Asia-Pacific: Self-Propelled Excavating Machinery Market 2025

Self-Propelled Excavating Machinery Market Size in Asia-Pacific

In 2021, the Asia-Pacific self-propelled excavating machinery market increased by 22% to $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Self-Propelled Excavating Machinery Production in Asia-Pacific

In value terms, self-propelled excavating machinery production dropped to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +22.0% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 58%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Self-Propelled Excavating Machinery Exports

Exports in Asia-Pacific

In 2021, shipments abroad of self-propelled earth moving, excavating machinery decreased by -53% to X units for the first time since 2017, thus ending a three-year rising trend. In general, exports recorded a slight descent. The pace of growth appeared the most rapid in 2014 when exports increased by 295%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, self-propelled excavating machinery exports rose markedly to $X in 2021. Over the period under review, exports saw a deep downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 38% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the largest exporting country with an export of about X units, which amounted to 45% of total exports. China (X units) ranks second in terms of the total exports with a 29% share, followed by Australia (11%), India (6.6%) and Japan (6%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +80.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest self-propelled excavating machinery supplier in Asia-Pacific, comprising 82% of total exports. The second position in the ranking was taken by Japan ($X), with a 6.2% share of total exports. It was followed by Australia, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled -9.1%. In the other countries, the average annual rates were as follows: Japan (+12.8% per year) and Australia (-14.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, picking up by 145% against the previous year. In general, the export price, however, recorded a deep slump. The growth pace was the most rapid in 2017 when the export price increased by 1,225%. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 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 China ($X per unit), while Thailand ($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 (+21.8%), while the other leaders experienced mixed trends in the export price figures.

Self-Propelled Excavating Machinery Imports

Imports in Asia-Pacific

In 2021, imports of self-propelled earth moving, excavating machinery in Asia-Pacific soared to X units, picking up by 15% on 2020 figures. Overall, imports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 58%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, self-propelled excavating machinery imports fell to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable decrease. The growth pace was the most rapid in 2017 with an increase of 53%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Australia (X units) and Singapore (X units) were the main importers of self-propelled earth moving, excavating machinery in Asia-Pacific, together mixing up 61% of total imports. China (X units) took the next position in the ranking, followed by New Zealand (X units) and Thailand (X units). All these countries together took approx. 18% share of total imports. The following importers - Indonesia (X units), Afghanistan (X units), New Caledonia (X units) and Vietnam (X units) - together made up 11% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by New Caledonia (with a CAGR of +39.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported self-propelled earth moving, excavating machinery in Asia-Pacific, comprising 54% of total imports. The second position in the ranking was held by Australia ($X), with a 6.2% share of total imports. It was followed by Thailand, with a 4.7% share.

In China, self-propelled excavating machinery imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Australia (-8.9% per year) and Thailand (+12.8% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, falling by -24% against the previous year. Import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, self-propelled excavating machinery import price increased by +53.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by 102% against the previous year. As a result, import price reached the peak level of $X per unit, and then plummeted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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