Asia: Market for Snow-Ploughs And Snow-Blowers 2024

Market Size for Snow-Ploughs And Snow-Blowers in Asia

The Asian snow ploughs and blowers market reduced slightly to $X in 2022, waning by -2.9% against the previous year. Over the period under review, consumption saw a mild decrease. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Snow-Ploughs And Snow-Blowers in Asia

In value terms, snow ploughs and blowers production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by 42% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Snow-Ploughs And Snow-Blowers

Exports in Asia

Snow ploughs and blowers exports amounted to X units in 2022, rising by 3.3% against the year before. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 73%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, snow ploughs and blowers exports rose remarkably to $X in 2022. Over the period under review, exports posted a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 39% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X units, which was approx. 95% of total exports in 2022. Vietnam (X units) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +9.3% from 2012 to 2022. At the same time, Vietnam (+47.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +47.6% from 2012-2022. While the share of Vietnam (+3.8 p.p.) and China (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest snow ploughs and blowers supplier in Asia, comprising 88% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 3.2% share of total exports.

In China, snow ploughs and blowers exports expanded at an average annual rate of +10.2% over the period from 2012-2022.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, growing by 8.4% against the previous year. Over the period under review, the export price, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2020 when the export price increased by 27% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while Vietnam amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.9%).

Imports of Snow-Ploughs And Snow-Blowers

Imports in Asia

In 2022, supplies from abroad of snow-ploughs and snow-blowers increased by 88% to X units, rising for the second year in a row after two years of decline. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, snow ploughs and blowers imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2018 when imports increased by 46% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X units) was the largest importer of snow-ploughs and snow-blowers, achieving 72% of total imports. Kazakhstan (X units) took the second position in the ranking, followed by South Korea (X units). All these countries together took near 19% share of total imports. India (X units) and Turkey (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to snow ploughs and blowers imports into Japan stood at +6.3%. At the same time, India (+63.9%), Kazakhstan (+9.8%) and Turkey (+2.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of +63.9% from 2012-2022. By contrast, South Korea (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan, Kazakhstan and India increased by +32, +6.8 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), India ($X) and Kazakhstan ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 67% of total imports.

India, with a CAGR of +83.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, waning by -37.2% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2019 when the import price increased by 92%. As a result, import price reached the peak level of $X per unit. From 2020 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 India ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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