Vietnam - Derricks, Cranes, Mobile Lifting Frames, Straddle Carriers And Work Trucks Fitted With A Crane - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCrane Price in Vietnam - 2022
Contents:
- Crane Price in Vietnam (CIF) - 2022
- Crane Price in Vietnam (FOB) - 2022
- Crane Imports in Vietnam
- Crane Exports in Vietnam
Crane Price in Vietnam (CIF) - 2022
The average crane import price stood at $140K per unit in December 2022, reducing by -17.4% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 56% month-to-month. The import price peaked at $174K per unit in March 2022; however, from April 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Thailand ($251K per unit), while the price for China ($127K per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Crane Price in Vietnam (FOB) - 2022
The average crane export price stood at $169K per unit in December 2022, therefore, remained relatively stable against the previous month. Overall, the export price recorded a perceptible shrinkage. The growth pace was the most rapid in April 2022 when the average export price increased by 91% against the previous month. Over the period under review, the average export prices hit record highs at $257K per unit in July 2022; however, from August 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was France ($262K per unit), while the average price for exports to Singapore ($123K per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+91.8%), while the prices for the other major destinations experienced more modest paces of growth.
Crane Imports in Vietnam
In 2022, supplies from abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane increased by 27% to 31K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at 31K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, crane imports rose rapidly to $233M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 18%. As a result, imports reached the peak of $252M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Crane in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 61.6 | 55.2 | 24.4 | 88.3 | 12.8% |
China | 94.7 | 108 | 162 | 70.0 | -9.6% |
Germany | 9.0 | 37.1 | 4.1 | 20.2 | 30.9% |
South Korea | 12.3 | 10.2 | 5.0 | 10.6 | -4.8% |
Denmark | 0.1 | 0.1 | 0.1 | 5.1 | 270.8% |
Philippines | 2.3 | 4.1 | 1.8 | 4.5 | 25.1% |
Others | 33.7 | 38.0 | 17.3 | 34.8 | 1.1% |
Total | 214 | 252 | 214 | 233 | 2.9% |
Top Suppliers of Crane to Vietnam in 2022:
- Japan (11.7K units)
- China (9.4K units)
- Germany (2.6K units)
- Denmark (2.2K units)
- Philippines (2.1K units)
- South Korea (0.7K units)
Crane Exports in Vietnam
In 2022, exports of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane from Vietnam reduced to 830 units, shrinking by -12.3% on the previous year's figure. Overall, exports showed a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. The exports peaked at 2.2K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, crane exports contracted to $16M in 2022. In general, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, the exports attained the maximum at $37M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Crane in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | N/A | N/A | N/A | 5.2 | 0% |
United States | 0.9 | 0.7 | 1.4 | 1.6 | 21.1% |
Hong Kong SAR | 0.2 | 0.3 | 0.3 | 1.3 | 86.6% |
Singapore | 4.4 | 3.0 | 3.0 | 1.1 | -37.0% |
Pakistan | 6.0 | 2.0 | 2.1 | 0.9 | -46.9% |
Cambodia | 3.4 | 1.6 | 1.7 | 0.7 | -41.0% |
Indonesia | 0.4 | 0.2 | 0.2 | 0.6 | 14.5% |
Russia | 0.5 | 0.3 | 1.2 | 0.6 | 6.3% |
Lao People's Democratic Republic | 0.4 | 0.4 | 0.6 | 0.3 | -9.1% |
Bangladesh | 0.6 | 0.1 | 0.4 | 0.2 | -30.7% |
Myanmar | 1.7 | 0.5 | 0.5 | 0.2 | -51.0% |
Netherlands | 1.6 | 0.3 | 0.4 | 0.1 | -60.3% |
Philippines | 9.9 | 0.2 | 0.1 | 0.1 | -78.4% |
Others | 7.1 | 5.6 | 5.9 | 3.6 | -20.3% |
Total | 37.1 | 15.2 | 17.7 | 16.5 | -23.7% |
Top Export Markets for Crane from Vietnam in 2022:
- India (223.0 units)
- Pakistan (152.0 units)
- Indonesia (90.0 units)
- Hong Kong SAR (53.0 units)
- United States (48.0 units)
- Singapore (42.0 units)
- Cambodia (34.0 units)
- Lao People's Democratic Republic (16.0 units)
- Russia (15.0 units)
- Bangladesh (12.0 units)
- Myanmar (8.0 units)
- Netherlands (4.0 units)
- Philippines (3.0 units)
This report provides an in-depth analysis of the crane market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221420 - Overhead travelling cranes on fixed support
- Prodcom 28221433 - Mobile lifting frames on tyres and straddle carriers
- Prodcom 28221435 - Transporter cranes, gantry cranes and bridge cranes
- Prodcom 28221440 - Tower cranes and portal or pedestal jib cranes
- Prodcom 28221450 - Self-propelled lifting equipment, of a kind mounted to run on rails in servicing building sites, quarries and the like
- Prodcom 28221460 - Lifting equipment designed for mounting on road vehicles
- Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the crane market in Vietnam.
This report provides an in-depth analysis of the vehicle-mounted lifting equipment market in Vietnam.
This report provides an in-depth analysis of the lifting equipment market in Vietnam.
This report provides an in-depth analysis of the mobile lifting frame market in Vietnam.
This report provides an in-depth analysis of the overhead travelling crane market in Vietnam.
This report provides an in-depth analysis of the market for self-propelled lifting equipment, of a kind mounted to run on rails in servicing building sites, quarries and the like in Vietnam.
This report provides an in-depth analysis of the market for tower and portal cranes in Vietnam.
This report provides an in-depth analysis of the market for transporter and bridge cranes in Vietnam.
This report provides an in-depth analysis of the global crane market.
This report provides an in-depth analysis of the global vehicle-mounted lifting equipment market.
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Learn about the projected growth in the global market for derricks, cranes, mobile lifting frames, straddle carriers, and work trucks with cranes, with an expected increase in market volume to 2.2M units by 2030 and market value to $181.4B.
Explore the world's best import markets for crane with key statistics and insights. Discover the import values of top countries and their significance in the crane market.
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