On January 17, the National Bureau of Statistics released China’s economic data for 2021. According to preliminary calculations, the annual GDP was 114.367 trillion yuan, an increase of 8.1% over the previous year at constant prices.
Throughout the year, 12.69 million new jobs were created in urban areas, an increase of 830,000 over the previous year. The average urban surveyed unemployment rate in the whole year was 5.1%, down 0.5 percentage points from the average of the previous year.
In the whole year, the added value of industries above designated size increased by 9.6% over the previous year, with an average growth rate of 6.1% in the two years. In terms of three categories, the added value of the mining industry increased by 5.3%, the manufacturing industry increased by 9.8%, and the production and supply of electricity, heat, gas and water increased by 11.4%. The added value of high-tech manufacturing and equipment manufacturing increased by 18.2% and 12.9%, respectively, 8.6 and 3.3 percentage points faster than that of industries above designated size. In terms of products, the output of new energy vehicles, industrial robots, integrated circuits and microcomputer equipment increased by 145.6%, 44.9%, 33.3% and 22.3% respectively. In terms of economic types, the added value of state-controlled enterprises increased by 8.0%; joint-stock enterprises increased by 9.8%, foreign-invested enterprises, Hong Kong, Macao and Taiwan-invested enterprises increased by 8.9%; private enterprises increased by 10.2%. In December, the added value of industrial enterprises above designated size increased by 4.3% year-on-year and 0.42% month-on-month. The manufacturing purchasing managers’ index was 50.3 percent, an increase of 0.2 percentage points from the previous month. In 2021, the national industrial capacity utilization rate will be 77.5%, an increase of 3.0 percentage points over the previous year.
As a Chinese crane manufacturer, Dongqi Crane not only provides crane products and services to countries around the world, but also has a certain market space in China. With the strong recovery of China’s economy, how China’s crane market will develop in 2022 is a matter of concern. This article will analyze the import and export data of overhead cranes in China to observe the development and changes of the Chinese crane market
Some Questions About the World Overhead Crane Market
Before we start discussing the aerial crane market in China, we have a few small questions that need to be answered first. Let’s take a look
- What are the largest markets for overhead travelling cranes on fixed support in the world?
- The countries with the highest volumes of overhead travelling crane consumption in 2020 were China (34K units), the U.S. (18K units) and India (13K units), together comprising 39% of global consumption. Japan, Germany, Russia, Brazil, Denmark, Bangladesh, Canada, Spain, Turkey and Italy lagged somewhat behind, together comprising a further 28%.
- What are the largest producers of overhead travelling cranes on fixed support in the world?
- China (38K units) remains the largest overhead travelling crane producing country worldwide, accounting for 24% of total volume. Moreover, overhead travelling crane production in China exceeded the figures recorded by the second-largest producer, the U.S. (18K units), twofold. The third position in this ranking was occupied by India (14K units), with a 9% share.
- What are the leading suppliers of overhead travelling cranes on fixed support to China?
- In value terms, Germany ($3.3M), Finland ($2.8M) and the Czech Republic ($1.7M) appeared to be the largest overhead travelling crane suppliers to China, with a combined 74% share of total imports. These countries were followed by South Africa, the U.S., Italy and Denmark, which together accounted for a further 17%.
- What are the leading importers of overhead travelling cranes on fixed support from China?
- In value terms, Indonesia ($42M) remains the key foreign market for overhead travelling crane exports from China, comprising 22% of total exports. The second position in the ranking was occupied by Iran ($15M), with a 8% share of total exports. It was followed by Pakistan, with a 7.8% share.
- What is the average export price for overhead travelling cranes on fixed support in China?
- In 2020, the average overhead travelling crane export price amounted to $44,184 per unit, growing by 20% against the previous year.
- What is the average import price for overhead travelling cranes on fixed support in China?
- In 2020, the average overhead travelling crane import price amounted to $84,960 per unit, picking up by 103% against the previous year.
China Overhead Crane Market Scale
In 2020, China’s overhead crane market expanded significantly to X US dollars, an increase of X% year-on-year. In general, consumption shows a relatively stable trend pattern. The most significant growth rate occurred in 2009, which was an X% increase compared to the previous year. As a result, consumption reaches a peak level of X dollars. From 2010 to 2020, the market growth rate remained at a low level.
