India: Mobile Lifting Frame Market 2022

Mobile Lifting Frame Market Size in India

In 2021, the Indian mobile lifting frame market decreased by -77.8% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a deep setback. Over the period under review, the market hit record highs at $X in 2020, and then declined sharply in the following year.

Mobile Lifting Frame Production in India

In value terms, mobile lifting frame production totaled $X in 2021 estimated in export price. In general, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 95%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Mobile Lifting Frame Exports

Exports from India

In 2021, mobile lifting frame exports from India rose remarkably to X units, growing by 13% on 2020 figures. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 164%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, mobile lifting frame exports soared to $X in 2021. In general, exports saw significant growth. The growth pace was the most rapid in 2014 when exports increased by 194% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Mexico (X units) was the main destination for mobile lifting frame exports from India, accounting for a 96% share of total exports. It was followed by Bangladesh (X units), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-5.5% per year) and Nigeria (-21.6% per year).

In value terms, Bangladesh ($X), Nigeria ($X) and Mexico ($X) were the largest markets for mobile lifting frame exported from India worldwide, with a combined 25% share of total exports.

Among the main countries of destination, Bangladesh, with a CAGR of +35.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mobile lifting frame export price stood at $X per unit in 2021, with an increase of 3.7% against the previous year. Over the period under review, the export price continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2017 an increase of 68%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+64.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mobile Lifting Frame Imports

Imports into India

In 2021, the amount of mobile lifting frames on tyres and straddle carriers imported into India contracted significantly to X units, reducing by -32% on 2020. In general, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 405% against the previous year. As a result, imports attained the peak of X units, and then reduced notably in the following year.

In value terms, mobile lifting frame imports surged to $X in 2021. Over the period under review, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 450% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Germany (X units), China (X units) and the United States (X units) were the main suppliers of mobile lifting frame imports to India, together comprising 99% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +33.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest mobile lifting frame suppliers to India were Germany ($X), China ($X) and the United States ($X), with a combined 100% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +22.3%, 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

The average mobile lifting frame import price stood at $X per unit in 2021, picking up by 156% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+28.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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