China: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in China

The Chinese transporter and bridge cranes market expanded remarkably to $X.4B in 2022, surging by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X.6B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in China

In value terms, transporter and bridge cranes production rose sharply to $X.4B in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production reached the maximum level at $X.2B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports from China

In 2022, after three years of decline, there was significant growth in overseas shipments of transporter cranes, gantry cranes and bridge cranes, when their volume increased by X% to X units. Overall, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, transporter and bridge cranes exports soared to $X in 2022. In general, exports showed a mild expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X units), Malaysia (X units) and Chile (X units) were the main destinations of transporter and bridge cranes exports from China, with a combined X% share of total exports. Israel, Taiwan (Chinese), Saudi Arabia, Singapore, Ireland, Iraq, France, Thailand, the United States and Greece lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Taiwan (Chinese) ($X) and Israel ($X) appeared to be the largest markets for transporter and bridge cranes exported from China worldwide, together comprising X% of total exports. Malaysia, the United States, Saudi Arabia, Thailand, Chile, Italy, Greece, France, Iraq and Ireland lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The average transporter and bridge cranes export price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 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 ($X per unit), while the average price for exports to Ireland ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports into China

In 2022, purchases abroad of transporter cranes, gantry cranes and bridge cranes increased by X% to X units, rising for the second year in a row after six years of decline. Over the period under review, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, transporter and bridge cranes imports surged to $X in 2022. Overall, imports showed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X units), Singapore (X units) and South Korea (X units) were the main suppliers of transporter and bridge cranes imports to China, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of transporter cranes, gantry cranes and bridge cranes to China, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average transporter and bridge cranes import price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 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 the Netherlands ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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