Asia-Pacific: Bulldozer Market 2024

Bulldozer Market Size in Asia-Pacific

The Asia-Pacific bulldozer market skyrocketed to $X in 2022, with an increase of 16% against the previous year. In general, consumption, however, continues to indicate a mild downturn. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Bulldozer Production in Asia-Pacific

In value terms, bulldozer production fell slightly to $X in 2022 estimated in export price. Overall, production showed a slight reduction. The pace of growth was the most pronounced in 2016 when the production volume increased by 17% against the previous year. 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-Pacific

In 2022, approx. X units of bulldozers and angle dozers were exported in Asia-Pacific; dropping by -11% compared with 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 120% against the previous year. As a result, the exports reached the peak of X units, and then fell in the following year.

In value terms, bulldozer exports skyrocketed to $X in 2022. In general, exports, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 92%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Japan represented the main exporting country with an export of about X units, which resulted at 53% of total exports. It was distantly followed by China (X units) and Thailand (X units), together mixing up a 37% share of total exports. Myanmar (X units) and Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key 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, the largest bulldozer supplying countries in Asia-Pacific were Japan ($X), China ($X) and Thailand ($X), together comprising 97% of total exports. Singapore and Myanmar lagged somewhat behind, together accounting for a further 0.6%.

In terms of the main exporting countries, Myanmar, with a CAGR of +78.0%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, picking up by 38% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 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-Pacific

In 2022, purchases abroad of bulldozers and angle dozers increased by 44% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 131% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, bulldozer imports soared to $X in 2022. In general, imports, however, continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2017 with an increase of 72% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X units) represented the major importer of bulldozers and angle dozers, achieving 42% of total imports. Australia (X units) held the second position in the ranking, followed by the Philippines (X units), Japan (X units) and India (X units). All these countries together took approx. 34% share of total imports. Papua New Guinea (X units), Thailand (X units), Pakistan (X units), Cambodia (X units), Vietnam (X units) and New Zealand (X units) followed a long way behind the leaders.

Imports into Indonesia increased at an average annual rate of +1.2% from 2012 to 2022. At the same time, Japan (+21.1%), India (+10.7%), Thailand (+10.3%), New Zealand (+8.8%), Papua New Guinea (+4.9%), 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-Pacific, with a CAGR of +21.1% from 2012-2022. By contrast, Vietnam (-1.6%) and Australia (-4.2%) illustrated a downward trend over the same period. While the share of Indonesia (+6 p.p.), Japan (+4.8 p.p.), India (+3.2 p.p.), the Philippines (+3 p.p.) and Thailand (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-5.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bulldozer importing markets in Asia-Pacific were Indonesia ($X), Australia ($X) and Japan ($X), with a combined 76% share of total imports.

Among the main importing countries, Japan, with a CAGR of +22.8%, recorded the highest growth rate of 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, surging by 5.1% against the previous year. In general, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2019 an increase of 257%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Australia ($X per unit), while Thailand ($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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