Asia-Pacific: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Asia-Pacific

The Asia-Pacific overhead travelling crane market reduced to $X in 2023, dropping by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Overhead Travelling Crane Production in Asia-Pacific

In value terms, overhead travelling crane production declined to $X in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Overhead Travelling Crane Exports

Exports in Asia-Pacific

In 2023, shipments abroad of overhead travelling cranes on fixed support increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked in 2023 and is likely to continue growth in the immediate term.

In value terms, overhead travelling crane exports soared to $X in 2023. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2023 and are likely to see steady growth in the near future.

Exports by Country

China dominates exports structure, amounting to X units, which was approx. X% of total exports in 2023. India (X units) and Malaysia (X units) took a minor share of total exports.

China was also the fastest-growing in terms of the overhead travelling cranes on fixed support exports, with a CAGR of X% from 2012 to 2023. At the same time, India (X%) and Malaysia (X%) displayed positive paces of growth. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest overhead travelling crane supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($X), with an X% share of total exports.

In China, overhead travelling crane exports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: India (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2023, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the export price figures.

Overhead Travelling Crane Imports

Imports in Asia-Pacific

In 2023, supplies from abroad of overhead travelling cranes on fixed support increased by X% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, overhead travelling crane imports expanded significantly to $X in 2023. Total imports indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

Imports by Country

Indonesia (X units), India (X units) and Thailand (X units) represented roughly X% of total imports in 2023. China (X units) took the next position in the ranking, followed by Bangladesh (X units). All these countries together took near X% share of total imports. Singapore (X units), South Korea (X units), Australia (X units), Taiwan (Chinese) (X units), New Zealand (X units), the Philippines (X units), Nepal (X units) and Vietnam (X units) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by New Zealand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Indonesia ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Taiwan (Chinese), Bangladesh, Singapore, Thailand, New Zealand, China, Nepal, Australia, the Philippines and Vietnam lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, New Zealand, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per unit, remaining stable against the previous year. Overall, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform