Malaysia: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in Malaysia

The Malaysian transporter and bridge cranes market expanded markedly to $X in 2022, growing by X% against the previous year. In general, consumption, however, continues to indicate a perceptible downturn. Transporter and bridge cranes consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in Malaysia

In value terms, transporter and bridge cranes production expanded notably to $X in 2022 estimated in export price. In general, production, however, saw a pronounced contraction. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports from Malaysia

In 2022, approx. X units of transporter cranes, gantry cranes and bridge cranes were exported from Malaysia; declining by X% compared with the previous year. In general, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, transporter and bridge cranes exports fell sharply to $X in 2022. Overall, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units) was the main destination for transporter and bridge cranes exports from Malaysia, with a X% share of total exports. Moreover, transporter and bridge cranes exports to Singapore exceeded the volume sent to the second major destination, Thailand (X units), ninefold. Papua New Guinea (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Papua New Guinea (X% per year).

In value terms, Singapore ($X), Thailand ($X) and Indonesia ($X) were the largest markets for transporter and bridge cranes exported from Malaysia worldwide, with a combined X% share of total exports. Australia, Papua New Guinea and China lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Australia, with a CAGR of X%, saw the highest rates of growth with regard to 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 transporter and bridge cranes export price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price saw a deep reduction. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

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

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports into Malaysia

In 2022, imports of transporter cranes, gantry cranes and bridge cranes into Malaysia surged to X units, growing by X% against the previous year. Overall, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, transporter and bridge cranes imports surged to $X in 2022. In general, imports showed a prominent increase. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Italy (X units) were the main suppliers of transporter and bridge cranes imports to Malaysia, together comprising X% of total imports.

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

In value terms, China ($X), Japan ($X) and Singapore ($X) were the largest transporter and bridge cranes suppliers to Malaysia, with a combined X% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of X%, recorded 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

The average transporter and bridge cranes import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 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 Japan ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

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

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