In 2020, after three years of growth, the Indonesian crane market saw a significant decline, with its value falling by -X% to $X. Overall, however, consumption has grown resiliently. The rate of growth was most pronounced in 2008, when market capitalization increased by X% year-over-year. As a result, consumption reaches a peak level of X dollars. From 2009 to 2020, the market growth rate remained at a low level.
In 2020, Indonesian crane exports dropped significantly to X units, down -X% compared to 2019. However, during the period under review, exports continued to show a relatively stable trend pattern. 2012 saw the fastest growth, with exports increasing by X% over the previous year. As a result, exports peaked at X units. From 2013 to 2020, the export growth rate remained at a low level.
Crane exports fell to X dollars in 2020 by value. But overall, exports showed a relatively stable trend pattern. The most significant growth rate occurred in 2012, with an X% year-on-year increase. As a result, exports peaked at X dollars. From 2013 to 2020, the export growth rate remained at a low level.
Singapore (unit X), United Arab Emirates (unit X) and Timor-Leste (unit X) were the main destinations for Indonesian crane exports, together accounting for X% of total exports. The U.S., Thailand, Taiwan (China), and Bangladesh lagged a bit, adding X more from 2007 to 2020, with the largest increase being Taiwan (China) (+X% per annum), while the other leaders saw more modest shipments pace of growth.
In value terms, Singapore (USD X) remains the leading foreign market for Indonesian crane exports, accounting for X% of total exports. In second place is the United States ($X) with X% of total exports. It is followed by the United Arab Emirates with an X% share.
From 2007 to 2020, Singapore’s average annual growth rate for value totaled -X%. Exports to other major destinations recorded the following average annual export growth rates: United States (+X% per annum) and United Arab Emirates (+X% per annum).
In 2020, overseas purchases of cranes, mobile cranes fell -X% to X units for the first time since 2016, thus ending a three-year upward trend. Overall, however, imports showed moderate growth. In 2008, the growth rate was the fastest, with imports increasing by X% year-on-year. As a result, imports peaked at X units. From 2009 to 2020, import growth remained low. Crane imports fell sharply to $X in 2020 by value. During the period under review, however, there was a strong increase in imports. The most significant growth rate occurred in 2008, which was an X% increase compared to the previous year. During the period under review, imports peaked at $X in 2019 before contracting sharply the following year.
In 2020, China (X units) was Indonesia's largest crane supplier, accounting for X% of total imports. In addition, the number of cranes imported from China exceeded four times the number recorded by the second largest supplier, Italy (X units). Japan takes third place (X units) with an X% share.
From 2007 to 2020, the average annual growth rate of Chinese exports reached +X%. The average annual growth rates of imports for the remaining supplier countries are as follows: Italy (+X% per annum) and Japan (-X% per annum). China (USD X) is Indonesia's largest crane supplier by value, accounting for X% of total imports. In second place is Italy ($X) with X% of total imports. It is followed by Japan with an X% share.
From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Italy (+X% per annum) and Japan (+X% per annum).
China ($173 million) is Indonesia's largest crane supplier by value, accounting for 54% of total imports. In second place was Italy ($45 million), which accounted for 14% of total imports. It was followed by Japan with an 11% share.
In value terms, Singapore ($4.9 million) remained the main foreign market for Indonesian crane exports, accounting for 47% of total exports. In second place was the United States ($1.2 million), which accounted for 11% of total exports. It is followed by the United Arab Emirates with a share of 9.8%.
The average export price for cranes in 2020 was $41,872 per unit, up 24% from the previous year. In 2020, the average price of crane imports was US$50,091 per unit, an increase of 5.8% over the previous year.
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