Cranes; Tower Cranes Price in Thailand - 2023

Contents:

  1. Cranes; Tower Cranes Price in Thailand (CIF) - 2022
  2. Cranes; Tower Cranes Price in Thailand (FOB) - 2022
  3. Cranes; Tower Cranes Imports in Thailand
  4. Cranes; Tower Cranes Exports in Thailand

Cranes; Tower Cranes Price in Thailand (CIF) - 2022

In 2022, the average cranes; tower cranes import price amounted to $106,833 per unit, rising by 23% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $117,276 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($423,355 per unit), while the price for Singapore ($13,512 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Cranes; Tower Cranes Price in Thailand (FOB) - 2022

The average cranes; tower cranes export price stood at $29,270 per unit in 2022, jumping by 234% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The export price peaked at $113,905 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($92,697 per unit), while the average price for exports to Cambodia ($1,641 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+5.3%), while the prices for the other major destinations experienced a decline.

Cranes; Tower Cranes Imports in Thailand

Cranes; tower cranes imports into Thailand skyrocketed to 92 units in 2022, with an increase of 96% on the year before. Overall, imports, however, continue to indicate a deep slump. Imports peaked at 185 units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, cranes; tower cranes imports surged to $9.8M in 2022. Over the period under review, imports, however, faced a abrupt descent. Over the period under review, imports attained the peak figure at $15M in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Import of Cranes; Tower Cranes in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia0.3N/AN/A3.0115.4%
China10.412.02.82.5-37.8%
France0.20.11.10.858.7%
Germany2.0N/AN/A0.7-29.5%
South Korea0.21.0N/A0.751.8%
Italy0.21.20.20.426.0%
Singapore0.40.40.10.2-20.6%
Japan0.1N/AN/A0.10.0%
Cambodia0.1N/AN/A0.10.0%
NetherlandsN/AN/AN/AN/A0%
Others1.20.7N/A1.45.3%
Total15.015.54.19.8-13.2%

Top Suppliers of Cranes; Tower Cranes to Thailand in 2022:

  1. China (26.0 units)
  2. Italy (16.0 units)
  3. Singapore (16.0 units)
  4. Malaysia (7.0 units)
  5. South Korea (6.0 units)
  6. France (5.0 units)
  7. Japan (4.0 units)
  8. Cambodia (3.0 units)
  9. Netherlands (2.0 units)
  10. Germany (2.0 units)

Cranes; Tower Cranes Exports in Thailand

In 2022, shipments abroad of cranes; tower craneses decreased by -85.1% to 56 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded significant growth. The exports peaked at 376 units in 2021, and then dropped sharply in the following year.

In value terms, cranes; tower cranes exports contracted notably to $1.6M in 2022. Overall, exports, however, saw significant growth. The exports peaked at $3.3M in 2021, and then contracted markedly in the following year.

Export of Cranes; Tower Cranes in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam12.0N/A1,9861,180361.6%
Philippines25.7N/AN/A229107.3%
Indonesia15.0N/AN/A11597.2%
Denmark15.3N/AN/A49.247.6%
South Korea7.6N/AN/A42.777.8%
Myanmar3.9N/AN/A15.357.7%
Cambodia2.7N/AN/A6.030.5%
United Arab EmiratesN/AN/A39.5N/A0%
PakistanN/AN/A1,267N/A0%
Canada322N/AN/AN/A0%
Others274N/A1.210.1-66.7%
Total677N/A3,2941,64734.5%

Top Export Markets for Cranes; Tower Cranes from Thailand in 2022:

  1. Philippines (27.0 units)
  2. Vietnam (13.0 units)
  3. Myanmar (7.0 units)
  4. Indonesia (4.0 units)
  5. Cambodia (4.0 units)
  6. Denmark (1.0 units)
  7. South Korea (1.0 units)

Source: IndexBox Market Intelligence Platform

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