South-Eastern Asia: Truck Crane Market 2024

Truck Crane Market Size in South-Eastern Asia

The Southeast Asian truck crane market was finally on the rise to reach $X in 2023, after five years of decline. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Truck Crane Production in South-Eastern Asia

In value terms, truck crane production totaled $X in 2023 estimated in export price. Over the period under review, production, however, saw a mild setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Truck Crane Exports

Exports in South-Eastern Asia

In 2023, approx. X units of truck cranes were exported in South-Eastern Asia; growing by X% on 2022 figures. Overall, exports, however, recorded a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, truck crane exports soared to $X in 2023. In general, exports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Singapore represented the main exporter of truck cranes in South-Eastern Asia, with the volume of exports recording X units, which was near X% of total exports in 2023. The Philippines (X units) took the second position in the ranking, distantly followed by Indonesia (X units), Vietnam (X units) and Thailand (X units). All these countries together took approx. X% share of total exports. The following exporters - Myanmar (X units) and Cambodia (X units) - each amounted to a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) emerged as the largest truck crane supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with an X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore totaled X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2023, increasing by X% against the previous year. Overall, the export price posted notable growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced more modest paces of growth.

Truck Crane Imports

Imports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded growth in overseas purchases of truck cranes, which increased by X% to X units in 2023. Over the period under review, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, truck crane imports soared to $X in 2023. Total imports indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

In 2023, Thailand (X units), distantly followed by Indonesia (X units), Myanmar (X units), Vietnam (X units) and Malaysia (X units) represented the largest importers of truck cranes, together generating X% of total imports. The following importers - Singapore (X units) and Cambodia (X units) - each accounted for a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Myanmar ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per unit, reducing by X% against the previous year. In general, the import price showed a noticeable curtailment. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform