Thailand Overhead Cranes and Gantry Cranes Market Study 2022

 Thailand’s transport and overhead crane market contracted sharply to $X in 2021, down -X% from the previous year. Overall, consumption continued to show a relatively flat trend pattern. As a result, consumption reaches a peak level of X dollars. From 2019 to 2021, the growth of the market failed to regain momentum.

In value terms, the production of transport and overhead cranes is estimated to have dropped significantly to $X in 2021 at export prices. During the period under review, production volumes increased significantly. Transport and overhead crane production peaked at $X in 2020 before shrinking significantly the following year.

Export Scale of Overhead Cranes and Gantry Cranes in Thailand

Thailand’s transport and overhead crane exports surged to X units in 2021, an increase of X% compared to the previous year. Overall, exports continued to grow significantly. The most significant growth rate occurred in 2020, with an X% increase compared to the previous year. During the period under review, exports peaked in 2021 and are expected to maintain growth in the short term.

Exports of transport and overhead cranes surged to $X by value in 2021. During the period under review, exports increased significantly. The most significant growth rate occurred in 2020, when exports increased by X% year-on-year. Exports peaked in 2021 and are expected to keep growing in the near future.

The United States (X units) is the main destination for Thailand’s transport and overhead crane exports, accounting for X% of total exports. In addition, transport and overhead cranes were exported to the US three times as much as to the second major destination, Mexico (X units). Vietnam (X units) ranked third with X% of total exports.

From 2012 to 2021, the average annual growth rate of exports to the United States is +X%. Exports to other major destinations recorded the following average annual export growth rates: Mexico (+X% per annum) and Vietnam (+X% per annum).

In terms of value, the United States (USD X) remains the leading foreign market for Thailand’s transport and overhead crane exports, accounting for X% of total exports. In second place is Mexico ($X) with X% of total exports. It was followed by Canada with an X% share.

Average annual growth in value to the U.S. from 2012 to 2021 +X%. Exports to other major destinations recorded the following average annual export growth rates: Mexico (+X% per annum) and Canada (+X% per annum).

Import Scale of Overhead Cranes and Gantry Cranes in Thailand

After two years of decline, the supply of transport cranes, gantry cranes and overhead cranes imported from abroad in 2021 increased by X% to X units. However, 3 ton gantry crane imports continued to show a slight downward trend during the period under review. The growth rate was most pronounced in 2018, when imports increased by X% year-on-year. As a result, imports peaked at X units. Import growth will remain low in 2019-2021.

Imports of transport and overhead cranes soar to $X in 2021 by value. But overall, imports expanded moderately. The fastest growth was recorded in 2018, with imports increasing by X% year-on-year. As a result, imports peaked at X dollars. Import growth will remain low in 2019-2021.

South Korea (X units), China (X units) and Japan (X units) are the major suppliers of transport and overhead cranes imported into Thailand, accounting for X% of total imports. Belgium and Germany are a little behind, together forming a further X from 2012 to 2021, with the largest increase being Belgium (+X%), while other leaders experienced a more modest pace of growth in procurement.

China (USD X) is Thailand’s largest supplier of transport and overhead cranes by value, accounting for X% of total imports. In second place is South Korea ($X) with X% of total imports. It is followed by Japan with an X% share.

From 2012 to 2021, the average annual growth rate of value from China totals +X%. The average annual growth rates of imports for the remaining suppliers are as follows: South Korea (+X% per annum) and Japan (-X% per annum).

Statistics of various crane suppliers in Thailand

China is Thailand’s largest supplier of transport and overhead cranes by value, accounting for 58% of total imports. In second place is South Korea, which accounts for 28% of total imports. It is followed by Japan with a share of 6.2%.

In value terms, the US remains the leading foreign market for Thailand’s transport and overhead crane exports, accounting for 73% of total exports. In second place is Mexico, with 22% of total exports. It was followed by Canada with a share of 2.1%.

In 2021, the average export price of transport and overhead cranes will be $3,537 per unit, down -5.4% from the previous year.

In 2021, the average import price of transport and overhead cranes is $5,416 per unit, an increase of 18% from the previous year.

How to customize crane from China

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Thailand Overhead Cranes and Gantry Cranes Market Study 2022