Japan: Truck Crane Market 2025

Truck Crane Market Size in Japan

The Japanese truck crane market shrank slightly to $X in 2021, falling by -2.4% against the previous year. In general, consumption, however, showed a deep contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Truck Crane Production in Japan

In value terms, truck crane production reduced to $X in 2021 estimated in export price. Overall, production recorded a deep contraction. The growth pace was the most rapid in 2018 with an increase of 20%. Truck crane production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Truck Crane Exports

Exports from Japan

After three years of decline, shipments abroad of truck cranes increased by 5.1% to X units in 2021. Overall, exports, however, faced a deep reduction. The growth pace was the most rapid in 2015 with an increase of 17%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, truck crane exports rose notably to $X in 2021. In general, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of 14%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for truck crane exports from Japan, with a 18% share of total exports. Moreover, truck crane exports to the United Arab Emirates exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), twofold. Iraq (X units) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+24.7% per year) and Iraq (+22.1% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for truck cranes exports from Japan, comprising 27% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by Thailand, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Taiwan (Chinese) stood at +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-16.2% per year) and Thailand (-9.4% per year).

Export Prices by Country

In 2021, the average truck crane export price amounted to $X per unit, approximately mirroring the previous year. Overall, the export price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 1.5%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Uganda ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-13.6%), while the prices for the other major destinations experienced a decline.

Truck Crane Imports

Imports into Japan

In 2021, approx. X units of truck cranes were imported into Japan; jumping by 29% on the previous year. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 43% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, truck crane imports surged to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 46%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of truck crane to Japan, with a 16% share of total imports. It was followed by India (X units), with a 0.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -1.0%.

In value terms, Germany ($X) constituted the largest supplier of truck cranes to Japan, comprising 99% of total imports. The second position in the ranking was taken by India ($X), with a 0.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +1.4%.

Import Prices by Country

The average truck crane import price stood at $X per unit in 2021, declining by -7.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 11% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for India stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.5%).

Source: IndexBox Platform

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