Eastern Asia: Motor Grader Market 2024

Motor Grader Market Size in Eastern Asia

In 2022, the East Asian motor grader market decreased by -67.3% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a abrupt downturn. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Motor Grader Production in Eastern Asia

In value terms, motor grader production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight setback. The most prominent rate of growth was recorded in 2014 with an increase of 3.2% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Motor Grader Exports

Exports in Eastern Asia

In 2022, overseas shipments of motor graders and levellers increased by 92% to X units, rising for the second year in a row after two years of decline. In general, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, motor grader exports soared to $X in 2022. Over the period under review, exports continue to indicate moderate growth. The pace of growth was the most pronounced in 2021 when exports increased by 73% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

China was the major exporting country with an export of around X units, which accounted for 85% of total exports. It was distantly followed by Japan (X units), comprising a 15% share of total exports.

China was also the fastest-growing in terms of the motor graders and levellers exports, with a CAGR of +10.3% from 2012 to 2022. Japan experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by +17 percentage points.

In value terms, China ($X) remains the largest motor grader supplier in Eastern Asia, comprising 75% of total exports. The second position in the ranking was taken by Japan ($X), with a 25% share of total exports.

In China, motor grader exports expanded at an average annual rate of +3.9% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, waning by -31.9% against the previous year. Over the period under review, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of 3.3% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.5%).

Motor Grader Imports

Imports in Eastern Asia

Motor grader imports declined to X units in 2022, with a decrease of -13.1% against the previous year. Over the period under review, imports, however, continue to indicate a measured expansion. The growth pace was the most rapid in 2016 with an increase of 134% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, motor grader imports surged to $X in 2022. In general, imports recorded a mild setback. The pace of growth was the most pronounced in 2016 with an increase of 201%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Japan represented the key importer of motor graders and levellers in Eastern Asia, with the volume of imports reaching X units, which was near 56% of total imports in 2022. South Korea (X units) ranks second in terms of the total imports with a 21% share, followed by Hong Kong SAR (9.2%) and China (7.2%). Taiwan (Chinese) (X units) and Macao SAR (X units) held a little share of total imports.

Japan was also the fastest-growing in terms of the motor graders and levellers imports, with a CAGR of +32.9% from 2012 to 2022. Taiwan (Chinese) and Macao SAR experienced a relatively flat trend pattern. South Korea (-1.7%), Hong Kong SAR (-6.7%) and China (-11.9%) illustrated a downward trend over the same period. Japan (+52 p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Hong Kong SAR and China saw its share reduced by -10.8%, -14.2% and -25.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest motor grader importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), together accounting for 95% of total imports.

Among the main importing countries, Japan, with a CAGR of +31.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, jumping by 39% against the previous year. In general, the import price, however, recorded a noticeable reduction. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Macao SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+27.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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