% compared with the previous year. Over the period under review, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 42%. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, mobile lifting frame imports shrank significantly to $X in 2021. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 66% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X units), Qatar (X units), Bangladesh (X units), Indonesia (X units) and South Korea (X units) was the largest importer of mobile lifting frames on tyres and straddle carriers in Asia, comprising 71% of total import. It was distantly followed by Singapore (X units), mixing up a 5.4% share of total imports. The following importers - the Philippines (X units), Thailand (X units), Vietnam (X units) and the United Arab Emirates (X units) - together made up 10% of total imports.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +10.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, India ($X), Qatar ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 46% share of total imports. Bangladesh, Singapore, Indonesia, Thailand, the United Arab Emirates, the Philippines and Vietnam lagged somewhat behind, together accounting for a further 34%.

Bangladesh, with a CAGR of +14.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, picking up by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2017 an increase of 21% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+10.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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