Germany, Poland and Italy Are the Main Suppliers on the Chinese Crane Market

Motor Vehicles July 03, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

IndexBox has just published a new report "China: Crane – Market Report. Analysis and Forecast to 2025". Here is a summary of the report’s key findings.

Cranes Consumption in China Recorded a Steady Upward Trend

According to IndexBox estimates, China’s cranes market attained a figure of 443 thousand units, 43 thousand units (or +11%) more than in 2015. This resulted from a robust market expansion from 2010-2016, driven by strong economy and foreign trade growth, as well as an increase in construction amid ongoing urbanization and increasing incomes.

China’s Cranes Market Is Entirely Buoyed by Domestic Production

In 2016, China's cranes market was based almost totally on domestic production (99.9% in physical terms, and 99.9% in value terms), proving that China is not dependent on the global cranes market. 

In 2016, per capita cranes consumption in China was estimated at 313 units/thousand person, with an annual increase of +11.2% from 2007 to 2016. In value terms, per capita cranes consumption in China amounted to 13 USD/year, with a CAGR of +15.7%.

The Cranes Market in China Is to Continue Its Consumption Trend at a Robust Pace

Cranes are consumed largely in construction,  mining and other industries, as well as transport infrastructure facilities. The development of these industries is determined by the general state of the economy and the volume of investment in fixed assets, as well as urbanization processes and the development of trade intensity (which leads to an increase in the volume of cargo transshipment).

Driven by the tangible economic growth in China, as well as a strong impact from infrastructural construction and, to a lesser extent, some industrial construction in the inner China, the cranes market is expected to continue its robust upward consumption trend over the next nine years.

The performance of the market is forecast to increase at an average annual rate of +6.1% for the nine-year period from 2015 to 2025, which is projected to lead  the market volume to 754 thousand units by the end of 2025.

China’s Cranes Manufacturing Illustrated Double-digit Growth

China’s cranes manufacturing reached to 467 thousand units, illustrated a positive dynamic in volume terms of production over the past seven years, increasing with a CAGR of +11.0% from 2007 to 2016. In value terms,  production of cranes in the China also showed positive dynamics, fluctuating only slightly in certain years. In 2016 the value of production stood at 72.3 billion USD.

China Remains a Net Exporter of Cranes

Over the period under review, China was a net exporter of cranes. In physical and value terms, exports consistently exceeded imports from 2007 to 2016. In 2016, net exports amounted to 26.3 thousand units. In the medium term, no significant reduction is projected regarding the disparities in the export and import figures for cranes. In value terms, the difference in the trade balance was also notable due to lower export prices. 

The U.S. Was the Main Comsumer of China Cranes Exports

In 2016, China’s cranes exports amounted to 4,072 million USD, with a CAGR of +5.9%. In physical terms, China’s cranes exports stood at 26,286 units in 2016. There was an annual increase of +1.6%.

In 2016, ships' derricks; cranes, incl. cable cranes was the largest share of exports (47%). It was followed by overhead travelling cranes, transporter cranes, gantry cranes, bridge cranes and mobile lifting frames (14% share of the total exports). From 2007 to 2016, among these types overhead travelling cranes, transporter cranes, gantry cranes, bridge cranes and mobile lifting frames had the highest growth rates of +10.1%, while ships' derricks; cranes, incl. cable cranes had more slowly growth rates of +1.6%.

The U.S. was the main comsumer of China cranes exports, making up 29% share of the total exports. The U.S. became the fastest growing country of destination. From 2007 to 2016, average annual growth rates of cranes exports to the U.S. was +12.1%. Also the share of the U.S. increased significantly by +17 percentage points from 2007 to 2016, while the shares of the balance of the countries remained relatively stable throughout the analyzed period.

Germany, Poland and Italy Were the Main Suppliers of Cranes to China

In value terms, China’s cranes imports amounted to 269 million USD, with an annual decrease of -5.9% for the period from 2007 to 2016. The volume of China’s cranes imports stood at 2,168 units in 2016; there was an annual decrease of -3.1%.

In 2016, among types of China’s crans import overhead travelling cranes on fixed support held the largest share (33%). It was followed by ships' derricks; cranes, incl. cable cranes (23%), portal or pedestal jib cranes (23%), and cranes designed for mounting on road vehicles (14%). While portal or pedestal jib cranes showed positive dynamics, othes countries illustrated negative dynamcis from 2007 to 2016. 

In 2016, Germany (39%), Poland (14%) and Italy (10%) were the main exporting countries of cranes to the China, together making up 63% of total imports. 

Among these countries Poland had the highest growth rates of exports, with an annual increase of +57.8%. The other major exporting countries illustrated more moderate growth over the last nine years.

Germany, Poland and Italy significantly strengthened their position in terms of the China’s imports from 2007 to 2016. While other countries indicated negative dynamics (excluding the Republic of Korea, which remained relatively stable ) throughout the analyzed period.

Do you want to know more about the crane market in China? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • crane market share
  • crane prices
  • crane industry
  • crane sales
  • crane import
  • crane export
  • crane market forecast
  • crane price forecast
  • key crane producers

Source: China: Crane – Market Report. Analysis and Forecast to 2025