ASEAN: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in ASEAN

The ASEAN pedestrian-controlled tractor market totaled $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Pedestrian-Controlled Tractor Production in ASEAN

In value terms, pedestrian-controlled tractor production amounted to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 55% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Pedestrian-Controlled Tractor Exports

Exports in ASEAN

In 2022, overseas shipments of pedestrian-controlled tractors decreased by -26% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 97% against the previous year. The volume of export peaked at X units in 2021, and then contracted rapidly in the following year.

In value terms, pedestrian-controlled tractor exports fell to $X in 2022. Overall, exports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 80%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand dominates exports structure, resulting at X units, which was near 97% of total exports in 2022. Indonesia (X units) took a minor share of total exports.

Exports from Thailand increased at an average annual rate of +23.4% from 2012 to 2022. At the same time, Indonesia (+25.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +25.1% from 2012-2022. While the share of Thailand (+16 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest pedestrian-controlled tractor supplier in ASEAN, comprising 92% of total exports. The second position in the ranking was held by Indonesia ($X), with a 2.5% share of total exports.

In Thailand, pedestrian-controlled tractor exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, surging by 28% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Thailand amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-7.2%).

Pedestrian-Controlled Tractor Imports

Imports in ASEAN

In 2022, overseas purchases of pedestrian-controlled tractors decreased by -7.3% to X units, falling for the second year in a row after two years of growth. Overall, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 124%. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, pedestrian-controlled tractor imports declined sharply to $X in 2022. In general, imports continue to indicate a slight shrinkage. The growth pace was the most rapid in 2014 with an increase of 87%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Cambodia represented the largest importing country with an import of around X units, which recorded 60% of total imports. It was distantly followed by Lao People's Democratic Republic (X units), Myanmar (X units) and Vietnam (X units), together committing a 35% share of total imports. Thailand (X units) held a minor share of total imports.

Imports into Cambodia increased at an average annual rate of +11.3% from 2012 to 2022. At the same time, Lao People's Democratic Republic (+36.4%), Vietnam (+17.1%), Thailand (+15.2%) and Myanmar (+4.1%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +36.4% from 2012-2022. Lao People's Democratic Republic (+17 p.p.), Cambodia (+16 p.p.) and Vietnam (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Myanmar saw its share reduced by -4.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pedestrian-controlled tractor importing markets in ASEAN were Cambodia ($X), Myanmar ($X) and Lao People's Democratic Republic ($X), together comprising 84% of total imports.

Lao People's Democratic Republic, with a CAGR of +27.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, waning by -13.5% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 when the import price increased by 31%. The level of import peaked at $X per unit in 2013; however, from 2014 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 Myanmar ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform