Asia-Pacific: Market for Snow-Ploughs And Snow-Blowers 2024

Market Size for Snow-Ploughs And Snow-Blowers in Asia-Pacific

The Asia-Pacific snow ploughs and blowers market contracted modestly to $X in 2022, falling by -2.9% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Snow-Ploughs And Snow-Blowers in Asia-Pacific

In value terms, snow ploughs and blowers production dropped slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 44%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Snow-Ploughs And Snow-Blowers

Exports in Asia-Pacific

Snow ploughs and blowers exports expanded slightly to X units in 2022, picking up by 3.2% compared with 2021 figures. Over the period under review, exports posted strong growth. The pace of growth appeared the most rapid in 2019 when exports increased by 73%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, snow ploughs and blowers exports rose remarkably to $X in 2022. In general, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 39%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

China prevails in exports structure, amounting to X units, which was near 95% of total exports in 2022. Vietnam (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +9.3% from 2012 to 2022. At the same time, Vietnam (+47.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +47.6% from 2012-2022. While the share of Vietnam (+3.8 p.p.) and China (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest snow ploughs and blowers supplier in Asia-Pacific, comprising 88% of total exports. The second position in the ranking was held by Vietnam ($X), with a 3.2% share of total exports.

In China, snow ploughs and blowers exports expanded at an average annual rate of +10.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, rising by 7.9% against the previous year. In general, the export price, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2020 an increase of 27%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while Vietnam amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.9%).

Imports of Snow-Ploughs And Snow-Blowers

Imports in Asia-Pacific

In 2022, purchases abroad of snow-ploughs and snow-blowers increased by 101% to X units, rising for the second year in a row after two years of decline. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 113% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, snow ploughs and blowers imports fell slightly to $X in 2022. Overall, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 59% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Japan dominates imports structure, amounting to X units, which was near 84% of total imports in 2022. It was distantly followed by South Korea (X units), generating an 8.4% share of total imports. India (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to snow ploughs and blowers imports into Japan stood at +6.3%. At the same time, India (+63.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +63.9% from 2012-2022. By contrast, South Korea (-2.8%) illustrated a downward trend over the same period. Japan (+39 p.p.) and India (+3.2 p.p.) significantly strengthened its position in terms of the total imports, while South Korea saw its share reduced by -2.6% from 2012 to 2022, respectively.

In value terms, the largest snow ploughs and blowers importing markets in Asia-Pacific were Japan ($X), India ($X) and South Korea ($X), with a combined 79% share of total imports.

In terms of the main importing countries, India, with a CAGR of +83.4%, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, reducing by -51.4% against the previous year. Over the period under review, the import price showed a deep reduction. The pace of growth appeared the most rapid in 2019 when the import price increased by 89% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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