South-Eastern Asia: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in South-Eastern Asia

In 2022, the Southeast Asian overhead travelling crane market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Overhead Travelling Crane Production in South-Eastern Asia

In value terms, overhead travelling crane production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced slump. The growth pace was the most rapid in 2017 when the production volume increased by 13% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Overhead Travelling Crane Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of overhead travelling cranes on fixed support was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 106% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, overhead travelling crane exports surged to $X in 2022. In general, exports, however, saw a slight slump. The most prominent rate of growth was recorded in 2016 when exports increased by 71%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Malaysia (X units) and Singapore (X units), together finishing at 97% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Singapore (with a CAGR of +1.1%).

In value terms, Malaysia ($X) remains the largest overhead travelling crane supplier in South-Eastern Asia, comprising 79% of total exports. The second position in the ranking was taken by Singapore ($X), with a 12% share of total exports.

In Malaysia, overhead travelling crane exports shrank by an average annual rate of -1.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, rising by 3.5% against the previous year. Overall, the export price, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2016 an increase of 35%. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Singapore amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-1.9%).

Overhead Travelling Crane Imports

Imports in South-Eastern Asia

In 2022, after three years of decline, there was significant growth in supplies from abroad of overhead travelling cranes on fixed support, when their volume increased by 17% to X units. Overall, imports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 when imports increased by 90% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, overhead travelling crane imports soared to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 90% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Indonesia (X units) and the Philippines (X units) represented roughly 53% of total imports in 2022. Vietnam (X units) ranks next in terms of the total imports with a 14% share, followed by Thailand (12%), Singapore (9%) and Malaysia (8.6%). Cambodia (X units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +40.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest overhead travelling crane importing markets in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and Malaysia ($X), together comprising 79% of total imports.

Vietnam, with a CAGR of +20.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, picking up by 14% against the previous year. Overall, the import price continues to indicate perceptible growth. The growth pace was the most rapid in 2013 when the import price increased by 119%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+10.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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