Asia: Scrapers Excavator Market 2024

Scrapers Excavator Market Size in Asia

The Asian scrapers excavator market fell to $X in 2022, with a decrease of -8% against the previous year. In general, consumption continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 when the market value increased by 7% against the previous year. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Scrapers Excavator Production in Asia

In value terms, scrapers excavator production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when the production volume increased by 8.5% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Scrapers Excavator Exports

Exports in Asia

In 2022, scrapers excavator exports in Asia surged to X units, increasing by 43% on the previous year. Over the period under review, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 70% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, scrapers excavator exports stood at $X in 2022. Overall, exports, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2021 with an increase of 31%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, amounting to X units, which was approx. 80% of total exports in 2022. It was distantly followed by South Korea (X units), constituting a 9.6% share of total exports. Turkey (X units), Japan (X units) and India (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +9.9% from 2012 to 2022. At the same time, South Korea (+15.8%) and Turkey (+9.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +15.8% from 2012-2022. By contrast, India (-4.8%) and Japan (-5.0%) illustrated a downward trend over the same period. China (+19 p.p.) and South Korea (+5.3 p.p.) significantly strengthened its position in terms of the total exports, while India and Japan saw its share reduced by -4.1% and -7.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest scrapers excavator supplier in Asia, comprising 54% of total exports. The second position in the ranking was held by South Korea ($X), with a 23% share of total exports. It was followed by Japan, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to -5.9%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+23.0% per year) and Japan (-2.7% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, waning by -25.7% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2020 when the export price increased by 24%. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 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 Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.2%), while the other leaders experienced more modest paces of growth.

Scrapers Excavator Imports

Imports in Asia

In 2022, purchases abroad of scrapers earth moving, excavating, extracting machinery (not self-propelled) increased by 13% to X units for the first time since 2016, thus ending a five-year declining trend. In general, imports, however, saw a abrupt decline. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, scrapers excavator imports shrank to $X in 2022. Overall, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 9.5% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X units), followed by Kazakhstan (X units), Malaysia (X units), Thailand (X units), Turkey (X units), Indonesia (X units), Oman (X units), the Philippines (X units) and the United Arab Emirates (X units) represented the largest importers of scrapers earth moving, excavating, extracting machinery (not self-propelled), together achieving 62% of total imports. Kuwait (X units), China (X units), Israel (X units) and Qatar (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +29.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest scrapers excavator importing markets in Asia were Malaysia ($X), China ($X) and Indonesia ($X), together comprising 29% of total imports. India, the Philippines, the United Arab Emirates, Turkey, Kazakhstan, Israel, Oman, Kuwait, Thailand and Qatar lagged somewhat behind, together accounting for a further 44%.

In terms of the main importing countries, the Philippines, with a CAGR of +11.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, shrinking by -18.1% against the previous year. In general, the import price recorded a pronounced slump. The pace of growth was the most pronounced in 2014 when the import price increased by 18%. As a result, import price reached the peak level of $X per unit. From 2015 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 China ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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