Asia-Pacific: Wheeled Loader Market 2024

Wheeled Loader Market Size in Asia-Pacific

The Asia-Pacific wheeled loader market dropped notably to $X in 2021, which is down by -58.6% against the previous year. Over the period under review, consumption showed a pronounced decrease. As a result, consumption reached the peak level of $X, and then shrank dramatically in the following year.

Wheeled Loader Production in Asia-Pacific

In value terms, wheeled loader production rose modestly to $X in 2021 estimated in export price. In general, production, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 28%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Wheeled Loader Exports

Exports in Asia-Pacific

In 2021, exports of wheeled loaders, crawler shovel loaders, front-end loaders in Asia-Pacific skyrocketed to X units, jumping by 32% against the year before. Total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 69% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, wheeled loader exports surged to $X in 2021. Total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporter of wheeled loaders, crawler shovel loaders, front-end loaders in Asia-Pacific, with the volume of exports accounting for X units, which was near 54% of total exports in 2021. Japan (X units) ranks second in terms of the total exports with a 34% share, followed by South Korea (5.7%). The following exporters - India (X units) and Australia (X units) - each resulted at a 5.4% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by India (with a CAGR of +31.2%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of exports in 2021, together comprising 94% of total exports. These countries were followed by India and Australia, which together accounted for a further 2.2%.

India, with a CAGR of +21.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, with an increase of 7.6% against the previous year. Overall, the export price, however, continues to indicate a slight downturn. The pace of growth was the most pronounced in 2016 an increase of 33%. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 Australia (+11.9%), while the other leaders experienced mixed trends in the export price figures.

Wheeled Loader Imports

Imports in Asia-Pacific

In 2021, after four years of growth, there was significant decline in purchases abroad of wheeled loaders, crawler shovel loaders, front-end loaders, when their volume decreased by -51.9% to X units. In general, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 129%. As a result, imports reached the peak of X units, and then declined notably in the following year.

In value terms, wheeled loader imports soared to $X in 2021. Total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia (X units) and the Philippines (X units) represented roughly 46% of total imports in 2021. Thailand (X units) took an 8.9% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (6.6%), Japan (5.7%) and New Zealand (4.5%). India (X units), South Korea (X units), Vietnam (X units), Sri Lanka (X units), Taiwan (Chinese) (X units), Malaysia (X units) and China (X units) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +31.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported wheeled loaders, crawler shovel loaders, front-end loaders in Asia-Pacific, comprising 44% of total imports. The second position in the ranking was held by Indonesia ($X), with a 7.9% share of total imports. It was followed by Japan, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value in Australia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (-1.8% per year) and Japan (+13.4% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, increasing by 185% against the previous year. Overall, the import price, however, showed a noticeable decrease. Over the period under review, import prices attained 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 Australia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+11.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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