Asia: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Asia

The Asian pedestrian-controlled tractor market was estimated at $X in 2022, increasing by 2.4% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.8% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Pedestrian-Controlled Tractor Production in Asia

In value terms, pedestrian-controlled tractor production expanded modestly to $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.0% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 22% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Pedestrian-Controlled Tractor Exports

Exports in Asia

After three years of growth, shipments abroad of pedestrian-controlled tractors decreased by -2.6% to X units in 2022. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 58% against the previous year. The volume of export peaked at X units in 2021, and then contracted in the following year.

In value terms, pedestrian-controlled tractor exports contracted modestly to $X in 2022. Overall, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 26% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the two major exporters of pedestrian-controlled tractors, namely Thailand and China, represented more than two-thirds of total export.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +23.4%).

In value terms, China ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2022.

Thailand, with a CAGR of -0.7%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, waning by -1.9% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the export price increased by 14%. As a result, the export price reached the peak level of $X per unit. From 2014 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 Thailand totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-14.8%).

Pedestrian-Controlled Tractor Imports

Imports in Asia

In 2022, approx. X units of pedestrian-controlled tractors were imported in Asia; picking up by 7.9% against the year before. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 76%. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, pedestrian-controlled tractor imports dropped rapidly to $X in 2022. Overall, imports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2014 with an increase of 49%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Bangladesh was the largest importer of pedestrian-controlled tractors in Asia, with the volume of imports amounting to X units, which was near 42% of total imports in 2022. Cambodia (X units) took the second position in the ranking, distantly followed by Lao People's Democratic Republic (X units) and Myanmar (X units). All these countries together took near 39% share of total imports. The following importers - Vietnam (X units), Nepal (X units) and Turkey (X units) - each recorded a 7.1% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lao People's Democratic Republic (with a CAGR of +36.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) constitutes the largest market for imported pedestrian-controlled tractors in Asia, comprising 33% of total imports. The second position in the ranking was held by Cambodia ($X), with a 15% share of total imports. It was followed by Myanmar, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value in Bangladesh was relatively modest. In the other countries, the average annual rates were as follows: Cambodia (-4.7% per year) and Myanmar (+5.5% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, shrinking by -22.9% against the previous year. Overall, the import price faced a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 7.2%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :