Cranes; Tower Cranes Price in China - 2023
Contents:
- Cranes; Tower Cranes Price in China (FOB) - 2022
- Cranes; Tower Cranes Price in China (CIF) - 2022
- Cranes; Tower Cranes Exports in China
- Cranes; Tower Cranes Imports in China
Cranes; Tower Cranes Price in China (FOB) - 2022
The average cranes; tower cranes export price stood at $79,320 per unit in 2022, increasing by 6% against the previous year. Over the period under review, the export price, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2018 an increase of 14%. The export price peaked at $142,632 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($192,743 per unit), while the average price for exports to Equatorial Guinea ($12,922 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-2.3%), while the prices for the other major destinations experienced a decline.
Cranes; Tower Cranes Price in China (CIF) - 2022
The average cranes; tower cranes import price stood at $340,583 per unit in 2022, picking up by 27% against the previous year. Overall, the import price posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 794% against the previous year. The import price peaked at $348,566 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($9,886,894 per unit), while the price for Australia ($33,620 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Congo (+450.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Cranes; Tower Cranes Exports in China
In 2022, approx. 3.4K units of cranes; tower craneses were exported from China; dropping by -14% against the previous year. Over the period under review, exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. As a result, the exports reached the peak of 3.9K units, and then declined in the following year.
In value terms, cranes; tower cranes exports contracted to $268M in 2022. Overall, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. Over the period under review, the exports attained the maximum at $383M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Cranes; Tower Cranes in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 29.5 | 32.4 | 50.4 | 57.8 | 25.1% |
| Singapore | 49.5 | 28.9 | 32.0 | 34.4 | -11.4% |
| Russia | 60.2 | 12.6 | 35.5 | 18.2 | -32.9% |
| Bahamas | 9.8 | 11.8 | 13.0 | 14.9 | 15.0% |
| Hong Kong SAR | 8.4 | 8.6 | 18.5 | 13.7 | 17.7% |
| United Arab Emirates | 13.1 | 7.6 | 6.6 | 12.3 | -2.1% |
| Israel | 15.2 | 9.0 | 8.5 | 8.6 | -17.3% |
| Kazakhstan | 4.4 | 2.5 | 16.2 | 8.4 | 24.1% |
| Taiwan (Chinese) | 1.0 | 4.9 | 12.0 | 8.1 | 100.8% |
| India | 11.4 | 7.7 | 6.0 | 6.0 | -19.3% |
| Thailand | 8.4 | 10.0 | 2.6 | 5.3 | -14.2% |
| Philippines | 20.9 | 11.5 | 7.4 | 4.4 | -40.5% |
| Equatorial Guinea | 2.7 | 2.7 | 2.6 | 2.5 | -2.5% |
| Others | 149 | 91.5 | 82.5 | 72.9 | -21.2% |
| Total | 383 | 242 | 294 | 268 | -11.2% |
Top Export Markets for Cranes; Tower Cranes from China in 2022:
- South Korea (587.0 units)
- Russia (273.0 units)
- Equatorial Guinea (196.0 units)
- Kazakhstan (190.0 units)
- Singapore (179.0 units)
- Taiwan (Chinese) (137.0 units)
- Bahamas (112.0 units)
- India (106.0 units)
- Philippines (97.0 units)
- United Arab Emirates (89.0 units)
- Hong Kong SAR (87.0 units)
- Thailand (72.0 units)
- Israel (68.0 units)
Cranes; Tower Cranes Imports in China
In 2022, the amount of cranes; tower craneses imported into China soared to 8 units, growing by 60% on 2021 figures. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 175% against the previous year. As a result, imports reached the peak of 11 units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cranes; tower cranes imports skyrocketed to $2.6M in 2022. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 1,308% against the previous year. As a result, imports attained the peak of $3.7M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cranes; Tower Cranes in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 63.2 | 1,046 | 390 | 728 | 125.8% |
| Yemen | 29.9 | 541 | 221 | 450 | 146.9% |
| Saudi Arabia | 23.8 | 431 | 176 | 358 | 146.9% |
| Ethiopia | 12.4 | 193 | 67.9 | 119 | 112.5% |
| Australia | 5.7 | 76.0 | 22.8 | 34.3 | 81.9% |
| Brunei Darussalam | 7.4 | N/A | N/A | N/A | 0% |
| Others | 119 | 1,395 | 500 | 909 | 96.9% |
| Total | 262 | 3,682 | 1,377 | 2,599 | 114.9% |
Top Suppliers of Cranes; Tower Cranes to China in 2022:
- Saudi Arabia (2.0 units)
- Ethiopia (2.0 units)
- Australia (1.0 units)
- United Kingdom (1.0 units)
- Yemen (1.0 units)
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