Eastern Asia: Wheeled Loader Market 2024

Wheeled Loader Market Size in Eastern Asia

The East Asian wheeled loader market shrank remarkably to $X in 2021, with a decrease of -40.4% against the previous year. In general, consumption showed a abrupt decline. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Wheeled Loader Production in Eastern Asia

In value terms, wheeled loader production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Wheeled Loader Exports

Exports in Eastern Asia

In 2021, shipments abroad of wheeled loaders, crawler shovel loaders, front-end loaders increased by 29% to X units, rising for the fifth consecutive year after four years of decline. Total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +106.0% against 2016 indices. The pace of growth was the most pronounced in 2017 when exports increased by 39% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, wheeled loader exports skyrocketed to $X in 2021. Total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units) represented the largest exporter of wheeled loaders, crawler shovel loaders, front-end loaders, creating 58% of total exports. Japan (X units) took the second position in the ranking, distantly followed by South Korea (X units). All these countries together held near 42% 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 +5.8%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest wheeled loader supplying countries in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together accounting for 99.9% of total exports.

Japan, with a CAGR of +5.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, with an increase of 10% against the previous year. In general, the export price, however, recorded a slight slump. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, 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 South Korea (+4.4%), while the other leaders experienced a decline in the export price figures.

Wheeled Loader Imports

Imports in Eastern Asia

Wheeled loader imports expanded to X units in 2021, growing by 4.9% against the previous year's figure. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 34%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, wheeled loader imports rose notably to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 50%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Japan (X units), distantly followed by South Korea (X units), Taiwan (Chinese) (X units) and China (X units) were the major importers of wheeled loaders, crawler shovel loaders, front-end loaders, together comprising 97% of total imports. The following importers - Democratic People's Republic of Korea (X units) and Hong Kong SAR (X units) - each reached a 3.4% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan (Chinese) (with a CAGR of +19.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and China ($X) constituted the countries with the highest levels of imports in 2021, with a combined 84% share of total imports.

Japan, with a CAGR of +13.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, rising by 4.5% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 12%. As a result, import price reached the peak level of $X per unit. From 2015 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 Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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