Eastern Asia: Scrapers Excavator Market 2024

Scrapers Excavator Market Size in Eastern Asia

The East Asian scrapers excavator market contracted to $X in 2022, dropping by -13% against the previous year. In general, consumption saw a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 8.2%. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Scrapers Excavator Production in Eastern Asia

In value terms, scrapers excavator production declined to $X in 2022 estimated in export price. In general, production recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Scrapers Excavator Exports

Exports in Eastern Asia

In 2022, approx. X units of scrapers earth moving, excavating, extracting machinery (not self-propelled) were exported in Eastern Asia; increasing by 46% compared with 2021. In general, exports posted prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 86%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, scrapers excavator exports stood at $X in 2022. Overall, exports, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 43% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China was the key exporter of scrapers earth moving, excavating, extracting machinery (not self-propelled) in Eastern Asia, with the volume of exports accounting for X units, which was near 86% of total exports in 2022. It was distantly followed by South Korea (X units), comprising a 10% share of total exports. Japan (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +9.9% from 2012 to 2022. At the same time, South Korea (+15.8%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +15.8% from 2012-2022. By contrast, Japan (-5.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and South Korea increased by +6.3 and +4.7 percentage points, respectively.

In value terms, China ($X) remains the largest scrapers excavator supplier in Eastern Asia, comprising 62% of total exports. The second position in the ranking was taken by South Korea ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to -5.9%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+23.0% per year) and Japan (-2.7% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, reducing by -27.1% against the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2020 when the export price increased by 21%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.2%), while the other leaders experienced mixed trends in the export price figures.

Scrapers Excavator Imports

Imports in Eastern Asia

In 2022, imports of scrapers earth moving, excavating, extracting machinery (not self-propelled) in Eastern Asia fell to X units, with a decrease of -11% on the previous year's figure. Over the period under review, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 with an increase of 169%. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, scrapers excavator imports fell remarkably to $X in 2022. Overall, imports recorded a abrupt decrease. The growth pace was the most rapid in 2015 when imports increased by 183% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main importer of scrapers earth moving, excavating, extracting machinery (not self-propelled), generating 41% of total imports. It was distantly followed by South Korea (X units), Macao SAR (X units), Taiwan (Chinese) (X units) and Japan (X units), together making up a 57% share of total imports. Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to scrapers excavator imports into China stood at -9.0%. At the same time, Japan (+18.9%), Hong Kong SAR (+6.3%) and Macao SAR (+1.7%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +18.9% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, South Korea (-13.9%) illustrated a downward trend over the same period. Japan (+9.5 p.p.), Macao SAR (+9.5 p.p.) and Taiwan (Chinese) (+6.8 p.p.) significantly strengthened its position in terms of the total imports, while China and South Korea saw its share reduced by -6.9% and -20.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported scrapers earth moving, excavating, extracting machinery (not self-propelled) in Eastern Asia, comprising 68% of total imports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total imports. It was followed by Taiwan (Chinese), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value in China stood at -3.0%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-15.6% per year) and Taiwan (Chinese) (+2.0% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, which is down by -24.2% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 an increase of 17%. As a result, import price reached the peak level of $X per unit, and then declined notably in the following year.

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 China (+6.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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