ASEAN: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in ASEAN

The ASEAN off-highway dumper market was finally on the rise to reach $X in 2021, after four years of decline. Over the period under review, consumption, however, saw a abrupt downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Off-Highway Dumper Production in ASEAN

In value terms, off-highway dumper production soared to $X in 2021 estimated in export price. Over the period under review, production saw a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 762%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Off-Highway Dumper Exports

Exports in ASEAN

In 2021, off-highway dumper exports in ASEAN declined notably to X units, shrinking by -42.3% against the previous year's figure. Over the period under review, exports saw a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of 69%. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, off-highway dumper exports skyrocketed to $X in 2021. Overall, exports saw a abrupt decline. The pace of growth was the most pronounced in 2017 when exports increased by 41% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units) and Singapore (X units) represented roughly 80% of total exports in 2021. Thailand (X units) took the next position in the ranking, distantly followed by Malaysia (X units). All these countries together took approx. 18% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia (with a CAGR of -1.4%), while the other leaders experienced a decline in the exports figures.

In value terms, Thailand ($X) emerged as the largest off-highway dumper supplier in ASEAN, comprising 60% of total exports. The second position in the ranking was taken by Singapore ($X), with a 19% share of total exports. It was followed by Indonesia, with a 16% share.

In Thailand, off-highway dumper exports expanded at an average annual rate of +10.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-17.1% per year) and Indonesia (-12.4% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, increasing by 126% against the previous year. Overall, the export price recorded a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Thailand ($X per unit), while Indonesia ($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 (+28.4%), while the other leaders experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports in ASEAN

After three years of decline, purchases abroad of dumpers for off-highway use increased by 55% to X units in 2021. In general, imports, however, recorded a deep setback. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, off-highway dumper imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a abrupt decline. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia prevails in imports structure, finishing at X units, which was near 57% of total imports in 2021. Lao People's Democratic Republic (X units) took the second position in the ranking, followed by the Philippines (X units), Malaysia (X units), Vietnam (X units) and Myanmar (X units). All these countries together held near 36% share of total imports. Thailand (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to off-highway dumper imports into Indonesia stood at -8.8%. At the same time, Lao People's Democratic Republic (+4.0%) and Malaysia (+3.2%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +4.0% from 2012-2021. Vietnam experienced a relatively flat trend pattern. By contrast, the Philippines (-10.7%), Thailand (-17.8%) and Myanmar (-25.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia, Lao People's Democratic Republic, Malaysia and Vietnam increased by +10, +7.2, +5.7 and +3.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported dumpers for off-highway use in ASEAN, comprising 68% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 7.2% share of total imports. It was followed by Malaysia, with a 7% share.

From 2012 to 2021, the average annual growth rate of value in Indonesia totaled -11.3%. In the other countries, the average annual rates were as follows: the Philippines (-7.1% per year) and Malaysia (+1.0% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, jumping by 32% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform