As a global crane service provider, Dongqi occupies a certain market share in the crane market in South Asia, such as L'inde, Sri Lanka, etc. Among them, India has a particularly large demand for cranes. In the past year, we have a total of 44 sets of electric hoists, 14 sets of gantry cranes, 27 sets of overhead cranes, 14 sets of jib cranes and several accessories were sold. We have a high focus on the crane market in South Asia. Recently, we have searched for some information in order to better provide high-quality crane services to customers in South Asia.
The bridge crane market in South Asia shrank to US $X in 2020, with a year-on-year decrease of - x%. Overall, however, consumption recorded a significant decline. In 2014, the growth rate was the fastest, and the market value increased by X% year-on-year. As a result, consumption reached a peak of $X. From 2015 to 2020, the market growth rate remained at a low level.
In terms of value and export price, the output of bridge crane will decrease significantly to US $X in 2020. However, there was a significant decline in production during the period under review. In 2014, the growth rate was the fastest, and the output increased by X% over the previous year. As a result, production reached the highest level of $X. From 2015 to 2020, output growth remained at a low level.
In 2020, after four years of growth, the overseas procurement volume of fixed support bridge crane decreased significantly, and its quantity decreased by - x% to x sets. However, during the period under review, imports recorded strong growth. In 2009, the growth rate was the fastest, with imports increasing by X% year-on-year. The import volume reached the peak of X units in 2019, and then decreased sharply the following year. In terms of value, the import of bridge cranes will drop rapidly to US $X in 2020. But overall, import growth was strong. In 2009, the growth rate was the fastest, with a year-on-year increase of X%. As a result, imports peaked at $X. From 2010 to 2020, import growth remained at a low level.
In 2020, the countries with the highest import volume of bridge cranes are Bangladesh (x sets), Pakistan (x sets) and India (x sets), accounting for X% of the total import volume. Nepal (x units) ranks second with X% of total imports, followed by Bhutan (x%). Maldives (unit x) is far behind the leader.
From 2007 to 2020, among the major importing countries, Nepal achieved the most significant procurement growth rate, while the imports of other leaders experienced a more moderate growth pace.
In terms of value, the largest bridge crane import markets in South Asia are Pakistan ($x), India ($x) and Bangladesh ($x), accounting for X% of the total import volume. Followed by Nepal, Bhutan and Maldives, which together account for the other X terms of the major importing countries, Maldives had the highest growth rate of import value during the period under review, while the procurement of other leaders experienced a more moderate growth rate.
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