China: Bulldozer Market 2024

Bulldozer Market Size in China

In 2022, the Chinese bulldozer market decreased by -91.9% to $X, falling for the second consecutive year after three years of growth. In general, consumption continues to indicate a precipitous curtailment. Bulldozer consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Bulldozer Production in China

In value terms, bulldozer production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight contraction. The growth pace was the most rapid in 2018 when the production volume increased by 8.7%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Bulldozer Exports

Exports from China

In 2022, overseas shipments of bulldozers and angle dozers increased by 49% to X units, rising for the second consecutive year after three years of decline. In general, exports continue to indicate notable growth. The growth pace was the most rapid in 2017 with an increase of 96% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, bulldozer exports soared to $X in 2022. Overall, exports saw a pronounced expansion. The pace of growth appeared the most rapid in 2021 with an increase of 89%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Russia (X units) was the main destination for bulldozer exports from China, accounting for a 37% share of total exports. Moreover, bulldozer exports to Russia exceeded the volume sent to the second major destination, Indonesia (X units), twofold. The Philippines (X units) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+27.4% per year) and the Philippines (+6.8% per year).

In value terms, Russia ($X) remains the key foreign market for bulldozers and angle dozers exports from China, comprising 38% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 17% share of total exports. It was followed by the Philippines, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+30.3% per year) and the Philippines (+6.0% per year).

Export Prices by Country

The average bulldozer export price stood at $X per unit in 2022, approximately equating the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 16%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bulldozer Imports

Imports into China

In 2022, after two years of growth, there was significant decline in supplies from abroad of bulldozers and angle dozers, when their volume decreased by -45% to X units. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 52%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, bulldozer imports contracted remarkably to $X in 2022. Over the period under review, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 103%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest bulldozer supplier to China, accounting for a 49% share of total imports. Moreover, bulldozer imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was taken by Thailand (X units), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at -14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-20.4% per year) and Thailand (+36.6% per year).

In value terms, the largest bulldozer suppliers to China were Japan ($X), the United States ($X) and Thailand ($X), with a combined 97% share of total imports.

Among the main suppliers, Thailand, with a CAGR of +43.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average bulldozer import price stood at $X per unit in 2022, remaining stable against the previous year. Overall, the import price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 73% against the previous year. The import price peaked at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for South Korea ($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 United Arab Emirates (+55.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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