Asia-Pacific: Mobile Lifting Frame Market 2024

Mobile Lifting Frame Market Size in Asia-Pacific

The Asia-Pacific mobile lifting frame market was finally on the rise to reach $X in 2021, after four years of decline. In general, consumption, however, showed a mild downturn. The most prominent rate of growth was recorded in 2016 when the market value increased by 5.2% against the previous year. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Mobile Lifting Frame Production in Asia-Pacific

In value terms, mobile lifting frame production reached $X in 2021 estimated in export price. Overall, production, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2016 with an increase of 6.8%. 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-Pacific

Mobile lifting frame exports dropped to X units in 2021, which is down by -12.4% on the previous year's figure. In general, exports recorded a perceptible slump. The pace of growth appeared the most rapid in 2016 when exports increased by 77%. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, mobile lifting frame exports declined dramatically to $X in 2021. Over the period under review, exports saw a slight curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 65% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Japan (X units) was the key exporter of mobile lifting frames on tyres and straddle carriers, generating 53% of total exports. China (X units) held a 26% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (9%) and Taiwan (Chinese) (5%). The following exporters - India (X units) and Singapore (X units) - together made up 4.4% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Japan (with a CAGR of +13.7%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest mobile lifting frame supplier in Asia-Pacific, comprising 58% of total exports. The second position in the ranking was held by China ($X), with a 28% share of total exports. It was followed by Taiwan (Chinese), with a 3.5% share.

In Japan, mobile lifting frame exports expanded 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 Taiwan (Chinese) (+3.4% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, reducing by -7.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2018 when the export price increased by 23%. The level of export peaked at $X per unit in 2020, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.2%), while the other leaders experienced more modest paces of growth.

Mobile Lifting Frame Imports

Imports in Asia-Pacific

Mobile lifting frame imports fell dramatically to X units in 2021, declining by -23.5% against the previous year's figure. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 25%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, mobile lifting frame imports contracted to $X in 2021. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 93%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia represented the main importer of mobile lifting frames on tyres and straddle carriers in Asia-Pacific, with the volume of imports reaching X units, which was approx. 33% of total imports in 2021. India (X units) ranks second in terms of the total imports with a 16% share, followed by Bangladesh (11%), Indonesia (11%), South Korea (7.8%) and New Zealand (5.1%). Singapore (X units) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of +2.8% from 2012 to 2021. At the same time, Bangladesh (+10.7%) and New Zealand (+2.5%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +10.7% from 2012-2021. By contrast, South Korea (-2.4%), India (-4.9%), Singapore (-16.9%) and Indonesia (-17.6%) illustrated a downward trend over the same period. While the share of Australia (+21 p.p.), Bangladesh (+8.6 p.p.), India (+4 p.p.), South Korea (+3.2 p.p.) and New Zealand (+3.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-6.5 p.p.) and Indonesia (-18.3 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported mobile lifting frames on tyres and straddle carriers in Asia-Pacific, comprising 33% of total imports. The second position in the ranking was held by India ($X), with a 14% share of total imports. It was followed by South Korea, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to -2.3%. In the other countries, the average annual rates were as follows: India (-6.7% per year) and South Korea (+7.3% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, picking up by 18% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 54%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per unit), while Indonesia ($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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