ASEAN: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in ASEAN

The ASEAN overhead travelling crane market rose significantly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Overhead Travelling Crane Production in ASEAN

In value terms, overhead travelling crane production dropped to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Overhead Travelling Crane Exports

Exports in ASEAN

In 2022, after three years of decline, there was significant growth in shipments abroad of overhead travelling cranes on fixed support, when their volume increased by X% to X units. In general, exports recorded a strong increase. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, overhead travelling crane exports soared to $X in 2022. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Malaysia (X units), distantly followed by Indonesia (X units), Vietnam (X units) and Singapore (X units) were the key exporters of overhead travelling cranes on fixed support, together creating X% of total exports. The following exporters - Myanmar (X units) and Thailand (X units) - each finished at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest overhead travelling crane supplying countries in ASEAN were Malaysia ($X), Vietnam ($X) and Indonesia ($X), with a combined X% share of total exports. Singapore, Myanmar and Thailand lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price saw a abrupt decline. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the other leaders experienced more modest paces of growth.

Overhead Travelling Crane Imports

Imports in ASEAN

In 2022, purchases abroad of overhead travelling cranes on fixed support was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X units; afterwards, it flattened through to 2022.

In value terms, overhead travelling crane imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia was the largest importer of overhead travelling cranes on fixed support in ASEAN, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. Thailand (X units) took the second position in the ranking, distantly followed by Vietnam (X units). All these countries together held near X% share of total imports. The following importers - Singapore (X units), Cambodia (X units) and the Philippines (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to overhead travelling crane imports into Indonesia stood at X%. At the same time, the Philippines (X%), Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Cambodia (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia and Thailand increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported overhead travelling cranes on fixed support in ASEAN, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with an X% share of total imports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, flattening at the previous year. Overall, the import price saw a pronounced decrease. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

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 Vietnam ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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