As the largest economy in Southeast Asia, Indonesia released the latest foreign media forecast data for 2021. The Indonesian government predicts that in 2021, Indonesia's exports may hit a record high, reaching a maximum of US$225 billion to US$230 billion. In its latest forecast report, Indonesia said it would earn a lot of foreign exchange earnings through exports, benefiting from record high prices for major commodities such as coal, palm oil, tin, steel and rubber.
As a crane manufacturer that provides crane services to the world, Dongqi has a very optimistic view on the development prospects of the Southeast Asian market. With the simultaneous development of economy and industry in Southeast Asian countries, the market scale of cranes in various countries has grown. There is data showing that the import volume of cranes in Southeast Asian countries will drop slightly in 2020, so what will happen to this data in 2022?
In 2020, the bridge crane market in Southeast Asia decreased by - x% to US $X, and decreased for the second consecutive year after three years of growth. From 2007 to 2020, the total consumption showed a moderate growth trend: in the past 13 years, its value has increased at an average annual rate of + X%. However, the trend pattern indicates that some significant fluctuations were recorded throughout the analysis. According to the data of 2020, compared with the index of 2018, consumption decreased by - x%. The most significant growth rate occurred in 2009, an increase of X% compared with the previous year. The consumption level reached the peak of US $X in 2018; However, from 2019 to 2020, consumption failed to regain momentum.
In 2020, the overseas procurement volume of fixed support bridge cranes decreased by - x% to x sets, and decreased for the second consecutive year after three years of growth. Overall, however, imports increased slightly. The growth rate was most significant in 2009, when imports increased by X% over the previous year. During the review period, the import volume reached the maximum of X units in 2018; However, from 2019 to 2020, the import volume decreased slightly. In value terms, the import of bridge cranes will shrink significantly to US $X in 2020. Overall, however, imports recorded a moderate increase. In 2009, the growth rate was the fastest, with imports increasing by X% over the previous year. During the period under review, imports reached a maximum of US $X in 2018; However, from 2019 to 2020, imports failed to regain momentum.
In 2020, Indonesia (X units) was the leading importer of fixed-support overhead cranes, followed by Malasia (X units), the Filipinas (X unidades), Tailandia (X unidades) y Singapur (X units), which together accounted for the total imports X%. The following importers - Vietnam (X unidades) y Camboya (X units) - together account for X% of total imports.
From 2007 to 2020, among the major importing countries, the Philippines saw the most significant growth in purchases, while other major importing countries experienced slower import growth.
In terms of value, Indonesia ($X), Singapore ($X) and Thailand ($X) appear to be the countries with the highest import levels in 2020, collectively accounting for X% of total imports. These countries are followed by Vietnam, the Philippines, Malaysia and Cambodia, which together have seen the highest growth in import value among major importing countries during the reporting period, while other leaders have seen slower growth in purchases .
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