Singapore: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Singapore

The Singaporean self-propelled bulldozer market declined slightly to $X in 2021, waning by -3.9% against the previous year. In general, consumption showed a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Self-Propelled Bulldozer Production in Singapore

In value terms, self-propelled bulldozer production reduced to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2017 with an increase of 6.2%. Self-propelled bulldozer production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Self-Propelled Bulldozer Exports

Exports from Singapore

In 2021, overseas shipments of self-propelled bulldozers and excavators were finally on the rise to reach X units after two years of decline. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 123%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, self-propelled bulldozer exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 110%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X units), Malaysia (X units) and Myanmar (X units) were the main destinations of self-propelled bulldozer exports from Singapore, together accounting for 83% of total exports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +23.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-propelled bulldozer exported from Singapore were Malaysia ($X), Indonesia ($X) and Bangladesh ($X), together comprising 38% of total exports.

Among the main countries of destination, Bangladesh, with a CAGR of +13.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average self-propelled bulldozer export price stood at $X per unit in 2021, picking up by 3% against the previous year. In general, the export price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Indonesia ($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 Vietnam (+0.9%), while the prices for the other major destinations experienced a decline.

Self-Propelled Bulldozer Imports

Imports into Singapore

After three years of decline, supplies from abroad of self-propelled bulldozers and excavators increased by 48% to X units in 2021. In general, imports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 82% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, self-propelled bulldozer imports soared to $X in 2021. Over the period under review, imports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by 72% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X units), South Korea (X units) and India (X units) were the main suppliers of self-propelled bulldozer imports to Singapore, together comprising 62% of total imports. China, Malaysia, Indonesia, Thailand and the United States lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +21.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled bulldozer suppliers to Singapore were Japan ($X), South Korea ($X) and China ($X), together comprising 58% of total imports. India, Indonesia, Thailand, Malaysia and the United States lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, Indonesia, with a CAGR of +8.1%, recorded the highest growth rate of the value of imports, 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, surging by 12% against the previous year. In general, the import price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2016 an increase of 40% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Thailand ($X per unit), while the price for Malaysia ($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 (+10.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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