In 2021, the Singapore haulage and overhead crane market will grow X% to X dollars, rising for the second year in a row after two years of decline. Overall, consumption has grown significantly. During the period under review, the market reached its highest level in 2021 and is expected to maintain growth in the near term.

Export Scale of Overhead Cranes and Gantry Cranes in Singapore
In 2021, the number of transport cranes, gantry cranes and overhead cranes exported from Singapore will increase significantly to X units, an increase of X% year-on-year. Overall, however, exports recorded a marked decline. The fastest growth in 2020, with exports up X% year-on-year. During the period under review, exports peaked at X units in 2012; however, from 2013 to 2021, exports were at lower levels.

Exports of transport cranes and overhead cranes in 2021 are worth X dollars in value. But overall, there has been a sudden drop in exports. Exports peaked at $X in 2012; however, from 2013 to 2021, exports remained low.

Indonesia (X units), Nigeria (X units) and Sri Lanka (X units) were the top destinations for Singapore’s haulage and overhead crane exports, together accounting for X% of total exports.

From 2012 to 2021, the largest increase was in Sri Lanka (+X%), while the other leaders saw more modest growth in shipments. In terms of value, Indonesia (USD X) remains the leading foreign market for Singapore’s haulage and overhead crane exports, accounting for X% of total exports. In second place is Nigeria ($X) with X% of total exports. It is closely followed by Malaysia with an X% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia will total -X%. Exports to other major destinations recorded the following average annual export growth rates: Nigeria (+X% per annum) and Malaysia (-X% per annum).

Import Scale of Overhead Cranes and Gantry Cranes in Singapore
In 2021, foreign purchases of transport cranes, gantry cranes and overhead cranes increased by X% to X units, increasing for the second consecutive year after two years of declines. Overall, imports continued to increase significantly. In 2016, the growth rate was the fastest, with an increase of X% year-on-year. Imports peaked in 2021 and may gradually increase in the near future.

The total import of transport cranes and overhead cranes in 2021 is X USD by value. Overall, import growth was strong. The most significant growth rate occurred in 2013, when imports increased by X% year-on-year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remain low.

In 2021, Bangladesh (X units) is the largest supplier of transport cranes and overhead cranes in Singapore, accounting for X% of total imports. In addition, transport cranes and overhead cranes imported from Bangladesh are ten times higher than the number recorded by the second largest supplier, Indonesia (X units). China (X units) ranked third with X% of total imports.

From 2012 to 2021, the average annual growth rate of Bangladesh’s export volume totals +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Indonesia (+X% per annum) and China (+X% per annum).

China (USD X) is the largest supplier of transport and overhead cranes to Singapore by value, accounting for X% of total imports. In second place is Germany ($X) with X% of total imports. It is closely followed by Malaysia with an X% share. From 2012 to 2021, the average annual growth rate of value from China reaches +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Germany (-X% per annum) and Malaysia (+X% per annum)

Statistics of various crane suppliers in Singapore
China is Singapore’s largest supplier of transport and overhead cranes by value, accounting for 62% of total imports. In second place was Germany, which accounted for 8.7% of total imports. It was followed by Malaysia with a share of 1.4%.

In value terms, Indonesia remains the leading foreign market for Singapore’s transport and overhead crane exports, accounting for 41% of total exports. In second place is Nigeria, with 16% of total exports. It was followed by Malaysia with a share of 11%.

In 2021, the average export price of transport cranes and overhead cranes will be USD 9,020 per unit, a decrease of -8.6% from the previous year.

In 2021, the average import price of transport cranes and overhead cranes will be USD 1,146 per unit, a decrease of -29.9% from the previous year.

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Singapore Overhead Cranes and Gantry Cranes Market Study 2022

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