From January to June 2021, the trade volume between China and Indonesia was US$53.57 billion, a year-on-year increase of 50.7%. Among them, China’s exports to Indonesia were US$27.29 billion and imports from Indonesia were US$26.28 billion, up 49.5% and 52.0% year-on-year respectively.
From January to June 2021, the contract value of new projects signed by Chinese companies in Indonesia was US$4.63 billion, a year-on-year increase of 25.7%; the completed turnover was US$2.52 billion, a year-on-year decrease of 20.4%.
Trade between China and Indonesia is of interest. China has invested heavily in infrastructure construction in Indonesia in recent years. These economic engineering efforts have brought China and Indonesia closer together. As a Chinese crane supplier, Dongqi Cần Cẩu has provided support for many crane projects in Indonesia's engineering construction and workshops. In the past 2021, Dongqi Crane has completed 24 crane projects in Indonesia. The project design electric Hoist, bridge crane, gantry crane and other lifting equipment. This article will analyze the market size and trend of overhead cranes in Indonesia in 2022 through the historical data of overhead cranes in Indonesia
Before we start discussing the aerial crane market in Indonesia, we have a few small questions that need to be answered first. Let’s take a look
In 2020, the Indonesian Overhead Crane Market fell -X% to X USD, declining for the second consecutive year after two years of growth. Overall, however, consumption continued to show strong growth momentum. The growth rate was most pronounced in 2008, when market value increased by X% over the previous year. Overhead crane consumption peaked at $X in 2018; however, from 2019 to 2020, consumption was at a lower level.
In 2020, overseas shipments of fixed-support overhead cranes fell -X% to X units for the first time since 2016, ending a three-year downward trend. Overall, exports suffered a severe setback. The most significant growth rate occurred in 2010, with an X% year-on-year increase. Exports peaked at X units in 2016; however, from 2017 to 2020, exports were slightly lower.
Overhead crane exports expanded significantly to $X in 2020 in value terms. During the period under review, exports grew strongly. The most significant growth rate occurred in 2014, when exports increased by X% over the previous year. As a result, exports peaked at X dollars. From 2015 to 2020, export growth remained low.
Saudi Arabia (unit X), United Arab Emirates (unit X) and Malaysia (unit X) were the main destinations for Indonesia's overhead crane exports, together accounting for X% of total exports. From 2007 to 2020, Saudi Arabia saw the largest increase in shipments, while other leaders saw more modest growth in shipments.
By value, the largest markets for overhead cranes exported from Indonesia are Saudi Arabia (USD X), United Arab Emirates (USD X), and Singapore (USD X), with an X% share of total exports. In terms of major destination countries, Saudi Arabia (+X% per annum) experienced the highest export value growth during the period under review, while other countries experienced more moderate export growth.
In 2020, overseas purchases of fixed-support overhead cranes fell -X% to X units, the second consecutive year of decline after three consecutive years of growth. Overall, however, imports continued to show resilient growth. In 2008, the growth rate was the fastest, with imports increasing by X% year-on-year. During the period under review, imports reached an all-time high for X units in 2011; however, from 2012 to 2020, imports failed to regain momentum.
Overhead crane imports contracted sharply to $X in 2020 in value terms. But overall, imports recorded a significant increase. The most significant growth rate occurred in 2008, when imports increased by X% year-on-year. Imports peaked at $X in 2011; however, from 2012 to 2020, imports declined slightly.
In 2020, China (X units) was Indonesia's largest supplier of overhead cranes, accounting for X% of total imports. In addition, overhead cranes imported from China were eight times higher than the number recorded by the second largest supplier, Malaysia (X units). Sweden (X units) ranks third with X% of total imports. From 2007 to 2020, the average annual growth rate of sales from China totaled +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Malaysia (+X% per annum) and Sweden (+X% per annum).
China (USD X) is Indonesia's largest supplier of overhead cranes by value, accounting for X% of total imports. In second place is Malaysia ($X) with X% of total imports. It is followed by South Korea with an X% share. From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Malaysia (+X% per annum) and South Korea (+X% per annum).
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