ASEAN: Wheeled Dozer Market 2024

Wheeled Dozer Market Size in ASEAN

The ASEAN wheeled dozer market declined to $X in 2022, falling by -5.5% against the previous year. Overall, consumption saw perceptible growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Wheeled Dozer Production in ASEAN

In value terms, wheeled dozer production dropped to $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 -34.0% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by 52%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Wheeled Dozer Exports

Exports in ASEAN

In 2022, the amount of wheeled dozers exported in ASEAN reduced sharply to X units, dropping by -70.9% on the previous year. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 1,479% against the previous year. As a result, the exports attained the peak of X units, and then dropped sharply in the following year.

In value terms, wheeled dozer exports dropped notably to $X in 2022. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 140%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Myanmar (X units) was the main exporter of wheeled dozers, constituting 82% of total exports. It was distantly followed by Singapore (X units), generating a 13% share of total exports. Malaysia (X units) took a relatively small share of total exports.

Myanmar was also the fastest-growing in terms of the wheeled dozers exports, with a CAGR of +79.1% from 2012 to 2022. Malaysia (-21.2%) and Singapore (-26.8%) illustrated a downward trend over the same period. While the share of Myanmar (+82 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-6.1 p.p.) and Singapore (-72.4 p.p.) displayed negative dynamics.

In value terms, the largest wheeled dozer supplying countries in ASEAN were Singapore ($X), Myanmar ($X) and Malaysia ($X), together comprising 70% of total exports.

Myanmar, with a CAGR of +78.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, growing by 139% against the previous year. In general, the export price, however, saw a noticeable curtailment. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.1%), while the other leaders experienced mixed trends in the export price figures.

Wheeled Dozer Imports

Imports in ASEAN

In 2022, overseas purchases of wheeled dozers increased by 20% to X units, rising for the second year in a row after two years of decline. In general, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by 330% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, wheeled dozer imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 215% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The Philippines was the main importing country with an import of about X units, which recorded 42% of total imports. It was distantly followed by Thailand (X units), Myanmar (X units), Indonesia (X units), Singapore (X units) and Cambodia (X units), together creating a 51% share of total imports. Vietnam (X units) held a relatively small share of total imports.

Imports into the Philippines decreased at an average annual rate of -2.0% from 2012 to 2022. At the same time, Thailand (+11.4%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +11.4% from 2012-2022. By contrast, Vietnam (-2.4%), Cambodia (-6.1%), Myanmar (-10.7%), Singapore (-15.4%) and Indonesia (-22.2%) illustrated a downward trend over the same period. While the share of the Philippines (+24 p.p.), Thailand (+16 p.p.), Vietnam (+2.3 p.p.) and Cambodia (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (-6.3 p.p.) and Indonesia (-30.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported wheeled dozers in ASEAN, comprising 45% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 21% share of total imports. It was followed by Cambodia, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value in the Philippines amounted to -2.3%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (-20.6% per year) and Cambodia (-9.4% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, reducing by -3.8% against the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 when the import price increased by 636%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform