China: Wheeled Loader Market 2024

Wheeled Loader Market Size in China

The Chinese wheeled loader market declined remarkably to $X in 2021, dropping by -54% against the previous year. In general, consumption showed a abrupt decline. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Wheeled Loader Production in China

In value terms, wheeled loader production reached $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 26% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wheeled Loader Exports

Exports from China

In 2021, shipments abroad of wheeled loaders, crawler shovel loaders, front-end loaders increased by 43% to X units, rising for the fifth year in a row after three years of decline. Overall, exports recorded strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 56% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, wheeled loader exports surged to $X in 2021. Over the period under review, total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 61%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

Russia (X units) was the main destination for wheeled loader exports from China, accounting for a 14% share of total exports. Moreover, wheeled loader exports to Russia exceeded the volume sent to the second major destination, Argentina (X units), twofold. The third position in this ranking was held by Kazakhstan (X units), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+9.0% per year) and Kazakhstan (+6.2% per year).

In value terms, Russia ($X) remains the key foreign market for wheeled loaders, crawler shovel loaders, front-end loaders exports from China, comprising 13% of total exports. The second position in the ranking was taken by the United States ($X), with a 4.3% share of total exports. It was followed by Kazakhstan, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+27.8% per year) and Kazakhstan (+4.2% per year).

Export Prices by Country

In 2021, the average wheeled loader export price amounted to $X per unit, picking up by 11% against the previous year. In general, the export price, however, showed a perceptible contraction. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Netherlands ($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 Germany (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports

Imports into China

Wheeled loader imports into China skyrocketed to X units in 2021, growing by 44% against 2020. Overall, imports recorded tangible growth. The most prominent rate of growth was recorded in 2017 with an increase of 91%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, wheeled loader imports surged to $X in 2021. Over the period under review, imports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2017 when imports increased by 100% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest wheeled loader supplier to China, accounting for a 43% share of total imports. Moreover, wheeled loader imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was held by Sweden (X units), with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+159.8% per year) and Sweden (-7.4% per year).

In value terms, the largest wheeled loader suppliers to China were the United States ($X), Italy ($X) and Finland ($X), with a combined 61% share of total imports.

Italy, with a CAGR of +114.8%, saw 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 a decline.

Import Prices by Country

The average wheeled loader import price stood at $X per unit in 2021, which is down by -6.3% against the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 41%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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