Singapore - 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 Singapore - 2022
Contents:
- Crane Price in Singapore (CIF) - 2022
- Crane Price in Singapore (FOB) - 2022
- Crane Imports in Singapore
- Crane Exports in Singapore
Crane Price in Singapore (CIF) - 2022
In September 2022, the average crane import price amounted to $130K per unit, surging by 4.5% against the previous month. In general, the import price, however, saw a noticeable curtailment. The pace of growth was the most pronounced in July 2022 when the average import price increased by 13% m-o-m. The import price peaked at $161K per unit in January 2022; however, from February 2022 to September 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($201K per unit), while the price for Spain ($65,773 per unit) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Spain (-0.0%), while the prices for the other major suppliers experienced a decline.
Crane Price in Singapore (FOB) - 2022
The average crane export price stood at $155K per unit in September 2022, with an increase of 7.3% against the previous month. In general, the export price, however, showed a slight contraction. The pace of growth was the most pronounced in May 2022 when the average export price increased by 7.9% month-to-month. Over the period under review, the average export prices hit record highs at $171K per unit in January 2022; afterwards, it flattened through to September 2022.
Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($173K per unit), while the average price for exports to Australia ($80,034 per unit) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Crane Imports in Singapore
After three years of growth, supplies from abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane decreased by -10.5% to 31K units in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. As a result, imports reached the peak of 35K units, and then fell in the following year.
In value terms, crane imports skyrocketed to $719M in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 67%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
Import of Crane in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 81.3 | 168 | 351 | 470 | 79.5% |
Germany | 34.1 | 22.3 | 36.8 | 49.3 | 13.1% |
Japan | 36.9 | 34.6 | 27.3 | 43.4 | 5.6% |
South Korea | 77.0 | 14.1 | 0.6 | 40.3 | -19.4% |
Italy | 12.7 | 12.6 | 11.7 | 16.3 | 8.7% |
Norway | 32.0 | 0.2 | N/A | 14.2 | -23.7% |
Spain | 12.1 | 6.3 | 4.8 | 10.2 | -5.5% |
Others | 50.0 | 30.7 | 50.4 | 75.3 | 14.6% |
Total | 336 | 289 | 483 | 719 | 28.9% |
Top Suppliers of Crane to Singapore in 2022:
- China (20.5K units)
- Germany (1.8K units)
- Japan (1.7K units)
- South Korea (1.5K units)
- Norway (1.0K units)
- Spain (0.9K units)
- Italy (0.8K units)
Crane Exports in Singapore
In 2022, the amount of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane exported from Singapore reduced to 6.4K units, with a decrease of -14.4% compared with 2021 figures. Over the period under review, exports showed a pronounced decline. The pace of growth appeared the most rapid in 2021 when exports increased by 45%. As a result, the exports reached the peak of 7.4K units, and then declined in the following year.
In value terms, crane exports surged to $137M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Crane in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 38.8 | 35.4 | 38.8 | 47.3 | 6.8% |
Taiwan (Chinese) | 17.9 | 5.3 | 16.7 | 20.4 | 4.5% |
Malaysia | 11.0 | 8.4 | 8.1 | 10.9 | -0.3% |
Bangladesh | 2.1 | 0.6 | 7.5 | 9.2 | 63.6% |
Hong Kong SAR | 0.9 | 14.1 | 4.6 | 7.7 | 104.5% |
Philippines | 3.6 | 3.4 | 5.6 | 6.9 | 24.2% |
Australia | 7.9 | 1.8 | 1.5 | 4.4 | -17.7% |
Vietnam | 2.1 | 4.4 | 3.2 | 3.8 | 21.9% |
Thailand | 5.2 | 1.6 | 1.6 | 3.3 | -14.1% |
Saudi Arabia | N/A | N/A | 2.7 | 3.2 | 18.5% |
India | 2.3 | 0.3 | 2.1 | 2.5 | 2.8% |
South Korea | 4.8 | 0.2 | 1.4 | 2.5 | -19.5% |
China | 1.7 | 1.7 | 1.4 | 1.9 | 3.8% |
Others | 16.0 | 7.5 | 13.5 | 12.4 | -8.1% |
Total | 114 | 84.8 | 109 | 137 | 6.3% |
Top Export Markets for Crane from Singapore in 2022:
- Indonesia (2143.0 units)
- Taiwan (Chinese) (941.0 units)
- Malaysia (504.0 units)
- Bangladesh (423.0 units)
- Hong Kong SAR (371.0 units)
- Philippines (333.0 units)
- Australia (215.0 units)
- Vietnam (196.0 units)
- South Korea (150.0 units)
- Saudi Arabia (141.0 units)
- Thailand (137.0 units)
- India (136.0 units)
- China (96.0 units)
This report provides an in-depth analysis of the crane market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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 Singapore.
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This report provides an in-depth analysis of the lifting equipment market in Singapore.
This report provides an in-depth analysis of the mobile lifting frame market in Singapore.
This report provides an in-depth analysis of the overhead travelling crane market in Singapore.
This report provides an in-depth analysis of the self-propelled lifting equipment market in Singapore.
This report provides an in-depth analysis of the market for tower and portal cranes in Singapore.
This report provides an in-depth analysis of the market for transporter and bridge cranes in Singapore.
This report provides an in-depth analysis of the global crane market.
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