From January to June 2021, the trade volume between China and Thailand was US$62.59 billion, a year-on-year increase of 38.2%. Among them, China’s exports to Thailand were US$32.45 billion and imports from Thailand were US$30.14 billion, up 42.7% and 33.7% year-on-year respectively.
From January to June 2021, the value of newly signed engineering contracts by Chinese companies in Thailand was US$1.73 billion, a year-on-year increase of 7.0%; the completed turnover was US$1.41 billion, a year-on-year increase of 16.1%.
The trade between China and Thailand has always maintained a good growth. From the data point of view, 2021 is a year of explosive growth, and the progress of China’s engineering projects in Thailand also has a surprising performance. Dongqi Crane exported a total of 9 crane orders to Thailand in 2021, involving different types of cranes. As an indispensable equipment in engineering projects, we believe that the crane market in Thailand will have a better performance in 2022. This article will analyze the trend of the Thai crane market in 2022 through the import and export data of overhead cranes in Thailand
Some Questions About the World Overhead Crane Market
Before we start discussing the aerial crane market in Thailand, 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 Thailand?
- In value terms, China ($6.4M) constituted the largest supplier of overhead travelling crane to Thailand, comprising 63% of total imports. The second position in the ranking was occupied by Finland ($1.9M), with a 19% share of total imports. It was followed by the UK, with a 7.6% share.
- What are the leading importers of overhead travelling cranes on fixed support from Thailand?
- In value terms, Lao People’s Democratic Republic ($192K), Australia ($96K) and Vietnam ($47K) constituted the largest markets for overhead travelling crane exported from Thailand worldwide.
- What is the average export price for overhead travelling cranes on fixed support in Thailand?
- In 2020, the average overhead travelling crane export price amounted to $47,902 per unit, standing approx. at the previous year.
- What is the average import price for overhead travelling cranes on fixed support in Thailand?
- In 2020, the average overhead travelling crane import price amounted to $34,495 per unit, approximately equating the previous year.
Thailand Overhead Crane Market Size
The Thailand Overhead Crane Market expanded significantly to USD X in 2020, an increase of X% over the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). In general, consumption expanded elastically. The rate of growth was most pronounced in 2010, when the market value increased by X% year over year. During the period under review, the market peaked at $X in 2018; however, from 2019 to 2020, consumption has remained low.
Thailand’s overhead crane export scale
In 2020, the number of fixed-support overhead cranes exported from Thailand was X, the same as in 2019. Overall, exports fell sharply. The fastest growth rate in 2013, an increase of X% year-on-year. As a result, exports peaked at X units. From 2014 to 2020, export growth remained low.
In value terms, 2020 overhead crane exports fell to X dollars. During the period under review, exports fell sharply. The growth rate was most pronounced in 2013, with a year-on-year increase of X%. As a result, exports peaked at X dollars. From 2014 to 2020, the growth rate of exports remained at a low level.
Lao People’s Democratic Republic (X units), Vietnam (X units) and Australia (X units) were the main destinations for Thailand’s overhead crane exports, together accounting for X% of total exports.
From 2007 to 2020, the Lao People’s Democratic Republic saw the largest increase in shipments, while other leaders saw declines in shipments.
By value, the Lao People’s Democratic Republic ($X), Australia ($X) and Vietnam ($X) constitute the world’s largest markets for overhead crane exports from Thailand.
During the period under review, Vietnam had the highest export value growth rate among major destination countries, while exports from other countries declined.
Import scale of overhead cranes in Thailand
In 2020, approximately X fixed-support overhead cranes were imported into Thailand; an increase of X% over the previous year. Overall, imports showed strong growth. The most significant growth rate occurred in 2018, which was an X% increase compared to the previous year. As a result, imports peaked at X units. Import growth failed to regain momentum in 2019-20.
In value terms, bridge crane imports surged significantly to $X in 2020. During the period under review, imports grew strongly. In 2010, the growth rate was the fastest, with imports increasing by X% year-on-year. During the period under review, imports reached a maximum value of X dollars in 2018; however, from 2019 to 2020, imports decreased slightly.
In 2020, China (X units) was the largest supplier of overhead cranes in Thailand, accounting for X% of total imports. In addition, overhead cranes imported from China were six times higher than the number recorded by the second largest supplier, the UK (X units). In third place in this ranking is Finland (X units) with an X% share.
From 2007 to 2020, the average annual growth rate of sales from China is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: United Kingdom (+X% per annum) and Finland (+X% per annum). China (USD X) is Thailand’s largest supplier of overhead cranes by value, accounting for X% of total imports. In second place is Finland ($X) with X% of total imports. It is followed by the UK with an X% share.
From 2007 to 2020, the average annual growth rate of value from China is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Finland (+X% per annum) and the United Kingdom (+X% per annum).
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.
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