Asia-Pacific: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in Asia-Pacific

In 2022, the Asia-Pacific construction equipment blade market was finally on the rise to reach $X after nine years of decline. Overall, consumption, however, saw a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Construction Equipment Blade Production in Asia-Pacific

In value terms, construction equipment blade production declined modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 30%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Construction Equipment Blade Exports

Exports in Asia-Pacific

Construction equipment blade exports totaled X units in 2022, growing by 11% against 2021. In general, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2017 when exports increased by 57% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, construction equipment blade exports soared to $X in 2022. Overall, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 34% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Australia (X units), Japan (X units), Singapore (X units) and China (X units) was the major exporter of blades for construction equipment in Asia-Pacific, mixing up 90% of total export. The following exporters - Indonesia (X units), Malaysia (X units) and South Korea (X units) - each reached a 6.3% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +5.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest construction equipment blade supplying countries in Asia-Pacific were China ($X), Australia ($X) and Japan ($X), together accounting for 69% of total exports.

Among the main exporting countries, China, with a CAGR of +8.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, surging by 13% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, construction equipment blade export price increased by +5.6% against 2016 indices. The pace of growth appeared the most rapid in 2016 when the export price increased by 53%. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the other leaders experienced mixed trends in the export price figures.

Construction Equipment Blade Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of blades for construction equipment increased by 64% to X units, rising for the second year in a row after six years of decline. In general, imports, however, showed a abrupt decrease. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, construction equipment blade imports soared to $X in 2022. Over the period under review, imports, however, recorded a deep setback. 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

In 2022, Indonesia (X units) and Australia (X units) were the major importers of blades for construction equipment in Asia-Pacific, together resulting at near 60% of total imports. Singapore (X units) took the next position in the ranking, distantly followed by Thailand (X units). All these countries together took near 19% share of total imports. The Philippines (X units), Myanmar (X units), Malaysia (X units), Taiwan (Chinese) (X units), New Zealand (X units) and Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +18.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Australia ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 82% share of total imports. The Philippines, Thailand, Myanmar, Malaysia, New Zealand, Cambodia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 12%.

Among the main importing countries, Cambodia, with a CAGR of +12.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, rising by 17% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, construction equipment blade import price increased by +23.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 36% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady 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 Indonesia ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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