Eastern Asia: Crawler Tractor Market 2025

Crawler Tractor Market Size in Eastern Asia

In 2021, the East Asian crawler tractor market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, showed a noticeable decrease. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Crawler Tractor Production in Eastern Asia

In value terms, crawler tractor production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 24%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Crawler Tractor Exports

Exports in Eastern Asia

In 2021, crawler tractor exports in Eastern Asia surged to X units, with an increase of 65% compared with 2020 figures. Overall, exports, however, showed a precipitous slump. The most prominent rate of growth was recorded in 2017 with an increase of 96%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, crawler tractor exports soared to $X in 2021. Over the period under review, exports, however, showed a dramatic slump. The most prominent rate of growth was recorded in 2017 when exports increased by 88%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, accounting for X units, which was approx. 96% of total exports in 2021. Japan (X units) held a relatively small share of total exports.

China was also the fastest-growing in terms of the crawler tractors exports, with a CAGR of +14.6% from 2012 to 2021. Japan (-48.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +94 percentage points.

In value terms, China ($X) remains the largest crawler tractor supplier in Eastern Asia, comprising 77% of total exports. The second position in the ranking was taken by Japan ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +5.7%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, with a decrease of -24.5% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when the export price increased by 20%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.9%).

Crawler Tractor Imports

Imports in Eastern Asia

Crawler tractor imports surged to X units in 2021, rising by 17% compared with 2020 figures. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +32.2% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 61%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, crawler tractor imports shrank notably to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -34.3% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by 37%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Japan dominates imports structure, amounting to X units, which was near 85% of total imports in 2021. It was distantly followed by China (X units) and Hong Kong SAR (X units), together constituting an 11% share of total imports. South Korea (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to crawler tractor imports into Japan stood at +7.6%. At the same time, Hong Kong SAR (+37.0%), South Korea (+11.9%) and China (+7.2%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +37.0% from 2012-2021. Hong Kong SAR (+4.4 p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported crawler tractors in Eastern Asia, comprising 76% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by South Korea, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value in Japan was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: China (+12.6% per year) and South Korea (+9.7% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, which is down by -28.1% against the previous year. In general, the import price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 an increase of 30%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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