Southern Asia: Mobile Lifting Frame Market 2025

Mobile Lifting Frame Market Size in Southern Asia

The South Asian mobile lifting frame market rose slightly to $X in 2021, surging by 1.7% against the previous year. In general, consumption, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 4.1% against the previous year. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Mobile Lifting Frame Production in Southern Asia

In value terms, mobile lifting frame production reduced modestly to $X in 2021 estimated in export price. Overall, production showed a slight shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by 3.7% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Mobile Lifting Frame Exports

Exports in Southern Asia

Mobile lifting frame exports dropped rapidly to X units in 2021, shrinking by -78.5% compared with the previous year's figure. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 203% against the previous year. The volume of export peaked at X units in 2020, and then contracted markedly in the following year.

In value terms, mobile lifting frame exports shrank rapidly to $X in 2021. In general, exports, however, continue to indicate a modest increase. The pace of growth appeared the most rapid in 2014 with an increase of 171%. The level of export peaked at $X in 2020, and then declined markedly in the following year.

Exports by Country

India dominates exports structure, accounting for X units, which was near 98% of total exports in 2021. Sri Lanka (X units) held a minor share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of mobile lifting frames on tyres and straddle carriers. At the same time, Sri Lanka (+7.0%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +7.0% from 2012-2021. India (+42 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest mobile lifting frame supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India amounted to +2.4%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, waning by -1.8% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mobile lifting frame export price decreased by -1.9% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 54% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sri Lanka ($X per unit), while India totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.2%).

Mobile Lifting Frame Imports

Imports in Southern Asia

Mobile lifting frame imports soared to X units in 2021, growing by 127% compared with 2020 figures. Overall, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, mobile lifting frame imports surged to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

India (X units) and Bangladesh (X units) dominates imports structure, together achieving 91% of total imports. The following importers - Sri Lanka (X units), Maldives (X units) and Pakistan (X units) - together made up 7.3% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Pakistan (with a CAGR of +12.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Bangladesh ($X) and Sri Lanka ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 95% of total imports.

Bangladesh, with a CAGR of +14.2%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 Southern Asia stood at $X per unit in 2021, reducing by -2% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Bangladesh ($X per unit) and Pakistan ($X per unit), while Maldives ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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