Asia: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Asia

In 2021, after two years of decline, there was growth in the Asian self-propelled bulldozer market, when its value increased by 2.1% to $X. Overall, consumption, however, saw a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Self-Propelled Bulldozer Production in Asia

In value terms, self-propelled bulldozer production stood at $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 7.2%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Self-Propelled Bulldozer Exports

Exports in Asia

In 2021, shipments abroad of self-propelled bulldozers and excavators was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 53% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, self-propelled bulldozer exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern 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

India represented the main exporting country with an export of about X units, which finished at 41% of total exports. South Korea (X units) ranks second in terms of the total exports with a 16% share, followed by Singapore (15%), Turkey (12%) and China (11%).

India was also the fastest-growing in terms of the self-propelled bulldozers and excavators exports, with a CAGR of +19.3% from 2012 to 2021. At the same time, Turkey (+13.7%) and South Korea (+3.2%) displayed positive paces of growth. China and Singapore experienced a relatively flat trend pattern. While the share of India (+27 p.p.) and Turkey (+5.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-4.7 p.p.), China (-6.6 p.p.) and Singapore (-12.7 p.p.) displayed negative dynamics.

In value terms, India ($X), South Korea ($X) and Turkey ($X) were the countries with the highest levels of exports in 2021, together accounting for 80% of total exports.

Among the main exporting countries, India, with a CAGR of +19.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, rising by 20% against the previous year. Over the period under review, the export price, however, recorded a perceptible shrinkage. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.4%), while the other leaders experienced mixed trends in the export price figures.

Self-Propelled Bulldozer Imports

Imports in Asia

In 2021, purchases abroad of self-propelled bulldozers and excavators was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2014 with an increase of 35% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, self-propelled bulldozer imports soared to $X in 2021. Over the period under review, imports, however, showed a abrupt descent. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Philippines (X units) and India (X units) were the main importers of self-propelled bulldozers and excavators in Asia, together creating 31% of total imports. It was distantly followed by Vietnam (X units), Nepal (X units), Saudi Arabia (X units), Pakistan (X units) and Singapore (X units), together making up a 35% share of total imports. The following importers - Malaysia (X units), Bangladesh (X units), the United Arab Emirates (X units), Taiwan (Chinese) (X units), Myanmar (X units) and Turkey (X units) - together made up 18% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +41.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported self-propelled bulldozers and excavators in Asia, comprising 18% of total imports. The second position in the ranking was held by Singapore ($X), with a 7.7% share of total imports. It was followed by Pakistan, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam stood at +43.8%. In the other countries, the average annual rates were as follows: Singapore (-13.2% per year) and Pakistan (+9.2% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, with a decrease of -2.9% against the previous year. Over the period under review, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2019 when the import price increased by 19%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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