South-Eastern Asia: Bulldozer Market 2024

Bulldozer Market Size in South-Eastern Asia

In 2022, the Southeast Asian bulldozer market increased by 27% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw pronounced growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Bulldozer Production in South-Eastern Asia

In value terms, bulldozer production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 35%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Bulldozer Exports

Exports in South-Eastern Asia

In 2022, approx. X units of bulldozers and angle dozers were exported in South-Eastern Asia; declining by -48.9% on the previous year's figure. In general, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 368% against the previous year. As a result, the exports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, bulldozer exports skyrocketed to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 89% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Thailand (X units) represented the key exporter of bulldozers and angle dozers, comprising 48% of total exports. Myanmar (X units) ranks second in terms of the total exports with a 25% share, followed by Singapore (19%). Malaysia (X units) and Indonesia (X units) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +72.1%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X) remains the largest bulldozer supplier in South-Eastern Asia, comprising 91% of total exports. The second position in the ranking was taken by Singapore ($X), with a 3.2% share of total exports. It was followed by Indonesia, with a 2.7% share.

In Thailand, bulldozer exports increased at an average annual rate of +41.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-14.7% per year) and Indonesia (-15.6% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, with an increase of 161% against the previous year. In general, the export price saw a resilient increase. Over the period under review, the 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 origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.5%), while the other leaders experienced more modest paces of growth.

Bulldozer Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of bulldozers and angle dozers increased by 83% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 198% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, bulldozer imports surged to $X in 2022. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Indonesia (X units) was the largest importer of bulldozers and angle dozers, generating 66% of total imports. It was distantly followed by the Philippines (X units), constituting a 17% share of total imports. The following importers - Thailand (X units), Cambodia (X units), Vietnam (X units), Singapore (X units) and Malaysia (X units) - together made up 14% of total imports.

Imports into Indonesia increased at an average annual rate of +1.2% from 2012 to 2022. At the same time, Thailand (+10.3%), Cambodia (+3.9%) and the Philippines (+2.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +10.3% from 2012-2022. By contrast, Vietnam (-1.6%), Singapore (-12.0%) and Malaysia (-15.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, the Philippines and Thailand increased by +8.8, +4.7 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported bulldozers and angle dozers in South-Eastern Asia, comprising 78% of total imports. The second position in the ranking was taken by the Philippines ($X), with an 11% share of total imports. It was followed by Vietnam, with a 3% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia stood at +1.8%. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (+1.9% per year) and Vietnam (-1.9% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, picking up by 21% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 315%. The level of import peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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