China: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in China

The Chinese overhead travelling crane market reduced dramatically to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Overhead travelling crane consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Overhead Travelling Crane Production in China

In value terms, overhead travelling crane production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Overhead Travelling Crane Exports

Exports from China

In 2022, exports of overhead travelling cranes on fixed support from China soared to X units, picking up by X% compared with the previous year's figure. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, overhead travelling crane exports surged to $X in 2022. In general, exports, however, showed a mild contraction. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units) was the main destination for overhead travelling crane exports from China, with a X% share of total exports. Moreover, overhead travelling crane exports to Indonesia exceeded the volume sent to the second major destination, India (X units), fivefold. The third position in this ranking was held by Vietnam (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Vietnam (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for overhead travelling cranes on fixed support exports from China, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average overhead travelling crane export price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price saw a abrupt downturn. The growth pace was the most rapid in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Nigeria ($X 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 the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Overhead Travelling Crane Imports

Imports into China

In 2022, imports of overhead travelling cranes on fixed support into China reduced remarkably to X units, waning by X% compared with the previous year's figure. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, overhead travelling crane imports reduced sharply to $X in 2022. In general, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), the Czech Republic (X units) and South Korea (X units) were the main suppliers of overhead travelling crane imports to China, with a combined X% share of total imports. Luxembourg, Taiwan (Chinese), Austria and France lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), Luxembourg ($X) and the Czech Republic ($X) were the largest overhead travelling crane suppliers to China, together accounting for X% of total imports.

In terms of the main suppliers, Luxembourg, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average overhead travelling crane import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, recorded a pronounced decrease. The growth pace was the most rapid in 2017 an increase of X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Luxembourg ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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