Asia: Bulldozer Market 2024

Bulldozer Market Size in Asia

The Asian bulldozer market contracted notably to $X in 2022, dropping by -29.8% against the previous year. Overall, consumption saw a slight decrease. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Bulldozer Production in Asia

In value terms, bulldozer production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a mild reduction. The pace of growth was the most pronounced in 2016 when the production volume increased by 17%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Bulldozer Exports

Exports in Asia

In 2022, bulldozer exports in Asia declined to X units, shrinking by -9.8% against the year before. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 111% against the previous year. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, bulldozer exports surged to $X in 2022. Total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +133.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 91% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Japan represented the largest exporting country with an export of around X units, which recorded 50% of total exports. It was distantly followed by China (X units) and Thailand (X units), together achieving a 35% share of total exports. The following exporters - Oman (X units), Myanmar (X units) and Singapore (X units) - each amounted to a 9.3% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Myanmar (with a CAGR of +72.1%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Thailand ($X) were the countries with the highest levels of exports in 2022, together accounting for 95% of total exports. Singapore, Oman and Myanmar lagged somewhat behind, together accounting for a further 0.9%.

Myanmar, with a CAGR of +78.0%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, jumping by 35% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.5%), while the other leaders experienced more modest paces of growth.

Bulldozer Imports

Imports in Asia

In 2022, approx. X units of bulldozers and angle dozers were imported in Asia; waning by -54.7% on the previous year. Over the period under review, imports showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 229% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, bulldozer imports surged to $X in 2022. In general, imports continue to indicate a perceptible downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia represented the major importer of bulldozers and angle dozers in Asia, with the volume of imports resulting at X units, which was near 36% of total imports in 2022. The Philippines (X units) took the second position in the ranking, followed by the United Arab Emirates (X units), Saudi Arabia (X units) and Japan (X units). All these countries together took near 29% share of total imports. India (X units), Kazakhstan (X units), Thailand (X units), Pakistan (X units), Cambodia (X units), Yemen (X units) and Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to bulldozer imports into Indonesia stood at +1.2%. At the same time, Japan (+21.1%), Yemen (+11.6%), India (+10.7%), Thailand (+10.3%), Pakistan (+4.1%), Cambodia (+3.9%) and the Philippines (+2.9%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Asia, with a CAGR of +21.1% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Vietnam (-1.6%), Kazakhstan (-2.0%) and Saudi Arabia (-16.1%) illustrated a downward trend over the same period. Indonesia (+14 p.p.), the Philippines (+4.7 p.p.), Japan (+4.3 p.p.), India (+3.1 p.p.), the United Arab Emirates (+2.7 p.p.) and Thailand (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia saw its share reduced by -16.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported bulldozers and angle dozers in Asia, comprising 42% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 6.9% share of total imports. It was followed by Saudi Arabia, with a 6.8% share.

In Indonesia, bulldozer imports expanded at an average annual rate of +1.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-3.2% per year) and Saudi Arabia (-15.7% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, surging by 225% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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