Eastern Asia: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Eastern Asia

In 2022, the East Asian overhead travelling crane market decreased by X% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Overhead Travelling Crane Production in Eastern Asia

In value terms, overhead travelling crane production fell 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 somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Overhead Travelling Crane Exports

Exports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in overseas shipments of overhead travelling cranes on fixed support, which increased by X% to X units in 2022. In general, exports posted a buoyant increase. 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 attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, overhead travelling crane exports soared to $X in 2022. Overall, exports, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X units) was the key exporter of overhead travelling cranes on fixed support in Eastern Asia, comprising X% of total export.

China was also the fastest-growing in terms of the overhead travelling cranes on fixed support exports, with a CAGR of X% from 2012 to 2022. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest overhead travelling crane supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. 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 remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Overhead Travelling Crane Imports

Imports in Eastern Asia

In 2022, approx. X units of overhead travelling cranes on fixed support were imported in Eastern Asia; with a decrease of X% on the previous year's figure. Over the period under review, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, overhead travelling crane imports surged to $X in 2022. Overall, imports, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China represented the main importer of overhead travelling cranes on fixed support in Eastern Asia, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. Taiwan (Chinese) (X units) ranks second in terms of the total imports with a X% share, followed by Hong Kong SAR (X%) and South Korea (X%). Japan (X units) and Democratic People's Republic of Korea (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to overhead travelling crane imports into China stood at X%. At the same time, Hong Kong SAR (X%), Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, Democratic People's Republic of Korea (X%) illustrated a downward trend over the same period. Taiwan (Chinese) (X p.p.), Hong Kong SAR (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while China saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest overhead travelling crane importing markets in Eastern Asia were Taiwan (Chinese) ($X), South Korea ($X) and China ($X), with a combined X% share of total imports.

In terms of the main importing countries, Taiwan (Chinese), 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, growing by X% against the previous year. Overall, the import price continues to indicate a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X,691 per unit), while China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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