Asia: Wheeled Dozer Market 2024

Wheeled Dozer Market Size in Asia

The Asian wheeled dozer market reduced notably to $X in 2022, which is down by -28.2% against the previous year. Over the period under review, consumption, however, continues to indicate perceptible growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Wheeled Dozer Production in Asia

In value terms, wheeled dozer production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 36% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Wheeled Dozer Exports

Exports in Asia

Wheeled dozer exports fell sharply to X units in 2022, shrinking by -63.5% on the previous year's figure. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 376% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheeled dozer exports contracted notably to $X in 2022. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 80% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Myanmar represented the main exporting country with an export of about X units, which accounted for 50% of total exports. Japan (X units) took a 17% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (7.6%) and China (7%). The following exporters - Kuwait (X units), Bahrain (X units), Jordan (X units) and Saudi Arabia (X units) - together made up 8.3% of total exports.

Myanmar was also the fastest-growing in terms of the wheeled dozers exports, with a CAGR of +79.1% from 2012 to 2022. At the same time, Bahrain (+12.6%) displayed positive paces of growth. By contrast, Kuwait (-3.9%), Saudi Arabia (-6.3%), China (-7.9%), Jordan (-10.2%), Japan (-10.9%) and Singapore (-26.8%) illustrated a downward trend over the same period. While the share of Myanmar (+49 p.p.), Bahrain (+2 p.p.) and China (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-50.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest wheeled dozer supplier in Asia, comprising 35% of total exports. The second position in the ranking was taken by China ($X), with a 16% share of total exports. It was followed by Singapore, with a 7.9% share.

In Japan, wheeled dozer exports plunged by an average annual rate of -11.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (-2.5% per year) and Singapore (-19.4% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, surging by 82% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, 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 China ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.1%), while the other leaders experienced more modest paces of growth.

Wheeled Dozer Imports

Imports in Asia

Wheeled dozer imports reduced remarkably to X units in 2022, shrinking by -88% on the previous year. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 781% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, wheeled dozer imports stood at $X in 2022. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of 54%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The Philippines (X units) and India (X units) represented roughly 32% of total imports in 2022. Yemen (X units) held the next position in the ranking, followed by Thailand (X units) and the United Arab Emirates (X units). All these countries together took approx. 21% share of total imports. Jordan (X units), Israel (X units), Myanmar (X units), Pakistan (X units), Indonesia (X units), Singapore (X units), Kuwait (X units) and Cambodia (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Yemen (with a CAGR of +21.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported wheeled dozers in Asia, comprising 38% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 9.8% share of total imports. It was followed by Yemen, with a 4.8% share.

In India, wheeled dozer imports expanded at an average annual rate of +14.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (-2.3% per year) and Yemen (+26.5% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, rising by 772% against the previous year. Overall, the import price continues to indicate a measured increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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