ASEAN: Crawler Tractor Market 2025

Crawler Tractor Market Size in ASEAN

The ASEAN crawler tractor market was finally on the rise to reach $X in 2021, after five years of decline. Overall, consumption, however, recorded a deep downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Crawler Tractor Production in ASEAN

In value terms, crawler tractor production rose slightly to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 30%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Crawler Tractor Exports

Exports in ASEAN

In 2021, the amount of crawler tractors exported in ASEAN dropped significantly to X units, falling by -41.4% against the previous year. Overall, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 72%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, crawler tractor exports declined notably to $X in 2021. In general, exports faced a dramatic slump. The growth pace was the most rapid in 2019 with an increase of 112% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam was the largest exporting country with an export of around X units, which finished at 44% of total exports. Singapore (X units) took the second position in the ranking, followed by Thailand (X units), Malaysia (X units), Lao People's Democratic Republic (X units) and Indonesia (X units). All these countries together took approx. 56% share of total exports.

Vietnam was also the fastest-growing in terms of the crawler tractors exports, with a CAGR of +11.8% from 2012 to 2021. At the same time, Malaysia (+11.5%), Indonesia (+8.0%) and Lao People's Democratic Republic (+5.8%) displayed positive paces of growth. By contrast, Thailand (-32.7%) and Singapore (-38.4%) illustrated a downward trend over the same period. Vietnam (+43 p.p.), Malaysia (+12 p.p.), Lao People's Democratic Republic (+7.1 p.p.) and Indonesia (+5.7 p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Singapore saw its share reduced by -13.8% and -53.7% from 2012 to 2021, respectively.

In value terms, Singapore ($X) remains the largest crawler tractor supplier in ASEAN, comprising 50% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 24% share of total exports. It was followed by Malaysia, with a 16% share.

From 2012 to 2021, the average annual growth rate of value in Singapore amounted to -34.9%. In the other countries, the average annual rates were as follows: Lao People's Democratic Republic (+7.4% per year) and Malaysia (+11.2% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, waning by -13.1% against the previous year. In general, the export price showed a deep setback. The pace of growth appeared the most rapid in 2018 an increase of 40% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+13.5%), while the other leaders experienced more modest paces of growth.

Crawler Tractor Imports

Imports in ASEAN

In 2021, purchases abroad of crawler tractors was finally on the rise to reach X units after two years of decline. In general, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 166% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, crawler tractor imports surged to $X in 2021. Overall, imports, however, showed a drastic downturn. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia represented the key importing country with an import of around X units, which amounted to 50% of total imports. Thailand (X units) ranks second in terms of the total imports with a 27% share, followed by the Philippines (6.2%). The following importers - Brunei Darussalam (X units), Singapore (X units), Vietnam (X units) and Malaysia (X units) - together made up 14% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Indonesia (with a CAGR of +22.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Indonesia ($X) constitutes the largest market for imported crawler tractors in ASEAN, comprising 74% of total imports. The second position in the ranking was held by Singapore ($X), with a 20% share of total imports. It was followed by Vietnam, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value in Indonesia amounted to +24.0%. In the other countries, the average annual rates were as follows: Singapore (-30.9% per year) and Vietnam (-16.1% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2021, jumping by 26% against the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 an increase of 187%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+14.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform