Singapore: Crawler Tractor Market 2025

Crawler Tractor Market Size in Singapore

The Singaporean crawler tractor market declined rapidly to $X in 2021, which is down by -22.3% against the previous year. In general, consumption continues to indicate a abrupt descent. Crawler tractor consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Crawler Tractor Production in Singapore

In value terms, crawler tractor production contracted markedly to $X in 2021 estimated in export price. Over the period under review, production faced a sharp shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 78% against the previous year. Crawler tractor production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Crawler Tractor Exports

Exports from Singapore

In 2021, approx. X units of crawler tractors were exported from Singapore; waning by -60.7% on the previous year's figure. Overall, exports faced a significant decrease. The pace of growth appeared the most rapid in 2019 with an increase of 239%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, crawler tractor exports dropped markedly to $X in 2021. In general, exports showed a dramatic contraction. The pace of growth was the most pronounced in 2019 when exports increased by 223% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Myanmar (X units), Saudi Arabia (X units) and Indonesia (X units) were the main destinations of crawler tractor exports from Singapore, with a combined 64% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of -11.5%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for crawler tractor exported from Singapore were Saudi Arabia ($X), Australia ($X) and Indonesia ($X), with a combined 96% share of total exports.

Among the main countries of destination, Saudi Arabia, with a CAGR of +55.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average crawler tractor export price stood at $X per unit in 2021, with a decrease of -7.7% against the previous year. In general, the export price, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 119%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to China ($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 Saudi Arabia (+73.0%), while the prices for the other major destinations experienced more modest paces of growth.

Crawler Tractor Imports

Imports into Singapore

Crawler tractor imports into Singapore surged to X units in 2021, picking up by 600% compared with 2020 figures. In general, imports, however, saw a dramatic decrease. The most prominent rate of growth was recorded in 2019 with an increase of 668%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, crawler tractor imports surged to $X in 2021. Overall, imports, however, continue to indicate a sharp descent. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of crawler tractor to Singapore, with a approx. 93% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +14.0%.

In value terms, the United States ($X) constituted the largest supplier of crawler tractors to Singapore, comprising 64% of total imports. The second position in the ranking was held by Brazil ($X), with an 11% share of total imports. It was followed by Australia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-38.8% per year) and Australia (+6.6% per year).

Import Prices by Country

In 2021, the average crawler tractor import price amounted to $X per unit, growing by 31% against the previous year. Over the period under review, the import price, however, showed a perceptible slump. The growth pace was the most rapid in 2018 an increase of 179% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+59.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :