Singapore: Crawler Dozer Market 2024

Crawler Dozer Market Size in Singapore

The Singaporean crawler dozer market contracted remarkably to $X in 2022, dropping by -22.1% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Crawler Dozer Production in Singapore

In value terms, crawler dozer production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 13%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Crawler Dozer Exports

Exports from Singapore

In 2022, shipments abroad of crawler dozers was finally on the rise to reach X units after two years of decline. In general, exports continue to indicate a slight expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, crawler dozer exports expanded notably to $X in 2022. Overall, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 330%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for crawler dozer exports from Singapore, accounting for a 92% share of total exports. Moreover, crawler dozer exports to China exceeded the volume sent to the second major destination, Australia (X units), more than tenfold. Indonesia (X units) ranked third in terms of total exports with a 0.3% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +106.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+35.0% per year) and Indonesia (-40.8% per year).

In value terms, Australia ($X), China ($X) and Indonesia ($X) were the largest markets for crawler dozer exported from Singapore worldwide, with a combined 95% share of total exports.

In terms of the main countries of destination, China, with a CAGR of +96.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average crawler dozer export price stood at $X per unit in 2022, reducing by -82% against the previous year. Overall, the export price showed a abrupt decline. The growth pace was the most rapid in 2019 an increase of 216% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Crawler Dozer Imports

Imports into Singapore

In 2022, the amount of crawler dozers imported into Singapore dropped sharply to X units, declining by -53.5% compared with the year before. In general, imports saw a abrupt descent. The growth pace was the most rapid in 2016 with an increase of 381% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, crawler dozer imports surged to $X in 2022. Over the period under review, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2016 when imports increased by 340% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X units) constituted the largest crawler dozer supplier to Singapore, with a 40% share of total imports. Moreover, crawler dozer imports from Thailand exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. The third position in this ranking was taken by Japan (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+11.6% per year) and Japan (-22.2% per year).

In value terms, Thailand ($X) constituted the largest supplier of crawler dozers to Singapore, comprising 58% of total imports. The second position in the ranking was held by the UK ($X), with a 29% share of total imports. It was followed by the United States, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from Thailand amounted to +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+11.1% per year) and the United States (+2.5% per year).

Import Prices by Country

The average crawler dozer import price stood at $X per unit in 2022, growing by 152% against the previous year. Over the period under review, the import price showed a noticeable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Indonesia ($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 (+28.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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