ASEAN: Crawler Dozer Market 2024

Crawler Dozer Market Size in ASEAN

In 2022, the ASEAN crawler dozer market increased by 54% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a slight expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Crawler Dozer Production in ASEAN

In value terms, crawler dozer production declined modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 5.5% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Crawler Dozer Exports

Exports in ASEAN

In 2022, shipments abroad of crawler dozers increased by 9.5% to X units, rising for the second consecutive year after two years of decline. In general, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 114% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, crawler dozer exports skyrocketed to $X in 2022. Over the period under review, exports showed prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by 136%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Thailand was the key exporter of crawler dozers in ASEAN, with the volume of exports finishing at X units, which was near 71% of total exports in 2022. It was distantly followed by Singapore (X units) and Malaysia (X units), together generating a 24% share of total exports. Indonesia (X units) held a little share of total exports.

Thailand was also the fastest-growing in terms of the crawler dozers exports, with a CAGR of +31.2% from 2012 to 2022. At the same time, Singapore (+1.9%) displayed positive paces of growth. By contrast, Malaysia (-4.8%) and Indonesia (-15.7%) illustrated a downward trend over the same period. Thailand (+61 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia, Singapore and Indonesia saw its share reduced by -10.6%, -13.2% and -36.1% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest crawler dozer supplier in ASEAN, comprising 94% of total exports. The second position in the ranking was held by Singapore ($X), with a 2.1% share of total exports. It was followed by Indonesia, with a 2% share.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled +41.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-9.9% per year) and Indonesia (-16.4% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, with an increase of 26% against the previous year. In general, the export price continues to indicate a resilient increase. The growth pace was the most rapid in 2020 when the export price increased by 50%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.9%), while the other leaders experienced a decline in the export price figures.

Crawler Dozer Imports

Imports in ASEAN

In 2022, supplies from abroad of crawler dozers increased by 103% to X units, rising for the second year in a row after two years of decline. In general, imports showed a temperate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, crawler dozer imports soared to $X in 2022. Overall, imports continue to indicate notable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Indonesia (X units) represented the largest importer of crawler dozers, constituting 74% of total imports. It was distantly followed by the Philippines (X units), committing a 13% share of total imports. Thailand (X units), Cambodia (X units), Vietnam (X units) and Malaysia (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to crawler dozer imports into Indonesia stood at +4.2%. At the same time, Thailand (+15.8%), Cambodia (+14.6%) and the Philippines (+6.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +15.8% from 2012-2022. By contrast, Vietnam (-1.3%) and Malaysia (-13.2%) illustrated a downward trend over the same period. Indonesia (+6.2 p.p.), the Philippines (+3.8 p.p.), Thailand (+2.2 p.p.) and Cambodia (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam and Malaysia saw its share reduced by -1.5% and -8.6% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported crawler dozers in ASEAN, comprising 80% of total imports. The second position in the ranking was held by the Philippines ($X), with a 9.4% share of total imports. It was followed by Vietnam, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia stood at +3.2%. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (+3.1% per year) and Vietnam (-1.0% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, growing by 13% against the previous year. In general, the import price, however, saw a mild downturn. The pace of growth appeared the most rapid in 2017 an increase of 38%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform