Report Update Jan 1, 2025

Republic of Korea - Wheeled Dozers - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Wheeled Dozer Market 2025

Wheeled Dozer Market Size in Republic of Korea

In 2022, the South Korean wheeled dozer market increased by 22% to $X, rising for the second consecutive year after four years of decline. Overall, consumption recorded a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Wheeled Dozer Production in Republic of Korea

In value terms, wheeled dozer production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 349% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Wheeled Dozer Exports

Exports from Republic of Korea

In 2022, overseas shipments of wheeled dozers decreased by -91.2% to X units, falling for the fifth year in a row after six years of growth. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 308% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheeled dozer exports contracted remarkably to $X in 2022. Over the period under review, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2014 with an increase of 499% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X units) was the main destination for wheeled dozer exports from South Korea, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the Philippines totaled +22.0%.

In value terms, the Philippines ($X) also remains the key foreign market for wheeled dozers exports from South Korea.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines totaled +61.5%.

Export Prices by Country

The average wheeled dozer export price stood at $X per unit in 2022, reducing by -50.9% against the previous year. In general, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2014 an increase of 47% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Philippines.

From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +32.4% per year.

Wheeled Dozer Imports

Imports into Republic of Korea

In 2022, the amount of wheeled dozers imported into South Korea declined to X units, shrinking by -12.5% against 2021. Overall, imports, however, showed mild growth. The pace of growth appeared the most rapid in 2015 when imports increased by 120%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, wheeled dozer imports stood at $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2021 when imports increased by 152% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units) and Japan (X units) were the main suppliers of wheeled dozer imports to South Korea.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +3.7%).

In value terms, the United States ($X) constituted the largest supplier of wheeled dozers to South Korea, comprising 67% of total imports. The second position in the ranking was taken by Japan ($X), with a 33% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +4.6%.

Import Prices by Country

The average wheeled dozer import price stood at $X per unit in 2022, jumping by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2021 an increase of 26% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Japan amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wheeled dozers in the world?

Japan constituted the country with the largest volume of wheeled dozer consumption, comprising approx. 31% of total volume. Moreover, wheeled dozer consumption in Japan exceeded the figures recorded by the second-largest consumer, the United States, sixfold. The third position in this ranking was occupied by Brazil, with a 4.7% share.

What are the largest producers of wheeled dozers in the world?

Japan constituted the country with the largest volume of wheeled dozer production, comprising approx. 47% of total volume. Moreover, wheeled dozer production in Japan exceeded the figures recorded by the second-largest producer, the United States, fivefold. The third position in this ranking was occupied by Brazil, with a 5.9% share.

What are the leading suppliers of wheeled dozers to Republic of Korea?

In value terms, Japan constituted the largest supplier of wheeled dozer to South Korea.

What are the leading importers of wheeled dozers from Republic of Korea?

In value terms, Bangladesh remains the key foreign market for wheeled dozer exports from South Korea.

What is the average export price for wheeled dozers in Republic of Korea?

In 2021, the average wheeled dozer export price amounted to $8,709 per unit, waning by -15.9% against the previous year.

What is the average import price for wheeled dozers in Republic of Korea?

The average wheeled dozer import price stood at $34,207 per unit in 2021, dropping by -7.8% against the previous year.

This report provides an in-depth analysis of the wheeled dozer market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28922150 - Wheeled dozers (excluding track-laying)

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024