Malaysia: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Malaysia

The Malaysian overhead travelling crane market reduced slightly to $X in 2022, falling by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Overhead travelling crane consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Overhead Travelling Crane Production in Malaysia

In value terms, overhead travelling crane production shrank 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 only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Overhead travelling crane production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Overhead Travelling Crane Exports

Exports from Malaysia

In 2022, exports of overhead travelling cranes on fixed support from Malaysia soared to X units, growing by X% against 2021. In general, exports continue to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, overhead travelling crane exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a mild reduction. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), Mexico (X units) and Algeria (X units) were the main destinations of overhead travelling crane exports from Malaysia, with a combined X% share of total exports. Saudi Arabia, Bangladesh, South Korea, Thailand, Singapore, Vietnam, Hong Kong SAR, Pakistan, Iraq and Cambodia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for overhead travelling crane exported from Malaysia were the United Arab Emirates ($X), Mexico ($X) and Algeria ($X), with a combined X% share of total exports. Saudi Arabia, Bangladesh, South Korea, Thailand, Singapore, Pakistan, Hong Kong SAR, Vietnam, Iraq and Cambodia lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 overhead travelling crane export price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price showed a pronounced decline. The growth pace was the most rapid in 2018 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 stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Pakistan ($X per unit) and Hong Kong SAR ($X per unit), while the average price for exports to Cambodia ($X per unit) and Singapore ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Overhead Travelling Crane Imports

Imports into Malaysia

In 2022, approx. X units of overhead travelling cranes on fixed support were imported into Malaysia; picking up by X% compared with the previous year's figure. Overall, imports, however, showed a precipitous slump. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, overhead travelling crane imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a sharp shrinkage. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of overhead travelling crane to Malaysia, accounting for a X% share of total imports. Moreover, overhead travelling crane imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of overhead travelling cranes on fixed support to Malaysia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average overhead travelling crane import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a slight slump. The import price peaked at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the price for Germany totaled $X per unit.

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 a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :