Asia: Self-Propelled Excavating Machinery Market 2025

Self-Propelled Excavating Machinery Market Size in Asia

After two years of decline, the Asian self-propelled excavating machinery market increased by 2.4% to $X in 2021. In general, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the market value increased by 9.8%. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Self-Propelled Excavating Machinery Production in Asia

In value terms, self-propelled excavating machinery production contracted to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 41%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports in Asia

After three years of growth, overseas shipments of self-propelled earth moving, excavating machinery decreased by -46% to X units in 2021. Overall, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 with an increase of 130%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, self-propelled excavating machinery exports expanded remarkably to $X in 2021. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the largest exporter of self-propelled earth moving, excavating machinery in Asia, with the volume of exports finishing at X units, which was near 50% of total exports in 2021. China (X units) held a 33% share (based on physical terms) of total exports, which put it in second place, followed by India (7.3%) and Japan (6.6%).

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +80.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X) remains the largest self-propelled excavating machinery supplier in Asia, comprising 85% of total exports. The second position in the ranking was taken by Japan ($X), with a 6.5% share of total exports. It was followed by India, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at -9.1%. In the other countries, the average annual rates were as follows: Japan (+12.8% per year) and India (+3.9% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, increasing by 110% against the previous year. In general, the export price, however, recorded a deep contraction. The growth pace was the most rapid in 2017 when the export price increased by 1,412% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Thailand ($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 (+21.8%), while the other leaders experienced mixed trends in the export price figures.

Self-Propelled Excavating Machinery Imports

Imports in Asia

In 2021, overseas purchases of self-propelled earth moving, excavating machinery decreased by -24.3% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by 50% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, self-propelled excavating machinery imports dropped rapidly to $X in 2021. Overall, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 39% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Singapore represented the key importing country with an import of about X units, which accounted for 38% of total imports. It was distantly followed by China (X units), Thailand (X units), Kazakhstan (X units), Qatar (X units), Indonesia (X units) and Afghanistan (X units), together generating a 42% share of total imports. The following importers - Vietnam (X units), Turkey (X units), India (X units) and Israel (X units) - each amounted to an 8% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to self-propelled excavating machinery imports into Singapore stood at +7.6%. At the same time, Qatar (+20.1%), Afghanistan (+18.3%), Kazakhstan (+8.4%), Vietnam (+8.2%) and Thailand (+4.9%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in Asia, with a CAGR of +20.1% from 2012-2021. China and Israel experienced a relatively flat trend pattern. By contrast, India (-2.1%), Turkey (-5.1%) and Indonesia (-26.2%) illustrated a downward trend over the same period. Singapore (+28 p.p.), Thailand (+5.7 p.p.), Kazakhstan (+5.4 p.p.), Qatar (+5.3 p.p.), China (+4.8 p.p.), Afghanistan (+4.8 p.p.) and Vietnam (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia saw its share reduced by -38.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported self-propelled earth moving, excavating machinery in Asia, comprising 53% of total imports. The second position in the ranking was held by India ($X), with a 9.1% share of total imports. It was followed by Kazakhstan, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: India (+11.2% per year) and Kazakhstan (+2.8% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, picking up by 8.1% against the previous year. In general, the import price saw a tangible increase. The pace of growth appeared the most rapid in 2020 when the import price increased by 107% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while Singapore ($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 (+13.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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