China: Crawler Tractor Market 2025

Crawler Tractor Market Size in China

In 2021, after three years of decline, there was growth in the Chinese crawler tractor market, when its value increased by 1% to $X. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Crawler Tractor Production in China

In value terms, crawler tractor production stood at $X in 2021 estimated in export price. Overall, production, however, recorded a slight decline. The pace of growth was the most pronounced in 2017 when the production volume increased by 57% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Crawler Tractor Exports

Exports from China

In 2021, approx. X units of crawler tractors were exported from China; increasing by 72% on the previous year's figure. Overall, exports posted a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 287%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, crawler tractor exports surged to $X in 2021. In general, exports posted buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 547%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X units), Indonesia (X units) and Colombia (X units) were the main destinations of crawler tractor exports from China, with a combined 48% share of total exports. Ghana, Kazakhstan, Peru, Tajikistan, the Philippines, Russia, Brunei Darussalam, Uganda, Germany and Thailand lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +312.3%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for crawler tractors exports from China, comprising 35% of total exports. The second position in the ranking was taken by Russia ($X), with a 9.5% share of total exports. It was followed by Colombia, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia amounted to +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-12.3% per year) and Colombia (+252.5% per year).

Export Prices by Country

In 2021, the average crawler tractor export price amounted to $X per unit, falling by -23.4% against the previous year. Overall, the export price saw a abrupt decline. The growth pace was the most rapid in 2016 an increase of 73% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+50.3%), while the prices for the other major destinations experienced more modest paces of growth.

Crawler Tractor Imports

Imports into China

In 2021, approx. X units of crawler tractors were imported into China; shrinking by -21.1% on the previous year's figure. In general, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2015 when imports increased by 119% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, crawler tractor imports declined markedly to $X in 2021. Overall, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 107%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X units), Germany (X units) and Japan (X units) were the main suppliers of crawler tractor imports to China, with a combined 96% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +22.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crawler tractor suppliers to China were Italy ($X), Germany ($X) and Canada ($X), together comprising 100% of total imports.

Germany, with a CAGR of +27.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average crawler tractor import price amounted to $X per unit, picking up by 2.6% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crawler tractor import price increased by +66.9% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 34% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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