ASEAN: Truck Crane Market 2024

Truck Crane Market Size in ASEAN

The ASEAN truck crane market contracted significantly to $X in 2022, which is down by X% against the previous year. In general, consumption continues to indicate a mild decrease. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Truck Crane Production in ASEAN

In value terms, truck crane production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Truck Crane Exports

Exports in ASEAN

In 2022, truck crane exports in ASEAN shrank rapidly to X units, which is down by X% compared with 2021 figures. In general, exports saw a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, truck crane exports fell notably to $X in 2022. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand represented the key exporter of truck cranes in ASEAN, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. Malaysia (X units) took the second position in the ranking, distantly followed by Singapore (X units) and Vietnam (X units). All these countries together took near X% share of total exports. Cambodia (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X) remains the largest truck crane supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

In Thailand, truck crane exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, growing by X% against the previous year. In general, the export price posted a buoyant expansion. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Truck Crane Imports

Imports in ASEAN

Truck crane imports shrank rapidly to X units in 2022, declining by X% compared with 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, truck crane imports fell sharply to $X in 2022. In general, imports saw a slight decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X units) was the largest importer of truck cranes, creating X% of total imports. Vietnam (X units) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%) and Thailand (X%). The following importers - Lao People's Democratic Republic (X units), the Philippines (X units) and Singapore (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to truck crane imports into Indonesia stood at X%. At the same time, Vietnam (X%), Lao People's Democratic Republic (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%), Thailand (X%) and Singapore (X%) illustrated a downward trend over the same period. Indonesia (X p.p.), Vietnam (X p.p.), Lao People's Democratic Republic (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while the Philippines, Singapore and Thailand saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest truck crane importing markets in ASEAN were Indonesia ($X), Thailand ($X) and Vietnam ($X), together accounting for X% of total imports.

Vietnam, with a CAGR of X%, saw the highest growth rate of 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 2022, the import price in ASEAN amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a slight descent. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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