Asia-Pacific: Wheeled Dozer Market 2024

Wheeled Dozer Market Size in Asia-Pacific

In 2022, the Asia-Pacific wheeled dozer market increased by 5.3% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed measured growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Wheeled Dozer Production in Asia-Pacific

In value terms, wheeled dozer production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 38% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Wheeled Dozer Exports

Exports in Asia-Pacific

In 2022, approx. X units of wheeled dozers were exported in Asia-Pacific; which is down by -65.2% compared with 2021 figures. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 525% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wheeled dozer exports dropped significantly to $X in 2022. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 74% 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 stood at a somewhat lower figure.

Exports by Country

Myanmar represented the largest exporter of wheeled dozers in Asia-Pacific, with the volume of exports resulting at X units, which was near 55% of total exports in 2022. Japan (X units) took an 18% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (8.4%) and China (7.7%). Malaysia (X units) followed a long way behind the leaders.

Myanmar was also the fastest-growing in terms of the wheeled dozers exports, with a CAGR of +79.1% from 2012 to 2022. China (-7.9%), Japan (-10.9%), Malaysia (-21.2%) and Singapore (-26.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar and China increased by +54 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest wheeled dozer supplier in Asia-Pacific, comprising 40% of total exports. The second position in the ranking was taken by China ($X), with an 18% share of total exports. It was followed by Singapore, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at -11.0%. In the other countries, the average annual rates were as follows: China (-2.5% per year) and Singapore (-19.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, with an increase of 91% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 China ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.1%), while the other leaders experienced more modest paces of growth.

Wheeled Dozer Imports

Imports in Asia-Pacific

In 2022, purchases abroad of wheeled dozers increased by 18% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by 218% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, wheeled dozer imports reached $X in 2022. In general, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 112% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Philippines (X units) and India (X units) represented the major importers of wheeled dozers in 2022, amounting to approx. 23% and 21% of total imports, respectively. It was distantly followed by Thailand (X units), Papua New Guinea (X units), Myanmar (X units), Pakistan (X units) and Indonesia (X units), together creating a 32% share of total imports. The following importers - Singapore (X units), Cambodia (X units), New Zealand (X units) and Vietnam (X units) - together made up 12% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +18.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported wheeled dozers in Asia-Pacific, comprising 39% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 10% share of total imports. It was followed by Papua New Guinea, with a 5.4% share.

In India, wheeled dozer imports increased at an average annual rate of +14.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (-2.3% per year) and Papua New Guinea (-5.3% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, dropping by -6% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 618% against the previous year. The level of import peaked at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per unit), while Thailand ($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 (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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