The Asian crane market declined slightly to $X in 2020, down -X% from the previous year. Overall, consumption recorded a moderate decline. The most significant growth rate occurred in 2008, with an X% year-on-year increase. During the period under review, the market peaked at $X in 2009; however, from 2010 to 2020, consumption has remained low.
In value terms, 2020 crane production is estimated to contract to $X at export prices. Overall, however, production recorded a relatively flat trend pattern. The growth rate was most pronounced in 2012, with production increasing by X% over the previous year. As a result, production peaked at X dollars.
Production growth remained low from 2013 to 2020.
China (X units) is the country with the largest crane production, of which about X% of the total volume. In addition, China's crane production exceeded the figure recorded by Pakistan (X units), the second largest producer, by six times. South Korea (X units) occupies the third position in the ranking with an X% share. From 2007 to 2020, China's average annual growth rate was relatively modest. Average annual production growth rates for the remaining producing countries are as follows: Pakistan (+X% per annum) and South Korea (-X% per annum).
In 2020, after three years of growth, overseas shipments of cranes, mobile crane frames decreased -X% to X units. Overall, however, exports showed strong growth. The most significant growth rate occurred in 2012, which was an X% increase compared to the previous year. As a result, exports peaked at X units. From 2013 to 2020, the export growth rate remained at a low level. In terms of value, crane exports in 2020 dropped significantly to $X. Overall, however, exports continued to see a slight pullback. The most significant growth rate occurred in 2008, when exports increased by X% over the previous year. As a result, exports peaked at X dollars. Export growth failed to regain momentum between 2009 and 2020.
In 2020, China (X units) was the leading exporter of cranes, mobile crane frames, accounting for X% of total exports. Nhật bản (X units) ranks second, followed by Ấn độ (X units). All of these countries together account for nearly X% of total exports. South Korea (X units), Ả Rập Saudi (X đơn vị), Singapore (X đơn vị) và Thổ nhĩ kỳ (X units) are well behind the leaders.
From 2007 to 2020, the average annual growth rate of Chinese crane exports is +X%. Meanwhile, India (+X%), Saudi Arabia (+X%) and Turkey (+X%) showed positive growth. In addition, India emerged as the fastest growing exporter in Asia with a CAGR of +X% from 2007-2020. Singapore experienced a relatively flat trend pattern. In contrast, Japan (-X%) and South Korea (-X%) showed a downward trend over the same period.
From 2007 to 2020, the shares of China and India increased by +X% and +X% percentage points respectively, while the shares of Singapore (-X pp), South Korea (-X pp) and Japan (-X pp) increased decline. The share of other countries remained relatively stable throughout the analysis period.
China ($X) remains the largest crane supplier in Asia by value, accounting for X% of total exports. In second place is Japan ($X) with X% of total exports. It is followed by South Korea with an X% share.
From 2007 to 2020, the average annual value growth rate in China was relatively modest. The average annual export growth rates for the remaining exporting countries are as follows: Japan (-X% per year) and South Korea (-X% per year).
In 2020, crane imports in Asia decreased significantly to X units, down -X% year-on-year. During the period under review, imports contracted sharply. The growth rate was most significant in 2012, with an X% increase year-on-year. As a result, imports peaked at X units. Import growth failed to regain momentum between 2013 and 2020.
In value terms, crane imports fell sharply to $X in 2020. In general, imports fell significantly. In 2008, the growth rate was the fastest, with an increase of X% year-on-year. Import levels peaked at $X in 2015; however, imports declined slightly from 2016 to 2020.
In 2020, India (unit X), Israel (unit X), Singapore (unit X), Philippines (unit X), Indonesia (unit X), Các Tiểu Vương Quốc Ả Rập Thống Nhất (unit X), Malaysia (unit X), Saudi Arabia (unit X) X units), Việt nam (X units), South Korea (X units), Pakistan (X units) and Japan (X units) are the major importers of cranes and mobile cranes, accounting for X% of total imports.
From 2007 to 2020, the largest increase was in Israel, while other leaders saw more modest increases in purchases. By value, Israel ($X), Indonesia ($X) and Singapore ($X) were the top importers in 2020, accounting for X% of total imports. During the period under review, Israel had the highest import value growth rate among the major importing countries, while other leaders had more moderate purchase growth rates.
China ($2.6B) remains the largest crane supplier in Asia by value, accounting for 64% of total exports. In second place was Japan ($718 million), which accounted for 18% of total exports. It is followed by South Korea with a share of 4.6%.
The largest crane import markets in Asia by value are Israel ($363 million), Indonesia ($317 million) and Singapore ($289 million), which together account for 27% of total imports.
The export price of cranes in Asia in 2020 was USD 39,708 per unit, down -20.3% from the previous year.
In 2020, the import price of cranes in Asia was US$49,089/unit, a year-on-year increase of 23%.
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