Malaysia - Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers And Work Trucks Fitted With A Crane - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCrane Price in Malaysia - 2021
Contents:
- Crane Price in Malaysia (CIF) - 2021
- Crane Price in Malaysia (FOB) - 2021
- Crane Imports in Malaysia
- Crane Exports in Malaysia
Crane Price in Malaysia (CIF) - 2021
In December 2021, the average crane import price amounted to $157K per unit, increasing by 22% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in June 2021 an increase of 37% against the previous month. The import price peaked in December 2021.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Japan ($159K per unit), while the price for China totaled $61,089 per unit.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.9%).
Crane Price in Malaysia (FOB) - 2021
In December 2021, the average crane export price amounted to $144K per unit, falling by -20.5% against the previous month. Overall, export price indicated pronounced growth from December 2020 to December 2021: its price increased at an average monthly rate of +2.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, crane export price decreased by -20.5% against November 2021 indices. The most prominent rate of growth was recorded in July 2021 when the average export price increased by 96% against the previous month. Over the period under review, the average export prices hit record highs at $199K per unit in February 2021; however, from March 2021 to December 2021, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2021, the country with the highest price was Canada ($334K per unit), while the average price for exports to Australia ($82,866 per unit) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Crane Imports in Malaysia
In 2022, crane imports into Malaysia expanded remarkably to 11K units, increasing by 9% against 2021. The total import volume increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 14%. As a result, imports reached the peak of 11K units; afterwards, it flattened through to 2022.
In value terms, crane imports rose sharply to $125M in 2022. In general, imports, however, showed a relatively flat trend pattern. Imports peaked at $137M in 2020; however, from 2021 to 2022, imports remained at a lower figure.
Import of Crane in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 22.2 | 19.6 | 76.5 | 73.8 | 49.2% |
China | 84.3 | 96.6 | 13.8 | 15.4 | -43.3% |
Philippines | N/A | 0.1 | 0.6 | 6.2 | 687.4% |
Italy | 1.4 | 3.2 | 2.9 | 5.5 | 57.8% |
Indonesia | 1.0 | 0.6 | 2.9 | 3.1 | 45.8% |
India | 0.1 | 0.2 | 0.3 | 1.8 | 162.1% |
Greece | 0.7 | 0.7 | 1.0 | 1.1 | 16.3% |
Others | 16.3 | 15.5 | 16.0 | 18.3 | 3.9% |
Total | 126 | 137 | 114 | 125 | -0.3% |
Top Suppliers of Crane to Malaysia in 2022:
- Japan (7.1K units)
- China (1.5K units)
- Indonesia (0.4K units)
- Italy (0.3K units)
- Philippines (0.3K units)
- Greece (0.2K units)
- India (0.2K units)
Crane Exports in Malaysia
After two years of decline, shipments abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane increased by 17% to 5.5K units in 2022. Over the period under review, exports, however, showed a abrupt downturn. Over the period under review, the exports hit record highs at 6.9K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, crane exports shrank to $64M in 2022. Overall, exports, however, continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 17%. Over the period under review, the exports reached the peak figure at $73M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Crane in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 4.3 | 5.3 | 4.3 | 10.1 | 32.9% |
Singapore | 18.3 | 8.4 | 12.8 | 10.0 | -18.2% |
Thailand | 6.7 | 1.8 | 7.2 | 5.7 | -5.2% |
Indonesia | 8.3 | 6.2 | 4.6 | 4.8 | -16.7% |
Philippines | 0.3 | 3.3 | 4.3 | 3.9 | 135.1% |
Vietnam | 3.5 | 7.1 | 4.0 | 3.6 | 0.9% |
United States | 3.4 | N/A | 6.3 | 3.5 | 1.0% |
Turkey | 2.5 | 3.0 | 3.1 | 2.8 | 3.8% |
Russia | 1.3 | 1.2 | 0.9 | 2.3 | 20.9% |
Bangladesh | 0.2 | 0.1 | 1.8 | 1.4 | 91.3% |
Taiwan (Chinese) | 0.8 | 0.7 | 0.4 | 1.2 | 14.5% |
Iran | 0.5 | 0.5 | 0.5 | 0.4 | -7.2% |
Denmark | 0.6 | 0.6 | 0.5 | 0.3 | -20.6% |
Others | 22.5 | 21.0 | 18.6 | 14.2 | -14.2% |
Total | 73.2 | 59.2 | 69.3 | 64.2 | -4.3% |
Top Export Markets for Crane from Malaysia in 2022:
- Australia (1773.0 units)
- Singapore (664.0 units)
- Indonesia (331.0 units)
- Thailand (312.0 units)
- United States (268.0 units)
- Philippines (260.0 units)
- Vietnam (201.0 units)
- Russia (167.0 units)
- Iran (124.0 units)
- Turkey (117.0 units)
- Bangladesh (117.0 units)
- Taiwan (Chinese) (105.0 units)
- Denmark (104.0 units)
This report provides an in-depth analysis of the crane market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221420 - Overhead travelling cranes on fixed support
- Prodcom 28221433 - Mobile lifting frames on tyres and straddle carriers
- Prodcom 28221435 - Transporter cranes, gantry cranes and bridge cranes
- Prodcom 28221440 - Tower cranes and portal or pedestal jib cranes
- Prodcom 28221450 - Self-propelled lifting equipment, of a kind mounted to run on rails in servicing building sites, quarries and the like
- Prodcom 28221460 - Lifting equipment designed for mounting on road vehicles
- Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the crane market in Malaysia.
This report provides an in-depth analysis of the mounting lifting equipment market in Malaysia.
This report provides an in-depth analysis of the lifting equipment market in Malaysia.
This report provides an in-depth analysis of the mobile lifting frame market in Malaysia.
This report provides an in-depth analysis of the overhead travelling crane market in Malaysia.
This report provides an in-depth analysis of the self-propelled lifting equipment market in Malaysia.
This report provides an in-depth analysis of the market for tower and portal cranes in Malaysia.
This report provides an in-depth analysis of the market for transporter and bridge cranes in Malaysia.
This report provides an in-depth analysis of the global crane market.
This report provides an in-depth analysis of the global mounting lifting equipment market.
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