Southern Asia: Market for Tower Cranes And Portal Or Pedestal Jib Cranes 2024

Market Size for Tower Cranes And Portal Or Pedestal Jib Cranes in Southern Asia

The South Asian tower and portal cranes market reduced to $X in 2023, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Production of Tower Cranes And Portal Or Pedestal Jib Cranes in Southern Asia

In value terms, tower and portal cranes production fell modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Tower Cranes And Portal Or Pedestal Jib Cranes

Exports in Southern Asia

In 2023, the amount of tower cranes and portal or pedestal jib cranes exported in Southern Asia rose significantly to X units, picking up by X% against the previous year's figure. Over the period under review, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, tower and portal cranes exports dropped rapidly to $X in 2023. Overall, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

Pakistan represented the key exporter of tower cranes and portal or pedestal jib cranes in Southern Asia, with the volume of exports amounting to X units, which was near X% of total exports in 2023. It was distantly followed by India (X units), committing a X% share of total exports. Bangladesh (X units) followed a long way behind the leaders.

Pakistan was also the fastest-growing in terms of the tower cranes and portal or pedestal jib cranes exports, with a CAGR of X% from 2012 to 2023. At the same time, India (X%) displayed positive paces of growth. By contrast, Bangladesh (X%) illustrated a downward trend over the same period. Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while Bangladesh and India saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, India ($X) remains the largest tower and portal cranes supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports.

In India, tower and portal cranes exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced a decline in the export price figures.

Imports of Tower Cranes And Portal Or Pedestal Jib Cranes

Imports in Southern Asia

In 2023, after two years of growth, there was significant decline in supplies from abroad of tower cranes and portal or pedestal jib cranes, when their volume decreased by X% to X units. In general, imports, however, saw a modest increase. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, tower and portal cranes imports expanded markedly to $X in 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.

Imports by Country

India was the major importer of tower cranes and portal or pedestal jib cranes in Southern Asia, with the volume of imports recording X units, which was near X% of total imports in 2023. Bangladesh (X units) took the second position in the ranking, followed by Pakistan (X units) and Sri Lanka (X units). All these countries together held near X% share of total imports. Nepal (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to tower and portal cranes imports into India stood at X%. At the same time, Nepal (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Pakistan (X%) and Sri Lanka (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Sri Lanka (X p.p.) and Pakistan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported tower cranes and portal or pedestal jib cranes in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2023, the average annual growth rate of value in India was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform