Eastern Asia: Truck Crane Market 2024

Truck Crane Market Size in Eastern Asia

In 2022, the East Asian truck crane market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption recorded a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Truck Crane Production in Eastern Asia

In value terms, truck crane production declined to $X in 2022 estimated in export price. In general, production, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Truck Crane Exports

Exports in Eastern Asia

Truck crane exports soared to X units in 2022, with an increase of X% compared with the previous year's figure. Over the period under review, exports enjoyed perceptible growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, truck crane exports surged to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by Japan (X units), generating a X% share of total exports. South Korea (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the truck cranes exports, with a CAGR of X% from 2012 to 2022. South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points.

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

In China, truck crane exports expanded at an average annual rate of X% over the period from 2012-2022. 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

In 2022, the export price in Eastern Asia amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible downturn. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained 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 China ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Truck Crane Imports

Imports in Eastern Asia

In 2022, after three years of growth, there was significant decline in supplies from abroad of truck cranes, when their volume decreased by X% to X units. Over the period under review, imports saw a pronounced slump. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, truck crane imports reduced rapidly to $X in 2022. Overall, imports recorded a pronounced setback. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) was the largest importer of truck cranes in Eastern Asia, with the volume of imports finishing at X units, which was near X% of total imports in 2022. Japan (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%). Macao SAR (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Macao SAR (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Macao SAR lagged somewhat behind, accounting for a further X%.

Among the main importing countries, Macao SAR, 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 trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Macao SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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