India: Mobile Lifting Frame Market 2024

Mobile Lifting Frame Market Size in India

In 2021, the Indian mobile lifting frame market increased by 3.6% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Mobile Lifting Frame Production in India

In value terms, mobile lifting frame production stood at $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 3.4%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Mobile Lifting Frame Exports

Exports from India

Mobile lifting frame exports from India reduced sharply to X units in 2021, which is down by -79% compared with the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 230%. Over the period under review, the exports hit record highs at X units in 2020, and then dropped remarkably in the following year.

In value terms, mobile lifting frame exports fell rapidly to $X in 2021. In general, exports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2014 with an increase of 194%. The exports peaked at $X in 2020, and then fell rapidly in the following year.

Exports by Country

The Philippines (X units), Malaysia (X units) and Thailand (X units) were the main destinations of mobile lifting frame exports from India, with a combined 40% share of total exports. Bangladesh, Nigeria, Madagascar, Singapore, Zimbabwe, Bhutan, Mongolia and Mexico lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bhutan (with a CAGR of +45.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mobile lifting frame exported from India were the Philippines ($X), Malaysia ($X) and Thailand ($X), together comprising 40% of total exports. Bangladesh, Nigeria, Madagascar, Singapore, Zimbabwe, Bhutan, Mongolia and Mexico lagged somewhat behind, together comprising a further 46%.

In terms of the main countries of destination, Bhutan, with a CAGR of +53.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mobile lifting frame export price stood at $X per unit in 2021, approximately equating 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 2015 when the average export price increased by 23%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Malaysia ($X per unit) and the Philippines ($X per unit), while the average price for exports to Thailand ($X per unit) and Singapore ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mobile Lifting Frame Imports

Imports into India

In 2021, imports of mobile lifting frames on tyres and straddle carriers into India soared to X units, rising by 99% against 2020. In general, imports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of 1,076%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, mobile lifting frame imports soared to $X in 2021. Over the period under review, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 1,099% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and Oman (X units) were the main suppliers of mobile lifting frame imports to India, with a combined 100% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +30.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), China ($X) and Oman ($X) were the largest mobile lifting frame suppliers to India, together comprising 100% of total imports.

In terms of the main suppliers, Oman, with a CAGR of +28.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average mobile lifting frame import price amounted to $X per unit, declining by -12.6% against the previous year. Over the period under review, the import price recorded a noticeable contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by 31% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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