By value, the production of overhead cranes is estimated to rise to X dollars in 2020 at export prices. Overall, production showed a relatively flat trend pattern. The most significant growth rate occurred in 2009, with an X% year-on-year increase in production. As a result, production reached a peak level of X dollars. From 2010 to 2020, the output growth rate remained at a low level.
Export Scale of China’s Overhead Crane Market
After three years of growth, overseas shipments of fixed-support overhead cranes fell -X% to X units in 2020. But overall, exports showed significant growth. In 2008, the growth rate was the fastest, and exports increased by X% year-on-year. Exports peaked at X units in 2019 before falling sharply the following year.
In value terms, 2020 overhead crane exports dropped significantly to $X. But overall, exports have grown strongly. The most significant growth rate occurred in 2008, when exports increased by X% year-on-year. Exports peaked at $X in 2012; however, from 2013 to 2020, export figures were slightly lower.
Indonesia (X units), Thailand (X units) and the United Arab Emirates (X units) were the main destinations for Chinese overhead crane exports, together accounting for X% of total exports. Vietnam, Bangladesh, Russia, Pakistan, the Philippines, Uzbekistan, Malaysia, Iran, Nigeria and Myanmar are somewhat lagging behind, with the most significant growth in shipments among the major destination countries from 2007 to 2020, with Uzbekistan reaching, Other leaders saw their exports grow more modestly.
In value terms, Indonesia (USD X) remains the leading foreign market for Chinese overhead crane exports, accounting for X% of total exports. In second place is Iran ($X) with X% of total exports. It is followed by Pakistan with an X% share.
From 2007 to 2020, the average annual growth in value to Indonesia totaled +X%. Exports to other major destinations recorded the following average annual export growth rates: Iran (+X% per annum) and Pakistan (+X% per annum).
Import scale of China’s overhead crane market
In 2020, the number of fixed-support overhead cranes imported into China rapidly decreased to X units, a -X% decrease from 2019. Overall, imports contracted sharply. The most significant growth rate occurred in 2011, when imports increased by X% over the previous year. As a result, imports peaked at X units. Import growth failed to regain momentum between 2012 and 2020.
In value terms, bridge crane imports contracted rapidly to $X in 2020. Overall, imports continue to show a sudden pullback. The growth rate was most significant in 2011, with an X% increase year-on-year. As a result, imports peaked at X dollars. Import growth remained low between 2012 and 2020.
In 2020, Germany (X units) was the largest supplier of overhead cranes in China, accounting for X% of total imports. In addition, overhead cranes imported from Germany were three times higher than the number recorded by the second largest supplier, the United States (X units). In third place is Denmark (X units) with an X% share.
From 2007 to 2020, the average annual growth rate of sales from Germany totaled -X%. The average annual growth rates of imports for the remaining suppliers are as follows: United States (+X% per year) and Denmark (-X% per year).
By value, China’s largest suppliers of overhead cranes are Germany ($X), Finland ($X), and the Czech Republic ($X), which together account for X% of total imports. This was followed by South Africa, the United States, Italy and Denmark, which had the highest growth in import value among the major suppliers during the period under review, while the United States had the highest growth in import value. Other leaders experienced mixed trend patterns.
How to customize Overhead Crane from China
We are a crane manufacturer located in China, providing crane customization services to global crane customers. If you want to customize a Overhead Crane, you can leave a message on the website or email, tell us the following information, and our sales manager will contact you:
- Lifting capacity (ton): __ ?( The rated capacity)
- Lifting height (m):__ ? (Height from hook center to the floor)
- Span (m): __ ? (Distance between rail center)
- Lifting speed (m/min): __ ? ( Single, Dual, Variable)
- Traveling distance (m): __ ? (The length of the rail)
- Work duty: __ ? (How many hours a day? How many times an hour?)
- What material to be lifted: __ ?
- Industrial voltage: __ ? ( like :380V, 50Hz, 3ph )
You can either fill out the contact form or send us an email. After receiving your inquiry, we will contact you as soon as possible and provide you with a suitable offer.
China Overhead Crane Market Scale, Trend and Analysis in 2022
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