Asia-Pacific: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Asia-Pacific

In 2021, the Asia-Pacific self-propelled bulldozer market was finally on the rise to reach $X after five years of decline. Overall, consumption recorded a pronounced descent. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Self-Propelled Bulldozer Production in Asia-Pacific

In value terms, self-propelled bulldozer production stood at $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 5.7%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Self-Propelled Bulldozer Exports

Exports in Asia-Pacific

In 2021, self-propelled bulldozer exports in Asia-Pacific soared to X units, with an increase of 53% on 2020 figures. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +55.7% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled bulldozer exports soared to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India was the major exporting country with an export of around X units, which finished at 39% of total exports. Australia (X units) took an 18% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (15%), Singapore (14%) and China (10%).

India was also the fastest-growing in terms of the self-propelled bulldozers and excavators exports, with a CAGR of +19.3% from 2012 to 2021. At the same time, Australia (+15.7%) and South Korea (+3.2%) displayed positive paces of growth. China and Singapore experienced a relatively flat trend pattern. India (+24 p.p.) and Australia (+9 p.p.) significantly strengthened its position in terms of the total exports, while South Korea, China and Singapore saw its share reduced by -6%, -7.6% and -14.1% from 2012 to 2021, respectively.

In value terms, India ($X), South Korea ($X) and China ($X) constituted the countries with the highest levels of exports in 2021, with a combined 85% share of total exports.

Among the main exporting countries, India, with a CAGR of +19.8%, recorded the highest growth rate of 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 2021, approximately mirroring the previous year. In general, the export price, however, showed a abrupt setback. The pace of growth was the most pronounced in 2017 when the export price increased by 37% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Australia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.4%), while the other leaders experienced a decline in the export price figures.

Self-Propelled Bulldozer Imports

Imports in Asia-Pacific

In 2021, after three years of decline, there was significant growth in purchases abroad of self-propelled bulldozers and excavators, when their volume increased by 25% to X units. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 37%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, self-propelled bulldozer imports surged to $X in 2021. In general, imports, however, continue to indicate a perceptible contraction. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Philippines (X units) and India (X units) represented the largest importers of self-propelled bulldozers and excavators in Asia-Pacific, together reaching near 36% of total imports. Vietnam (X units) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (9.9%), Pakistan (7.2%) and Singapore (5.7%). Malaysia (X units), Bangladesh (X units), Taiwan (Chinese) (X units), Myanmar (X units), Thailand (X units), New Zealand (X units) and Cambodia (X units) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +41.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported self-propelled bulldozers and excavators in Asia-Pacific, comprising 22% of total imports. The second position in the ranking was taken by Singapore ($X), with a 9.6% share of total imports. It was followed by Pakistan, with an 8.2% share.

In Vietnam, self-propelled bulldozer imports expanded at an average annual rate of +43.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (-13.2% per year) and Pakistan (+9.2% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, growing by 4.4% against the previous year. Overall, the import price, however, saw a pronounced decline. The growth pace was the most rapid in 2019 when the import price increased by 12%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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