Philippines: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in the Philippines

After three years of decline, the Philippine self-propelled bulldozer market increased by 29% to $X in 2021. In general, consumption, however, showed a slight descent. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Self-Propelled Bulldozer Exports

Exports from the Philippines

Self-propelled bulldozer exports from the Philippines fell sharply to X units in 2021, shrinking by -60% against the previous year's figure. In general, exports showed a sharp contraction. The most prominent rate of growth was recorded in 2017 with an increase of 2,200%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, self-propelled bulldozer exports contracted rapidly to $X in 2021. Over the period under review, exports faced a dramatic decrease. The pace of growth was the most pronounced in 2017 when exports increased by 4,521% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X units), Malaysia (X units) and Egypt (X units) were the main destinations of self-propelled bulldozer exports from the Philippines, with a combined 75% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) emerged as the key foreign market for self-propelled bulldozers and excavators exports from the Philippines, comprising 61% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 26% share of total exports. It was followed by Egypt, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Japan totaled +49.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-13.6% per year) and Egypt (0.0% per year).

Export Prices by Country

The average self-propelled bulldozer export price stood at $X per unit in 2021, increasing by 132% against the previous year. In general, the export price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 233% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.

Self-Propelled Bulldozer Imports

Imports into the Philippines

In 2021, purchases abroad of self-propelled bulldozers and excavators increased by 50% to X units for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -20.8% against 2017 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 62% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, self-propelled bulldozer imports rose notably to $X in 2021. Overall, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 48%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X units), Hong Kong SAR (X units) and South Korea (X units) were the main suppliers of self-propelled bulldozer imports to the Philippines, with a combined 84% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +52.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled bulldozer suppliers to the Philippines were Japan ($X), China ($X) and Hong Kong SAR ($X), with a combined 79% share of total imports.

Hong Kong SAR, with a CAGR of +40.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average self-propelled bulldozer import price stood at $X per unit in 2021, dropping by -23.6% against the previous year. Overall, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2015 when the average import price increased by 69% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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