Eastern Asia: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Eastern Asia

The East Asian off-highway dumper market fell remarkably to $X in 2021, which is down by -58.9% against the previous year. Over the period under review, consumption showed a deep downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Off-Highway Dumper Production in Eastern Asia

In value terms, off-highway dumper production expanded to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 7.2% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Off-Highway Dumper Exports

Exports in Eastern Asia

In 2021, off-highway dumper exports in Eastern Asia soared to X units, growing by 73% compared with the previous year's figure. Overall, exports, however, recorded a noticeable downturn. 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, off-highway dumper exports surged to $X in 2021. Over the period under review, exports, however, saw a pronounced decrease. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) and Japan (X units) dominates exports structure, together making up 91% of total exports. It was distantly followed by South Korea (X units), constituting a 9.4% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of +5.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest off-highway dumper supplying countries in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 100% share of total exports.

In terms of the main exporting countries, China, with a CAGR of +2.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, growing by 22% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per unit in 2018; however, from 2019 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 ($X per unit), while South Korea ($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 (+3.9%), while the other leaders experienced a decline in the export price figures.

Off-Highway Dumper Imports

Imports in Eastern Asia

In 2021, supplies from abroad of dumpers for off-highway use increased by 7.5% to X units, rising for the fifth year in a row after three years of decline. Over the period under review, imports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by 39% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, off-highway dumper imports expanded to $X in 2021. Overall, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 54%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Japan represented the major importer of dumpers for off-highway use in Eastern Asia, with the volume of imports finishing at X units, which was near 62% of total imports in 2021. China (X units) took the second position in the ranking, distantly followed by South Korea (X units) and Taiwan (Chinese) (X units). All these countries together held approx. 33% share of total imports. Hong Kong SAR (X units) held a relatively small share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of dumpers for off-highway use. At the same time, Taiwan (Chinese) (+4.8%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +4.8% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-5.4%) and China (-22.8%) illustrated a downward trend over the same period. While the share of Japan (+40 p.p.), South Korea (+4.7 p.p.), Taiwan (Chinese) (+3.7 p.p.) and Hong Kong SAR (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of China (-50.1 p.p.) displayed negative dynamics.

In value terms, Japan ($X) constitutes the largest market for imported dumpers for off-highway use in Eastern Asia, comprising 60% of total imports. The second position in the ranking was taken by China ($X), with a 23% share of total imports. It was followed by South Korea, with a 7.8% share.

In Japan, off-highway dumper imports expanded at an average annual rate of +5.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (-19.9% per year) and South Korea (+0.5% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, dropping by -5.3% against the previous year. Import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.5% 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 2014 an increase of 73% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per unit) and South Korea ($X per unit), while Hong Kong SAR ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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