Asia: Mobile Lifting Frame Market 2024

Mobile Lifting Frame Market Size in Asia

The Asian mobile lifting frame market rose rapidly to $X.6B in 2022, surging by X% against the previous year. Overall, consumption posted a buoyant increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Mobile Lifting Frame Production in Asia

In value terms, mobile lifting frame production expanded remarkably to $X.7B in 2022 estimated in export price. Over the period under review, production saw a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X.5B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Mobile Lifting Frame Exports

Exports in Asia

In 2022, overseas shipments of mobile lifting frames on tyres and straddle carriers decreased by X% to X units, falling for the second consecutive year after three years of growth. Overall, exports recorded a noticeable slump. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mobile lifting frame exports contracted to $X in 2022. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units) and China (X units) were the main exporters of mobile lifting frames on tyres and straddle carriers in 2022, resulting at near X% and X% of total exports, respectively. The United Arab Emirates (X units) held the next position in the ranking, followed by Kazakhstan (X units). All these countries together took approx. X% share of total exports. Singapore (X units), Kuwait (X units), India (X units), Taiwan (Chinese) (X units), Turkey (X units) and Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Kazakhstan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the largest mobile lifting frame supplier in Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price, however, saw a slight downturn. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

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

Mobile Lifting Frame Imports

Imports in Asia

In 2022, overseas purchases of mobile lifting frames on tyres and straddle carriers increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, mobile lifting frame imports soared to $X in 2022. Overall, imports, however, saw a perceptible setback. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X units) was the main importer of mobile lifting frames on tyres and straddle carriers, comprising X% of total imports. Indonesia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%), Bangladesh (X%) and the Philippines (X%). The following importers - Iran (X units), Vietnam (X units), Thailand (X units), Georgia (X units), Kuwait (X units), Israel (X units), Maldives (X units) and India (X units) - together made up X% of total imports.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Maldives (X%), Georgia (X%), Israel (X%), the Philippines (X%), the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, India (X%), Indonesia (X%), Thailand (X%), Bangladesh (X%), Vietnam (X%) and Kuwait (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Singapore (X p.p.), the Philippines (X p.p.), Georgia (X p.p.), Kuwait (X p.p.), Maldives (X p.p.), Israel (X p.p.) and Iran (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Vietnam (X p.p.), Bangladesh (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mobile lifting frame importing markets in Asia were Indonesia ($X), the Philippines ($X) and the United Arab Emirates ($X), together comprising X% of total imports. Vietnam, Singapore, Bangladesh, Israel, India, Iran, Kuwait, Thailand, Georgia and Maldives lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Israel, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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