Japan: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Japan

The Japanese overhead travelling crane market stood at $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Overhead Travelling Crane Production in Japan

In value terms, overhead travelling crane production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 32%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Overhead Travelling Crane Exports

Exports from Japan

In 2022, shipments abroad of overhead travelling cranes on fixed support increased by 103% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, continue to indicate a deep contraction. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, overhead travelling crane exports rose markedly to $X in 2022. Over the period under review, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 87%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X units), China (X units) and the Netherlands (X units) were the main destinations of overhead travelling crane exports from Japan, together comprising 65% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +260.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for overhead travelling crane exported from Japan were Poland ($X), Myanmar ($X) and China ($X), with a combined 76% share of total exports.

Poland, with a CAGR of +134.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average overhead travelling crane export price stood at $X per unit in 2022, shrinking by -43.7% against the previous year. Overall, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2019 an increase of 128% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+49.2%), while the prices for the other major destinations experienced more modest paces of growth.

Overhead Travelling Crane Imports

Imports into Japan

In 2022, overseas purchases of overhead travelling cranes on fixed support increased by 20% to X units, rising for the third consecutive year after two years of decline. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 146% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, overhead travelling crane imports rose significantly to $X in 2022. Overall, imports, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of 137%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest overhead travelling crane supplier to Japan, accounting for a 45% share of total imports. Moreover, overhead travelling crane imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was held by Italy (X units), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.7% per year) and Italy (+8.0% per year).

In value terms, China ($X) constituted the largest supplier of overhead travelling cranes on fixed support to Japan, comprising 47% of total imports. The second position in the ranking was taken by the United States ($X), with a 22% share of total imports. It was followed by Italy, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.9% per year) and Italy (+3.3% per year).

Import Prices by Country

The average overhead travelling crane import price stood at $X per unit in 2022, declining by -7.3% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2017 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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