Asia: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Asia

The Asian off-highway dumper market dropped dramatically to $X in 2021, with a decrease of -30.6% against the previous year. Overall, consumption continues to indicate a pronounced curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Off-Highway Dumper Production in Asia

In value terms, off-highway dumper production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 15%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Off-Highway Dumper Exports

Exports in Asia

In 2021, off-highway dumper exports in Asia skyrocketed to X units, picking up by 63% on the previous year's figure. In general, exports, however, continue to indicate a pronounced shrinkage. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, off-highway dumper exports soared to $X in 2021. Over the period under review, exports, however, showed a noticeable shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X units) and Japan (X units) were the main exporters of dumpers for off-highway use in Asia, together making up 77% of total exports. India (X units) ranks next in terms of the total exports with an 11% share, followed by South Korea (8%).

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +5.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Japan ($X), China ($X) and India ($X) were the countries with the highest levels of exports in 2021, together comprising 91% of total exports.

Among the main exporting countries, China, with a CAGR of +2.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, jumping by 23% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.9%), while the other leaders experienced mixed trends in the export price figures.

Off-Highway Dumper Imports

Imports in Asia

In 2021, overseas purchases of dumpers for off-highway use were finally on the rise to reach X units after three years of decline. In general, imports, however, continue to indicate a abrupt descent. 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, showed a abrupt decrease. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X units), distantly followed by Uzbekistan (X units), Mongolia (X units), Kazakhstan (X units), the United Arab Emirates (X units) and India (X units) were the main importers of dumpers for off-highway use, together achieving 61% of total imports. Japan (X units), Lao People's Democratic Republic (X units), the Philippines (X units), Malaysia (X units), Jordan (X units), Iraq (X units) and Vietnam (X units) held a minor share of total imports.

Imports into Indonesia decreased at an average annual rate of -8.8% from 2012 to 2021. At the same time, India (+17.7%), Uzbekistan (+14.9%), Iraq (+11.3%), Kazakhstan (+6.5%), Lao People's Democratic Republic (+4.0%) and Malaysia (+3.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of +17.7% from 2012-2021. Mongolia, the United Arab Emirates, Vietnam and Japan experienced a relatively flat trend pattern. By contrast, the Philippines (-10.7%) and Jordan (-11.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan, India, Kazakhstan, Mongolia, the United Arab Emirates, Lao People's Democratic Republic, Iraq, Malaysia and Japan increased by +10, +4.6, +4.6, +4.5, +2.9, +2.4, +2.1, +1.9 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported dumpers for off-highway use in Asia, comprising 31% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 10% share of total imports. It was followed by Kazakhstan, with a 6.8% share.

In Indonesia, off-highway dumper imports decreased by an average annual rate of -11.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+15.8% per year) and Kazakhstan (+2.4% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, increasing by 7.8% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 24% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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