South-Eastern Asia: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in South-Eastern Asia

The Southeast Asian transporter and bridge cranes market surged to $X in 2022, growing by X% against the previous year. Over the period under review, consumption showed mild growth. As a result, consumption attained the peak level of $X.4B. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in South-Eastern Asia

In value terms, transporter and bridge cranes production skyrocketed to $X.3B in 2022 estimated in export price. Overall, production recorded modest growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X.8B. From 2021 to 2022, production growth remained at a lower figure.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports in South-Eastern Asia

In 2022, overseas shipments of transporter cranes, gantry cranes and bridge cranes increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports, however, showed a noticeable setback. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, transporter and bridge cranes exports reduced notably to $X in 2022. Over the period under review, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore represented the largest exporter of transporter cranes, gantry cranes and bridge cranes in South-Eastern Asia, with the volume of exports resulting at X units, which was near X% of total exports in 2022. Indonesia (X units) took the second position in the ranking, followed by Thailand (X units) and Malaysia (X units). All these countries together held near X% share of total exports.

Exports from Singapore decreased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X), Indonesia ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, declining by X% against the previous year. Overall, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports in South-Eastern Asia

In 2022, purchases abroad of transporter cranes, gantry cranes and bridge cranes increased by X% to X units, rising for the second consecutive year after three years of decline. In general, imports saw a perceptible expansion. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, transporter and bridge cranes imports surged to $X in 2022. Overall, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X units), Singapore (X units), Myanmar (X units), Malaysia (X units), Thailand (X units) and Vietnam (X units) represented the key importer of transporter cranes, gantry cranes and bridge cranes in South-Eastern Asia, committing X% of total import. The Philippines (X units) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Indonesia ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Vietnam, Thailand, Myanmar and the Philippines lagged somewhat behind, together accounting for a further X%.

Myanmar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2019 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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