Eastern Asia: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Eastern Asia

In 2021, the East Asian self-propelled bulldozer market decreased by less than 0.1% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Self-Propelled Bulldozer Production in Eastern Asia

In value terms, self-propelled bulldozer production amounted to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 6.2% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Self-Propelled Bulldozer Exports

Exports in Eastern Asia

In 2021, shipments abroad of self-propelled bulldozers and excavators was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 23%. Over the period under review, the exports reached the maximum at X units in 2018; afterwards, it flattened through to 2021.

In value terms, self-propelled bulldozer exports surged to $X in 2021. Overall, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X units) and China (X units) prevails in exports structure, together constituting 94% of total exports. The following exporters - Japan (X units) and Taiwan (Chinese) (X units) - together made up 5.7% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +8.2%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the largest self-propelled bulldozer supplier in Eastern Asia, comprising 70% of total exports. The second position in the ranking was taken by China ($X), with a 22% share of total exports. It was followed by Japan, with a 4.1% share.

In South Korea, self-propelled bulldozer exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (-1.6% per year) and Japan (+3.8% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, jumping by 29% against the previous year. Over the period under review, the export price, however, saw a pronounced downturn. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-2.1%), while the other leaders experienced a decline in the export price figures.

Self-Propelled Bulldozer Imports

Imports in Eastern Asia

In 2021, imports of self-propelled bulldozers and excavators in Eastern Asia declined to X units, dropping by -12.5% compared with the previous year's figure. Over the period under review, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 118% against the previous year. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, self-propelled bulldozer imports surged to $X in 2021. In general, imports, however, showed pronounced growth. The growth pace was the most rapid in 2020 when imports increased by 59% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X units) represented the main importer of self-propelled bulldozers and excavators, mixing up 59% of total imports. It was distantly followed by China (X units) and Hong Kong SAR (X units), together mixing up a 35% share of total imports. Macao SAR (X units) and South Korea (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to self-propelled bulldozer imports into Taiwan (Chinese) stood at +3.5%. At the same time, China (+15.4%), Macao SAR (+9.4%) and Hong Kong SAR (+6.8%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +15.4% from 2012-2021. By contrast, South Korea (-3.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +14 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported self-propelled bulldozers and excavators in Eastern Asia, comprising 67% of total imports. The second position in the ranking was taken by China ($X), with a 23% share of total imports. It was followed by Macao SAR, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value in Taiwan (Chinese) totaled +3.2%. The remaining importing countries recorded the following average annual rates of imports growth: China (+11.6% per year) and Macao SAR (+16.8% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, surging by 44% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2016 an increase of 105% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the import prices remained at a somewhat lower figure.

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 Taiwan (Chinese) ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Macao SAR (+6.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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