The Southeast Asia crane market fell to $X in 2020, down -X% year over year. Overall, consumption has shown a relatively flat trend pattern. In 2008, the growth rate was the fastest, and the market value increased by X% year-on-year. During the period under review, the market peaked at $X in 2016; however, from 2017 to 2020, consumption has been at lower levels.
In 2020 crane production soared to X dollars by value (estimated at export prices). Overall, production continues to show a relatively flat trend pattern. The growth rate was most pronounced in 2016, with an X% increase over the previous year. During the period under review, production peaked at $X in 2009; however, production has remained low from 2010 to 2020.
The countries with the highest crane production in 2020 are Thailand (X units) and Malaysia (X units).
From 2007 to 2020, the largest increase was in Thailand.
The crane market in Southeast Asia has an exciting growth space. As a Chinese crane supplier, Dongqi Crane has more than ten years of crane service experience in Southeast Asia, and can provide overhead cranes, jib cranes, gantry cranes, electric hoists, and winches to Southeast Asian customers. , and crane design in various complex environments.
In 2020, the number of cranes exported from Southeast Asia decreased to X units, a decrease of -X% compared to 2019 figures. Overall, exports continued to show a relatively flat trend pattern. In 2008, the growth rate was the fastest, with exports increasing by X% over the previous year. Exports peaked at X units in 2013; however, from 2014 to 2020, export figures were slightly lower.
The total value of crane exports in 2020 is X USD. During the period under review, exports showed a relatively stable trend pattern. The growth rate was most pronounced in 2008, when exports increased by X% year-on-year. Export levels peaked at $X in 2012; however, from 2013 to 2020, exports have been at lower levels.
In 2020, Singapore (X units) was the largest exporter of cranes, accounting for X% of total exports. Thailand (X units) accounted for X% of total exports (in tonnes), ranking second, followed by Malaysia (X%) and the Philippines (X%). The following exporting countries - Indonesia (X units) and Vietnam (X units) - each accounted for X% of total exports.
Singapore has experienced a relatively flat trend pattern in the export volume of cranes. Meanwhile, Thailand (+X%), the Philippines (+X%) and Vietnam (+X%) all showed positive growth. In addition, Thailand became the fastest growing exporter in Southeast Asia with a CAGR of +X% from 2007-2020. Indonesia experienced a relatively flat trend pattern. In contrast, Malaysia (-X%) showed a downward trend over the same period. Thailand (+X pp), the Philippines (+X pp) and Vietnam (+X pp) have significantly strengthened their positions in total exports, while Singapore and Malaysia’s shares have decreased by -X% and -X% respectively from 2007 to 2020.
By value, Singapore ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of exports in 2020, together accounting for X% of total exports. During the period under review, Thailand had the highest export value growth rate among major exporters, while other leaders saw more modest growth in shipments.
In 2020, overseas purchases of cranes fell -X% to X units, the third consecutive year of decline after three consecutive years of growth. 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. Imports peaked at X units in 2017; however, from 2018 to 2020, imports have remained low.
In value terms, crane imports fell significantly to $X in 2020. Overall, imports showed a relatively stable trend pattern. The growth rate was most pronounced in 2008, with a year-on-year increase of X%. During the period under review, imports peaked at $X in 2013; however, from 2014 to 2020, imports declined slightly.
Singapore (X units), the Philippines (X units) and Indonesia (X units) accounted for approximately X% of total crane imports in 2020. Malaysia (X units) came second in the ranking, followed by Vietnam (X units). All of these countries together hold about X% of total imports. Thailand (X units) accounted for a small portion of total imports. The Philippines saw the largest increase in purchases from 2007 to 2020, while other leaders saw more modest increases.
The largest crane import markets in Southeast Asia by value are Indonesia ($X), Singapore ($X) and Vietnam ($X), which account for X% of total imports. Among the major importing countries, Indonesia experienced the highest growth in import value during the period under review, while other leaders saw more modest growth in purchases.
The largest crane suppliers in Southeast Asia by value are Singapore ($85 million), Malaysia ($54 million) and Thailand ($53 million), which together account for 86% of total exports.
By value, Indonesia ($317 million), Singapore ($289 million) and Vietnam ($138 million) appear to be the countries with the highest levels of imports in 2020, together accounting for 64% of total imports.
The export price of cranes in Southeast Asia in 2020 was US$35,505 per unit, an increase of 3.8% over the previous year.
In 2020, the import price of cranes in Southeast Asia was US$38,703 per unit, a year-on-year increase of 22%.
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