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Eastern Asia - Crane Lorries - Market Analysis, Forecast, Size, Trends and Insights
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Eastern Asia: Crane Lorry Market Overview 2021

Crane Lorry Market Size in Eastern Asia

In 2020, the East Asian crane lorry market increased by X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Crane Lorry Production in Eastern Asia

In value terms, crane lorry production reached $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. The level of production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Production By Country in Eastern Asia

China (X units) constituted the country with the largest volume of crane lorry production, comprising approx. X% of total volume. Moreover, crane lorry production in China exceeded the figures recorded by the second-largest producer, Japan (X units), fivefold.

From 2007 to 2020, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Japan (-X% per year) and South Korea (+X% per year).

Crane Lorry Exports

Exports in Eastern Asia

In 2020, overseas shipments of crane lorries decreased by -X% to X units, falling for the second year in a row after two years of growth. Overall, exports saw a noticeable reduction. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. The volume of export peaked at X units in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, crane lorry exports fell dramatically to $X in 2020. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. from 2009 to 2020, the growth exports failed to regain the momentum.

Exports by Country

In 2020, China (X units) was the major exporter of crane lorries, constituting X% of total exports. It was distantly followed by Japan (X units), committing an X% share of total exports. South Korea (X units) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to crane lorry exports from China stood at -X%. South Korea (-X%) and Japan (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest crane lorry supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports.

In China, crane lorry exports shrank by an average annual rate of -X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-X% per year) and South Korea (-X% per year).

Export Prices by Country

The crane lorry export price in Eastern Asia stood at $X per unit in 2020, waning by -X% against the previous year. Over the period under review, the export price recorded a slight setback. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced a decline in the export price figures.

Crane Lorry Imports

Imports in Eastern Asia

In 2020, crane lorry imports in Eastern Asia expanded significantly to X units, with an increase of X% on 2019 figures. Overall, imports, however, showed a slight decline. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, crane lorry imports surged to $X in 2020. Total imports indicated mild growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2010; however, from 2011 to 2020, imports failed to regain the momentum.

Imports by Country

Japan was the major importing country with an import of around X units, which accounted for X% of total imports. South Korea (X units) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X units). All these countries together took approx. X% share of total imports.

Japan was also the fastest-growing in terms of the crane lorries imports, with a CAGR of +X% from 2007 to 2020. At the same time, Taiwan (Chinese) (+X%) displayed positive paces of growth. By contrast, South Korea (-X%) illustrated a downward trend over the same period. While the share of Japan (+X p.p.) and Taiwan (Chinese) (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of South Korea (-X p.p.) displayed negative dynamics.

In value terms, Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of imports in 2020, together accounting for X% of total imports.

Taiwan (Chinese) saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The crane lorry import price in Eastern Asia stood at $X per unit in 2020, growing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. The level of import peaked at $X per unit in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Taiwan (Chinese) ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crane lorries in Eastern Asia?
+
China (41K units) remains the largest crane lorry consuming country in Eastern Asia, comprising approx. 77% of total volume. Moreover, crane lorry consumption in China exceeded the figures recorded by the second-largest consumer, Japan (9.1K units), fivefold.
What are the largest producers of crane lorries in Eastern Asia?
+
The country with the largest volume of crane lorry production was China (45K units), comprising approx. 80% of total volume. Moreover, crane lorry production in China exceeded the figures recorded by the second-largest producer, Japan (8.4K units), fivefold.
What are the leading suppliers of crane lorries in Eastern Asia?
+
In value terms, China ($354M) remains the largest crane lorry supplier in Eastern Asia, comprising 89% of total exports. The second position in the ranking was occupied by Japan ($32M), with a 8% share of total exports.
What are the leading importers of crane lorries in Eastern Asia?
+
In value terms, Japan ($106M), South Korea ($90M) and Taiwan (Chinese) ($44M) were the countries with the highest levels of imports in 2020, with a combined 99% share of total imports.
What is the average export price for crane lorries in Eastern Asia?
+
The crane lorry export price in Eastern Asia stood at $102,757 per unit in 2020, declining by -20.7% against the previous year.
What is the average import price for crane lorries in Eastern Asia?
+
The crane lorry import price in Eastern Asia stood at $144,141 per unit in 2020, rising by 2.2% against the previous year.

Product coverage:
• Prodcom 29105100 - Crane lorries

This report provides an in-depth analysis of the crane lorry market in Eastern Asia. 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 2025.


Country coverage:
• Democratic People's Republic of Korea
• Macao SAR
• Taiwan (Chinese)

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• China
• Hong Kong SAR
• Macao SAR
• Japan
• South Korea
• Taiwan (Chinese)
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020
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