In 2020, after two years of growth, the South Asian crane market declined, its value fell -X% to X dollars. Overall, however, consumption has shown a relatively flat trend pattern. The growth rate was most pronounced in 2008, with a year-on-year increase of X%. 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 value terms, the production of cranes in 2020 is estimated at X USD at export prices. Overall, however, production recorded a relatively flat trend pattern. The growth rate was most pronounced in 2008, with an X% increase over the previous year. As a result, production reached a peak level of X dollars. Production growth remained low from 2009 to 2020.
Pakistan (X units) is the country with the largest crane production, with about X% of the total volume. In addition, Pakistan's crane production is four times higher than the number recorded by the second largest producer, India (X units). In Pakistan, crane production remained relatively stable between 2007 and 2020.
Dongqi Crane has more than ten years of crane service experience in South Asia, and has many crane cooperation projects in India, Pakistan, Bangladesh, and Sri Lanka, including overhead cranes, gantry cranes, jib cranes, electric hoists, and winches.
In 2020, overseas shipments of cranes fell -X% to X units for the first time since 2017, ending a two-year upward trend. Overall, however, exports showed strong growth. The growth rate was most significant in 2012, with an X% increase year-on-year. During the period under review, the export volume reached a maximum of X units in 2019, and then declined significantly the following year. Crane exports fell sharply to $X in 2020 by value. However, exports showed resilient growth during the period under review. The most significant growth rate occurred in 2012, with an X% year-on-year increase. During the period under review, exports peaked at $X in 2015; however, from 2016 to 2020, exports failed to regain momentum.
India is the main exporter, exporting about X units, accounting for X% of total exports. It was followed by Pakistan (X units) with X% of total exports.
From 2007 to 2020, India's exports grew at an average annual rate of +X%. Meanwhile, Pakistan (+X%) showed positive growth. In addition, Pakistan became the fastest growing exporter in South Asia with a CAGR of +X% from 2007-2020.
From 2007 to 2020, Pakistan's share increased by +X% percentage points, while India's (-X pp) share decreased.
In terms of value, India ($X) remains the largest crane supplier in South Asia, accounting for X% of total exports. In second place is Pakistan ($X) with X% of total exports. In India, crane exports grew at an average annual rate of +X% between 2007 and 2020.
In 2020, South Asia imported approximately X cranes; -X% decrease compared to the previous year. Overall, however, there has been a measurable increase in imports. The rate of growth was most pronounced in 2008, when imports increased by X% year-on-year. Imports peaked at X units in 2009; however, from 2010 to 2020, import figures were slightly lower.
Crane imports contracted sharply to $X in 2020 in value terms. But overall, imports continued to show a relatively flat trend pattern. The most significant growth rate occurred in 2008, with an X% year-on-year increase. During the period under review, imports reached an all-time high of $10 in 2011; however, from 2012 to 2020, imports failed to regain momentum.
India is the major importing country, importing about X units or X% of total imports. Pakistan (X units) ranks second in total imports with an X% share, followed by Nepal (X%). Sri Lanka (unit X) is far behind the leaders.
From 2007 to 2020, India's imports have grown at an average annual rate of +X%. Meanwhile, Nepal (+X%) and Pakistan (+X%) showed positive growth. In addition, Nepal became the fastest growing importer in South Asia with a CAGR of +X% from 2007-2020. In contrast, Sri Lanka (-X%) showed a downward trend over the same period. Nepal (+X pp) and Pakistan (+X pp) have significantly strengthened their positions in terms of total imports, while India and Sri Lanka’s shares have declined by -X% and -X%, respectively, from 2007 to 2020.
India ($X) is the largest market for imported cranes in South Asia by value, accounting for X% of total imports. In second place is Pakistan ($X) with X% of total imports. It is closely followed by Sri Lanka with an X% share. In India, crane imports fell by an average of -X% per year between 2007 and 2020. In other countries, the average annual growth rates are as follows: Pakistan (+X% per year) and Sri Lanka (+X% per year).
India ($86 million) remains the largest crane supplier in South Asia by value, accounting for 90% of total exports. In second place was Pakistan ($668,000), which accounted for 0.7% of total exports.
In value terms, India ($280 million) was South Asia's largest market for imports of derricks, cranes, mobile crane frames, straddle carriers and crane-equipped work trucks, accounting for 59% of total imports. In second place was Pakistan ($75 million), which accounted for 16% of total imports. It is closely followed by Sri Lanka with a share of 9.2%.
In 2020, the export price of cranes in South Asia was US$9,800/unit, a year-on-year increase of 2.9%.
In 2020, the import price of cranes in South Asia was US$38,853/unit, a year-on-year decrease of -17.4%.
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