Malaysia: Truck Crane Market 2025

Truck Crane Market Size in Malaysia

The Malaysian truck crane market declined notably to $X in 2021, which is down by -25.1% against the previous year. Over the period under review, consumption continues to indicate a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Truck Crane Production in Malaysia

In value terms, truck crane production declined markedly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 256%. 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 Malaysia

In 2021, the amount of truck cranes exported from Malaysia soared to X units, surging by 276% on the previous year. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 289%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, truck crane exports soared to $X in 2021. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 320% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X units), China (X units) and the Philippines (X units) were the main destinations of truck crane exports from Malaysia, with a combined 11% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Taiwan (Chinese) ($X), Indonesia ($X) and China ($X) constituted the largest markets for truck crane exported from Malaysia worldwide, with a combined 73% share of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +19.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average truck crane export price amounted to $X per unit, increasing by 4.7% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, truck crane export price increased by +91.7% against 2017 indices. The growth pace was the most rapid in 2018 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Brunei Darussalam ($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 Taiwan (Chinese) (+71.5%), while the prices for the other major destinations experienced more modest paces of growth.

Truck Crane Imports

Imports into Malaysia

In 2021, overseas purchases of truck cranes decreased by -38.5% to X units, falling for the third consecutive year after three years of growth. In general, imports showed a perceptible contraction. The growth pace was the most rapid in 2014 with an increase of 185%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, truck crane imports contracted markedly to $X in 2021. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by 190%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X units), China (X units) and Australia (X units) were the main suppliers of truck crane imports to Malaysia, with a combined 8.6% share of total imports. Hong Kong SAR, Singapore, Germany and Belgium lagged somewhat behind, together accounting for a further 1.5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of 0.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of truck cranes to Malaysia, comprising 50% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports. It was followed by Germany, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-21.2% per year) and Germany (-25.3% per year).

Import Prices by Country

In 2021, the average truck crane import price amounted to $X per unit, with an increase of 3.5% against the previous year. Overall, the import price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17% 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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